Home Loan EMI Calculator
EMI Formula:
EMI = [P × r × (1 + r)n] / [(1 + r)n − 1]
Where:
P = Loan Amount, r = Monthly Interest Rate (annual rate / 12 / 100), n = Loan Tenure in months
P = Loan Amount, r = Monthly Interest Rate (annual rate / 12 / 100), n = Loan Tenure in months
Disclaimer: This calculator provides an approximate EMI. Actual EMI may vary depending on bank policies and additional charges. Always confirm with your lender before making financial decisions.