Equated Monthly Installment, i.e., EMI is the sum of amount
payable at regular interval mostly monthly to the financial institution until
the loan amount is fully paid off. It consists of the interest on loan as well
as part of the principal amount.
I have created a Loan EMI Calculator to help my readers to
calculate the term. It can also help you to change the ROI as and when reduce
by your bank. We can also see the effect of down payment or increase in EMI.
- Enter your Loan Amount in cell D4
- Enter your ROI in E column
- Enter your EMI in G column
You can download it from Google Drive.
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