Loan Calculator.
With the help of loan calculator tool, you can calculate loan installment in a very easy way.
Your investment:
Monthly EMI:
Principal amount:
Total interest:
Total amount:
VIP CAlCULATOR
VIP CAlCULATOR
With the help of loan calculator tool, you can calculate loan installment in a very easy way.
Monthly EMI:
Principal amount:
Total interest:
Total amount:
Where does a loan go, to buy something, to do some important work, to increase business, whether it is financial help taken from a bank or any financial institution for any personal work.
In return, the customer returns the entire loan amount along with interest as EMI to the bank or finance company. To calculate this loan, we have made this loan calculator, with the help of this you can easily calculate the loan.
A loan calculator work on the following formula.
E = [P x R x (1+R) ^N] / [(1+R) ^N-1]
In the above formula
| E | EMI or loan amount . |
| P | Principal amount. |
| R | Rate of interest. |
| N | Loan tenure. |
For example, If a x person avails a loan of $1000,000 at an annual interest rate of 6% for a tenure of 96 months (8 years), then his EMI will be calculated as under.
If rate of interest is 6% p.a. then r = 6/12/100 = 0.005.
EMI= 1000,000 * 0.005 * (1 + 0.005)120 / ((1 + 0.005)120 - 1) = 13,141.
The total amount payable will be $13,141 * 96 = $1,261,577. Principal loan amount is $1000,000 and the Interest amount will be $261,577.
Some of the features of the loan calculator tool are as follows: