## Loan EMI Calculator

Want to know how much your loan EMI is going to be? Use this Simple Formula on www.formuladirectory.com to know it in seconds!

The basic details that you need to find the EMI is the Annual rate of interest, the total amount of the loan and the number of months for which you have taken the loan.

## $$\{L*\frac{I}{1200}\}*\frac{(1+\frac{I}{1200}{)}^{N}}{(1+\frac{I}{1200}{)}^{N}-1}$$

L = Loan Amount, I = Interest Rate Per Month, N = Number of months

ENTER THE VARIABLES TO BE USED IN THE FORMULA