EMI Calculator / Mortgage Calculator
🧮 Calculation Formula
EMI = [P × r × (1 + r)^n] ÷ [(1 + r)^n − 1] where: P = Principal Loan Amount r = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100) n = Total Number of Monthly Installments
💡 This formula assumes fixed-rate loans with equal monthly installments and standard amortization.
⚠️ Note: These results are for informational purposes only. Actual EMIs and interest may vary depending on your lender’s terms, processing fees, and prepayment options. Please verify with your bank.