EMI Calculator

Enter Loan Information:
Loan Amount (लोन की राशि)
Annual Interest Rate (सालाना ब्याज दर):
Time Period in Years (समय- वर्षों मे)
Payment Information:
Monthly EMI (महीने की किश्त)
Total Payment Payable (कुल देय राशि)
Total Interest (कुल ब्याज देय)

What is the formula to calculate EMI ?

The mathematical formula for calculating EMI is:
 EMI = [P x R x (1+R)^N]/[(1+R)^N-1],
where P stands for the loan amount or principal, R is the interest rate per month [if the interest rate per year is 11%, then the rate of interest will be 11/(12 x 100)], and N is the number of monthly installments.