EMI (Equated Monthly Installment) and a sample breakdown for various loan tenures offered by Laxmi Finance

Understanding your EMI (Equated Monthly Installment) helps you plan your finances better. Your EMI depends on three key factors:

  • Loan Amount

  • Rate of Interest

  • Loan Tenure

Let’s break it down with a sample EMI calculation to help you estimate your monthly outflow.

EMI Formula:

EMI=P×R×(1+R)N(1+R)N−1\text{EMI} = \frac{P \times R \times (1+R)^N}{(1+R)^N - 1}

Where:

  • P = Principal loan amount

  • R = Monthly interest rate = Annual interest rate ÷ 12 ÷ 100

  • N = Number of monthly installments (loan tenure in months)

Need a personalized EMI plan?
📞 Contact us: [Phone Number]
📧 Email: [Email Address]
🖩 Or use our online EMI Calculator on: [Website URL]

We’re here to help you borrow smart and repay easy.

Would you like a customized EMI table for a specific loan amount or interest rate? I can create that too.

  • Rate of Interest 4% P.A Tenure 1 to 20 years.