Emi Calculator for Home Loan | Bajaj Finserv
19/03/2021 Financial & Legal Services
Price: Check with seller
Description
Home loan calculator helps you know the amount of EMIs that you will need to pay towards your home loan and helps make an informed decision. The EMI calculator for home loan also functions as a home loan interest calculator, as you will be able to know the interest amount due on your home loan.
Look at the mathematical formula for calculating home loan emi-
The mathematical formula for calculating EMIs is = [P x R x (1+R)^N]/[(1+R)^N-1]
• ‘P’ represents the loan amount or principal
• ‘N’ is the number of monthly installments
• ‘R’ is the interest rate per month.
For more information about the home loan EMI calculator, you can also visit Bajaj Finserv’s official website.
*T&C Apply*
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Rashi Gupta
Individual
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