Loan EMI Calculator is a tool that helps you find out your montly installment. This tool can be used to calculate home
loan emi, car loan emi, personal loan emi. The formula to calculate EMI is P x R x (1+R)^N / [(1+R)^N-1] - where, “P” is the principal loan amount, “N” in tenure in months, and “R” is the prevailing interest rate.