EMI Calculator

  EMI calculator is an accessible online calculator that helps in calculating monthly EMIs within a few clicks. Moreover, this online EMI calculator can be your best friend if you indulge in some loan and EMI processing. Undeniably, we all make mistakes while calculating monthly EMIs, and here, the ability of an EMI calculator came to light. It's easier to find an EMI calculator as now it's easily available on the websites of banks, online lenders, NBFCs, or financial institutions. In case you require more clarity on the ability of an EMI online calculator, whether it makes correct calculations or not.  Then, don’t worry; you can even cross-check your answers via manual calculations. Hence, everything you need to do is to follow the EMI formula, which is EMI Amount = [P x R x (1+R) ^N]/[(1+R) ^N-1]. In this formula, R stands for ‘Rate of Interest,' P stands for ‘Principal Amount,’ and N stands for ‘Loan Tenure.’ Now without wasting a moment, let’s look at what we can expec