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EMI Calculator

Calculating Equated Monthly Installment In Housing finance,equated monthly installment(EMI) refers to the monthly payment towards interest and principal made by a browser to a lender,EMI calculated using a formula that considers loan amount,interest rate,and loan period as variables,The formula for calculating EMI:
Where L = Loan Amount,I=Intrest rate per annum divided by 12, ^ = to the power of, N = loan period in months EMI = (L x I) x (1 + l)^N / [(1 + I)^N]-1

Claculate Here

Amount(L) :

Rate(I) :

in %

Term(N) :

in Months

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