EMI Calculators help you calculate monthly EMI or Equated Monthly Instalments you have to pay for you loan. Before you get a loan, you can calculate the EMI using the loan amount, interest rate, and loan tenure. EMI calculator on Credit Nation allows you to do multiple other things. You can use EMI Calculator to calculate EMIs for Home Loan, Personal Loan, & Car Loan. Your EMIs stay fixed for the full tenure of your loan. But, the components of your EMI, principal repayment & Interest payments, change with the tenure.
It is always wise to check all the aspects and know as much as you can, before you actually take a step. EMI calculator gives you a precise idea of what you’ll be paying as EMI and following is a formula of calculating EMIs:
EMI= [ (P x R) x (1+R)^N ] / [ (1+R)^N-1 ]
P- Loan Amount or Principal
R- Rate of Interest
N- Tenure of Payment
You can use this formula to calculate your EMIs or you can choose an easier way to calculate, by filling your details below.
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