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Confused on how much to pay for your loan after getting it? Visit now to calculate your equated monthly income (EMI) of your loan, home loan or a business loan online and also compare loans from different banks in India at one place online. Finance Buddha
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What is an EMI Calculator ? An EMI calculator helps you calculate the monthly amount you will need to pay towards your Loan.
Why Should you use EMI Calculator Plan your finances beforehand Know your full principle amount You can compare different loans
How is EMI Calculated EMI = [P x R x (1+R) ^N]/ [(1+R) ^N-1] E = EMI P = Principal Loan Amount. R = Rate of interest per month. N = Tenure period.
Factors that Affect your Loan EMI Principal Amount Rate of Interest Tenure Period