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Formula For EMI
by Pravin on Sep 11, 2006 05:17 PM   Permalink | Hide replies


Dear Rediff
Thanks for the information provided regarding EMI.

Can I get further information, How to calculate EMI if I know Amount of loan, Interest rate & total years after which the loan will be paid to the bank?

Is there any simple mathematical formula to calculate EMI.

Thanks.

Pravin.

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  RE:Formula For EMI
by Prakash Haran on Sep 12, 2006 12:27 PM   Permalink
Try using the PMT formulae availabel in microsoft Excel.

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Taking a loan? Questions to ask