Interest and Principal Detail in EMI
First of all , I explain EMI, emi means Equal Monthly Installment. This calculator is helpful for those who have borrowed loan on EMI basis from banks or other financial institutes. In general it is difficult to know how emi has been calculated. An amount which we are paying as emi including interest and principal is correct or not. All these problems regarding emi will be removed through below calculator. User can also download it with the help of "Save As Excel" button. To avail Loss of interest in Housing Loan while filing income tax return this emi calculator may be helpful if we are repaying installment of housing loan on emi basis. I mean to say you can easily calculate Principal and Interest separately yourself. This emi calculator can be used/named as :-
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