Loan EMI Calculator
₹
%
Monthly EMI
₹0
Principal Amount
₹0
Total Interest
₹0
Total Amount Payable
₹0
Amortization Schedule (Yearly)
| Year | Principal Paid | Interest Paid | Total Payment | Balance |
|---|
How is EMI Calculated?
The Equated Monthly Installment (EMI) formula used in this calculator is:
E = P x R x (1+R)^N / [(1+R)^N-1]- E = EMI (Equated Monthly Installment)
- P = Principal Loan Amount
- R = Monthly Interest Rate (Annual Rate / 12 / 100)
- N = Loan Tenure in Months