#### Online EMI Calculator :

Online Emi Calculator
Loan Amount

Interest Rate
%

Loan Tenure

0

0

#### Total Payments

0

##### EMI Calculator :
• Equated Monthly Installment [ EMI ] can be able to calculate the emi amount for month.
•  An equated monthly installment (EMI) is the amount that a loan borrower pays every month in order to repay the money borrowed.
• There is a particular date each calendar month by which the EMI should be paid by the borrower.
• This amount has to be paid monthly.
• The interest component of the EMI would be larger during the initial months and gradually reduce with each payment.
• The exact percentage allocated towards payment of the principal depends on the interest rate.
• Even though your monthly EMI payment won’t change, the proportion of principal and interest components will change with time.
• With each successive payment, you’ll pay more towards the principal and less in interest.
• Finally, it is called as EMI Calculator.
##### EMI Calculation Formula :
• Formula for EMI Calculation is as well as P x R x (1+R)^N / [(1+R)^N-1]
• Where likewise,
• P = Principal loan amount.
• N = Loan tenure in months.
• R = Monthly interest rate.
• R = Annual Rate of interest/12/100.
##### How to Calculate ?
• Enter the Loan Amount , Interest Rate and Loan Tenure.
• Either use the slide to increase the amount or decrease the amount that you needed.
• When you finally enter the details of the amount and then you will finally get the result.
• Finally the result will be , Total EMI , Total Interest and Total Payments.