Financial Audits
53 Points
Joined November 2015
There is only one formula of calculating the EMI. The formula that has been set with three factors- loan amount, interest rate and the loan tenure.
If you are trying to find the easiest method of calculating the EMI, then an emi calculator might of useful for you. You can always use a loan emi calculator present on the websites of most of the lenders. This calculator also works on the basis of basic three factors, but it is much easier to use. This provides the most accurate figure of your EMI. You can use this home loan emi calculator for emi calculation even before you apply for a loan.