Team-BHP - View Single Post - ARTICLE: How to get the lowest EMI & the best Finance Deal

tsk1979 · 30th October 2006, 10:57

http://www.bankofbaroda.com/calculators/calculators.asp
This link will help you to calculate your exact EMI based on tenure and rate of interest.
you can calculate using formula too
EMI = {(p*r) (1+r)^n}/{(1+r)^n - 1}

p = principal (amount of loan), r = rate of interest per instalment period, i.e., if interest is 12% p.a. r = 1, n = no. of instalments in the tenure,Y ou can also use `Calculate EMI function' in EXCEL spread sheet.

30th October 2006, 10:57	#3 (permalink)
tsk1979 Team-BHP Moderator Join Date: Feb 2005 Location: Noida, New Delhi Posts: 8,041	http://www.bankofbaroda.com/calculators/calculators.asp This link will help you to calculate your exact EMI based on tenure and rate of interest. you can calculate using formula too EMI = {(pr) (1+r)^n}/{(1+r)^n - 1} p = principal (amount of loan), r = rate of interest per instalment period, i.e., if interest is 12% p.a. r = 1, n = no. of instalments in the tenure,Y ou can also use `Calculate EMI function' in EXCEL spread sheet. __________________ .--- ..- ... - - .-- --- -- --- .-. . -.. .- -.-- ... - --- --. --- !! Last edited by tsk1979 : 30th October 2006 at 11:00.*