How are EMI's - Equated Monthly Installment calculated?
Check here the formula of How are the generally EMI Calculated by Bank on Loan process.
How are EMI's - Equated Monthly Installment calculated? - LoansMumbai
www.loansmumbai.com The EMI consists of 2 parts. Principal Amount and the Interest on the outstanding Principal Amount. It is calculated by taking into account 3 factors Loan Amount The time frame for repaying the loan. The interest rate on the borrowed sum. The EMI...