Formula for EMI Calculation is ; P x R x (1+R)^N / [(1+R)^N 1] where; P = Principal loan amount ; N = Loan tenure in months ; R = Monthly interest rate.
Formula for EMI Calculation is ; P x R x (1+R)^N / [(1+R)^N 1] where; P = Principal loan amount ; N = Loan tenure in months ; R = Monthly interest rate.