Welcome to taxcellent !! We Serves you better !! Welcome to taxcellent !! We Serves you better !!.
Service Image

What is EMI?

EMI stands for Equated Monthly Installment and represents the amount payable every month to the bank or any financial institution until your loan is fully paid off. It is usually calculated by adding the Principal amount (Loan amount borrowed) and the interest component and dividing by the borrowing tenure i.e. number of months.

The composition of an EMI can change from month to month. While the Principal repayment component of the EMI increases, the interest component decreases with the vintage of the loan.

The formula to calculate EMI:
E = P x r x ( 1 + r )n / ( ( 1 + r )n - 1 ) where E is EMI, P is Principal Loan Amount, r is monthly rate of interest (For eg. If rate of interest is 14% per annum, then r = 14/12/100=0.011667), n is loan duration in number of months.

    EMI Calculator

Loan Amount -: Rs.
Annual Rate of interest -: %.
Repayment perriod -: In years.
Loan Start Date-:

Our Mission

Keeping our client's business above the par

We make sure that our customers are happy with our services.We make sure that we can go an extra mile to make their full satisfaction.

Stay in Touch at

Taxcellent Legal Consultant Private Limited, Bareilly,UP,India.

Address: 204,Above Central Bank Of India 64, Near Office Outpost,Shyamganj, Bareilly, Uttar Pradesh 243005



Mon-Sat: 9am-6pm