How it’s calculated
Max EMI = income × ratio. With APR r and n months, max principal P = EMI × (1 − (1+r/12)−n)/(r/12). Educational estimate.
Estimate maximum EMI and principal from monthly income, EMI ratio, annual rate, and term. Shareable URL. Educational only.
Max EMI = income × ratio. With APR r and n months, max principal P = EMI × (1 − (1+r/12)−n)/(r/12). Educational estimate.