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How to calculate EMI for a loan at a Nationalized Bank?

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There are online softwares, which actually calculate for you, once you provide interest rate.
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Hindi, Sanskrit, Music teacher and bhajan writer & composer.

The EMI formula is A=P*r(1+r)n%(1+r)n-1 P=principle A=periodic payment R=interest rate in%divided by 12 N=total number of months.
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B. Tech (Aero Mech)*, B.Sc ( Maths)

Calculate the Amount by compound interest formula and divide it with number of months........
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Trainer

http://www.emi-calculator.com/ http://www.hdfc.com/emi-calculator
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Tutor

You can use EMI calculator at State Bank of India website.
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Shruti Kaura has a proven track record of 10+ years for providing individual training

It is always on compounding basis and also depends upon your ROI as well which could be either fixed or floating.
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B.Tech, Spoken English, EEC, MATLAB, CET Coaching Tutor with 20 years of experience

Pls. see: http://emicalculator.net/ -
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B Tech ( NIT Jamshedpur)

Type EMI calculator in google, u ll get lots of options.
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Trainer

If you know the bank's ROI, this is the best EMI Calculator ! http://www.bankbazaar.com/finance-tools/emi-calculator.html
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Online Mathematics Teacher and Home tutor

Plz check in particular bank website .
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