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EMI Calculator
   
This calculator computes the value of Equated Monthly Installments (EMI) for user specified values. Just enter the values for Rate of Interest, the Amount of Loan required, Tenure (in years) and whether you would like to use an Annual or Monthly Reducing balance for the calculations and click on the Calculate EMI button. The Result will be displayed in the Result Box.
LOAN DETAILS
Interest Rate (%)     
Amount of loan required     
Tenure (in years)     
Reducing Balance based on     
RESULT
EMI (Rs.)     

    Clear

EMI Formula : l x r [(1+r)n /(1+r)n-1 ] x 1/12
               l = loan amount
               r = rate of interest
              n = term of the loan
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