How to calculate EMI for a loan at a Nationalized Bank?

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Abhishek Sawant

Abhishek S ( M.Pharm.MBA) tutor for IB/International/IGCSE

There are online softwares, which actually calculate for you, once you provide interest rate.
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Hindi, Sanskrit, Music teacher and bhajan writer & composer.

The EMI formula is A=P*r(1+r)n%(1+r)n-1 P=principle A=periodic payment R=interest rate in%divided by 12 N=total number of months.
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"Master Math: Transforming Numbers into Knowledge for Classes 6-10!"

In order to get motivated, you need to know exactly what it is that you want, to possess a strong desire, and to be willing to do whatever it takes to accomplish your goal.
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Headstart to assured 95+ score in math

Loan is calculated using the interest rate. Now use this and calculate the total interest on depreciating value of your loan (principle ) amount. :)
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B. Tech (Aero Mech)*, B.Sc ( Maths)

Calculate the Amount by compound interest formula and divide it with number of months........
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Trainer

http://www.emi-calculator.com/ http://www.hdfc.com/emi-calculator
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Shruti Kaura has a proven track record of 10+ years for providing individual training

It is always on compounding basis and also depends upon your ROI as well which could be either fixed or floating.
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Coaching

Pls. find the useful web link: http://emicalculator.net/
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Trainer

If you know the bank's ROI, this is the best EMI Calculator ! http://www.bankbazaar.com/finance-tools/emi-calculator.html
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Online Mathematics Teacher and Home tutor

Plz check in particular bank website .
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