Let this simple calculation speak about your EMIs !!!
Hey today am planning to give you some gyan about EMIs, which become a part of our fast life
In house finance, equated monthly installment (EMI) refers to the monthly payment towards interest and principal made by a borrower to a lender.EMI is calculated using a formula (feeling like back to school or collegeJ) that considers loan amount, interest rate and loan period as variable
So here is the Formula for calculating EMI:
what do you think about the math’s done here 
.. simply simple isn’t it
check your answers with our EMI Calculator right at your computer screen.
courtesy: Times Property 9th july
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Excellent read, I just passed this onto a colleague who was doing a little research on that. And he actually bought me lunch because I found it for him smile So let me rephrase that
It would be great if you can show how the break-up of EMI is done between the principle amount & the interest. Initially the EMI consist almost 90% of interest & 10% of principle amount. How do the bank’s do this calculation ?
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