# EMI Calculator

Find here the EMI calculator to calculate your loan monthly payment amount. There are a lot of loans available for customers from the banks. Before going to take over a loan, it is essential for the customers to know the monthly EMI (Equated monthly installment) for that loan in order to decide if they can go for the loan. In the loan EMI calculator, enter the principal amount, interest rate, duration and click calculate to know the monthly payment and total repayment amount.

## Loan EMI Calculator | Equated Monthly Installment Calculation

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Find here the EMI calculator to calculate your loan monthly payment amount. There are a lot of loans available for customers from the banks. Before going to take over a loan, it is essential for the customers to know the monthly EMI (Equated monthly installment) for that loan in order to decide if they can go for the loan. In the loan EMI calculator, enter the principal amount, interest rate, duration and click calculate to know the monthly payment and total repayment amount.

Code to add this calci to your website  #### Formula:

Monthly Loan EMI = Px r x (1 + r)n/((1+r)n - 1)
Where, n = Duration (Period or no.of year or months for loan repayment.) P = Prinicipal Amount r = Rate of Interest/1200

The above Loan EMI Calculator is applicable to all type of loans like auto loan, property loan, home loan, bike loan etc.,