Powered By: BankBazaar.com

• BankBazaar’s EMI Calculator helps calculate the monthly instalments payable on any of your loans whether a personal loan, auto loan or home loan.

• Calculating EMIs can be a tedious and confusing process. However, Bank Bazaar has an exceptional and simple EMI Calculator which lets you know the precise amount of your monthly EMIs instantly.

• Help you arrive at EMIs in seconds - This calculator will help you calculate exactly how much money you need to pay towards your loan each month.

• Simplify calculations - Determine EMIs accurately with minimal effort to reduce stress and confusion caused by tedious manual calculations.

• Help plan your finances - Compare possible EMI by varying the key loan parameters of tenure, amount and interest rate to determine which loan plan is the most affordable to you.

• Be it a home loan, personal loan or car loan, now you can easily calculate your EMIs using this user-friendly tool offered by Bank Bazaar.

Using this Loan calculator is very easy. All you need are the following loan details.

• Loan amount - this is the amount you need to borrow

• Interest rate - the interest rate for the chosen loan scheme

• Tenure - the loan period• Processing Fee (if any) - the amount charged

by the lender to process the loan

• The mathematical formula for calculating EMI = [P x R x (1+R) ^n] / [(1+R)^ n-1].

P is the principal loan amountR rate of interest per month and N is the number of monthly instalments.

• Manual calculations are too complicated to perform accurately, which is why many borrowers are left confused after availing a loan.

• Understanding this pain-point led BankBazaar to develop one of the easiest and most user-friendly online Loan EMI Calculators.

Thank you for Checking through our slide show. For more information about EMI calculator go

through Bank Bazaar.

http://www.bankbazaar.com/finance-tools/emi-calculator.html