The Loan Calculator is a free tool that takes your principal, rate of interest, and loan tenure into consideration to calculate your EMI.It is very easy to use. Just enter the loan amount, loan tenure (in years) and rate of interest. The calculator will calculate your EMI for the loan amount.Calculate Equated Monthly Installment (EMI) for Home Loan, Car Loan & Personal Loan.
Here E=EMI, P=principal loan amount, r=rate of interest and n=loan tenure in year.
You can change the above information as per your requirement.