Calculate your EMI for Home Loan, Car Loan & Personal Loan


NikkiPatel

Uploaded on Jan 29, 2020

Category Business

This PPT is all about to calculate EMI for home loan, personal loan and car loan. It describes how to perfectly use our calculator to calculate your EMI. To know more about this please visit at https://emicalculatorpro.com/.

Category Business

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Calculate your EMI for Home Loan, Car Loan & Personal Loan

CALCULAT YOUR EMI Calculate EMI For - • Home Loan • Personal Loan • Car Loan Aspects of an EMI The graph shows an example that the EMI to be paid by the Customer. EMI depends on rate of interest, loan tenure and Loan amount. How To Make Use Of EMI Calculator? Loan Amount (willing to avail) Loan Interest Rate (in percentage) Loan Tenure (in years) MATHEMATICAL FORMULA TO CALCULATE EMI EMI = [P x R x (1+R)^N]/[(1+R)^N-1] E - stands for EMI P - is referred to as the principal loan amount R - stands for a monthly rate of interest N - is the number of months or loan tenure https://emicalculatorpro.com/