📐 EMI Calculation Formula
Understand the mathematics behind your loan.
E = P x R x (1+R)ⁿ / ((1+R)ⁿ - 1)
- E = EMI (Equated Monthly Installment)
- P = Principal Loan Amount (मूल ઋણ)
- R = Monthly Interest Rate (Annual Rate / 12 / 100)
- n = Loan Tenure in Months (साल x 12)