Loan EMI Calculator
Calculation Result
Your EMI: ₹0
Total Payment: ₹0
Total Interest: ₹0
About EMI Calculation
EMI (Equated Monthly Installment) is the fixed payment amount made by a borrower to a lender at a specified date each calendar month.
The formula used for EMI calculation is:
EMI = [P × R × (1+R)^N] / [(1+R)^N-1]
Where:
- P = Principal Loan Amount
- R = Monthly Interest Rate (Annual Rate/12/100)
- N = Loan Tenure in Months
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