what is the process of calculating bank’s loan EMI?

2 Replies to “what is the process of calculating bank’s loan EMI?”

2. Hi Manjari,

   The formula for calculating EMI is

   EMI = (principal x period interest) ((1 + period interest) ^n) /(m x ((1 + period interest)^n – 1))

   Where n is number of period.

   To understand the formula better you will have to read http://blog.moneyraam.com/2008/04/loan-emis-and-interest-calculations.html

   Regards,
   Ripul

   Reply

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4. Follow any of the following links: –
   http://www.deal4loans.com/Contents_Calculators.php
   http://www.propmart.com/tools/emicalc.asp
   http://www.infibeam.com/finance/LoanCalculator_input.action
   There are many such links.

   Reply

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