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EMI – LAM Calculator

By   /   April 30, 2013  /   No Comments

EMI CALCI  IMAGE

EMI stands for equated monthly installment. I am sure you must have heard this term various a times. Say you purchased a TV from a shop worth Rs.20,000. Since you were not having sufficient money, you agreed upon to pay the amount in 2 years or say 24 equal monthly installment. Also it was decided that you will pay interest @ 12% pa.

 

Now the question is how to calculate the EMI.  All you need to do is:

 

Enter:

The Loan Amount

Rate of Interest

Time period for which loan is taken

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About the author

Hi My name is Hari Om Tripathi. I am an engineer by chance & a Personal Financial Planner by choice. Currently residing in Kanpur & writing full time for Financial Kundali. In case you have any query about Personal Financial Planning such a buying a MF or ULIP, going for a life insurance plan or a term plan, to surrender your policy or not or any other questions related to your Personal Financial Planning, write to me at financialkundali@gmail.com

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