Loan Amount It is the amount a person intends to borrow.
Tenure It is the total duration for which a loan is taken.
Rate Of Interest It means the Rate of Interest payable on the loan Amount. Rates are broadly categorized as Floating & Fixed Rate of Interest.
Loan EMI Calculator gives you the figure of the EMI Payable (Equated Monthly Installment) towards a Loan amount for a certain Loan Tenure at a particular Rate of Interest.