| Guidelines for using this CALCULATOR |
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| [1] How can i calculate EMI(Equated Monthly Installment)? |
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| Step 1 : Put the loan amount you have taken from a Housing Finance Company? |
| Step 2 : Put the interest rate fixed by your Housing Finance Company? |
Step 3 : Put the total number of installments
For example: If you have taken certain amount of loan for 3 years= 3X 12 = 36 months
then total number of installments will be 36. It is assumed that you have to pay 12 installments per year.
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| Step 4 : Put the total number of installments per year(Generally it is 12) |
| Step 5 : Click on the "Calculate" button for (monthly installment) |