What’s Mortgage EMI As well as how Will it be Computed?

What’s Mortgage EMI As well as how Will it be Computed? A Mortgage EMI (Equated Monthly Installment) is a fixed monthly payment comprising principal amount and interest, repaying a housing loan. The formula for EMI is: EMI = [P * r * (1 + r)^n] / [(1 + r)^n 1], where P is the loan amount, r is the monthly …