EMI
₹ 5,510
Principal Amt.
₹ 3,00,000
Interest Payable
₹ 4,93,415
In order to calculate EMI you will have to enter the total loan amount which you want to borrow, time
duration of the loan, and the interest rate. The basic formula to calculate EMI is -
The above variables stands for -
EMI = [4,00,000 x1.66/100 x (1+1.66/100) ^ 36 / [(1+1.66/100) ^ 36 -1)
EMI = Rs. 14,865
= 14, 865 + 1,35,156
= 5,35, 156