What is EMI? Easy Loan EMI Formula & Calculator

EMI (Equated Monthly Installment) ek fixed monthly payment hai jo aap apna loan chukane ke liye karte ho.

What is EMI?

Jab aap bank ya financial institution se loan lete ho, to usko monthly chukane ka tareeqa EMI ke form me hota hai. Isme principal + interest dono shamil hote hain.

EMI Formula

EMI = [P × r × (1 + r)^n] ÷ [(1 + r)^n – 1]

P = Loan Amount
r = Monthly Interest Rate
n = Number of Months

Example

Agar loan amount Rs. 1,00,000 hai, annual interest 12% (monthly = 1%), aur tenure 12 months hai to:

EMI = [100000 × 0.01 × (1.01)^12] ÷ [(1.01)^12 – 1] ≈ Rs. 8,885

Why EMI is Important?

EMI se aapko loan repayment ki clear picture milti hai. Is se:

Monthly budget plan karna easy ho jata hai
Over borrowing avoid hota hai
Loan tenure aur total interest samajhne me madad milti hai

Calculate Your EMI Instantly

Apna EMI abhi check karne ke liye hamara free calculator use karo:

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