Personal 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 for your personal loan. Actual EMI may vary depending on your lender, credit score, and additional charges. Always confirm with your financial institution before making decisions.