Loan Calculator (Mortgage)
🧮 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 a fixed-rate loan with equal monthly repayments and standard amortization.
⚠️ Note: These calculations are for informational purposes only. Actual EMIs and interest costs may vary based on your lender’s terms, processing fees, or prepayment options. Always confirm with your bank.