📊 Loan EMI Calculator
📢 Your Monthly EMI: ₹0
📌 What is an EMI?
EMI (Equated Monthly Installment) is the fixed monthly amount you pay to repay a loan. It includes both principal and interest.
📊 How is EMI Calculated?
The EMI is calculated using the formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]
- P = Loan Amount
- R = Monthly Interest Rate (Annual Interest Rate / 12 / 100)
- N = Loan Tenure in Months
🎯 Why Use Our EMI Calculator?
- ✅ Instant & Accurate EMI Calculation
- ✅ Helps in Better Financial Planning
- ✅ Completely Free & Easy to Use