Uploaded on Jan 29, 2020
This PPT is all about to calculate EMI for home loan, personal loan and car loan. It describes how to perfectly use our calculator to calculate your EMI. To know more about this please visit at https://emicalculatorpro.com/.
Calculate your EMI for Home Loan, Car Loan & Personal Loan
CALCULAT YOUR EMI
Calculate EMI For -
• Home Loan
• Personal Loan
• Car Loan
Aspects of an EMI
The graph shows an example that
the EMI to be paid by the Customer.
EMI depends on rate of interest,
loan tenure and Loan amount.
How To Make Use Of EMI Calculator?
Loan Amount (willing to avail)
Loan Interest Rate (in percentage)
Loan Tenure (in years)
MATHEMATICAL FORMULA TO CALCULATE EMI
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
E - stands for EMI
P - is referred to as the principal loan amount
R - stands for a monthly rate of interest
N - is the number of months or loan tenure
https://emicalculatorpro.com/
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