आज के समय में Personal Loan सबसे आसान फाइनेंशियल सॉल्यूशन बन चुका है। चाहे शादी हो, घर का रेनोवेशन, मेडिकल इमरजेंसी या कोई और बड़ा खर्च – लोग Personal Loan लेना पसंद करते हैं। लेकिन, लोन लेने से पहले सबसे ज़रूरी है यह समझना कि ₹10 लाख के Personal Loan पर आपकी EMI कितनी होगी? … Read more
What is EMI? EMI (Equated Monthly Installment) is the fixed monthly amount you pay to the bank or lender. It includes both the principal (the amount borrowed) and the interest (the cost of borrowing). Formula used for EMI calculation: EMI=P×R×(1+R)N(1+R)N−1EMI = \frac{P \times R \times (1+R)^N}{(1+R)^N-1}EMI=(1+R)N−1P×R×(1+R)N Where: Factors Affecting EMI on a ₹10 Lakh Personal … Read more
What is a Personal Loan EMI? EMI (Equated Monthly Installment) is the fixed monthly amount you pay to the bank or lender until the loan is fully repaid. It includes both principal (loan amount) and interest (lender’s charge). The formula used for EMI calculation is: EMI = [P x R x (1+R)^N] / [(1+R)^N – … Read more