Mathematically, EMI is calculated as under: P x R x (1+R)^N / [ (1+R)^N-1] P = Principal amount of the loan. R = Rate of interest. N = Number of monthly instalments. So, say you are applying for a personal loan from Axis Bank, amounting to Rs 2,00,000 at a rate of interest of 15.5% p.a. and your loan tenure is 2 years, your EMI will be
Your Home Loan EMI amount can be calculated using our Home Loan EMI Calculator under the Checklist & Calculators Section on our website. Simply input the Loan Amount, Loan Tenure (In Years) and Interest Rate (% P.A.) to know the amount.
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