Edu loan EMI calculation
How to calculate Education loan EMI and understanding interest rates?
Symbol | Description | Comment |
P | Principal loan amount | Amount you have received from the bank |
R | Rate of interest |
|
n | Number of monthly installments | For 2 years, 2 * 12 = 24 |
in Indian Rupees
in US Dollars
P = 3,00,000 INR
R = 9.0% per annum = 0.75% per month = 0.75/100 points = 0.0075
n = 24 (say, 2 years)
EMI =
= 13,705 INR (approx.)
P = 3,00,000 USD
R = 9.0% per annum = 0.75% per month = 0.75/100 points = 0.0075
n = 24 (say, 2 years)
EMI =
= 13,705 USD (approx.)

EMI is in the green box.
Last modified 2yr ago