How to calculate EMI for any Loan/Deposit?

You can calculate EMI using the PMT formula via Excel or via a Financial Calculator.

The EMI Calculation is termed as challenging but by learning some simple formula you can calculate the EMI in less than a minute. By knowing the formula, you can calculate EMI for any type of loan like Personal Loan, Home Loan, Car Loan, Credit Card, Education Loan. You can also use the same to calculate how much amount you need to save for your future goals.

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