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Reverse EMI Calculator
About Reverse EMI Calculator
A Reverse EMI Calculator helps you determine the maximum loan amount you can borrow based on the monthly payment (EMI) you can afford, the interest rate, and the loan tenure.
Reverse EMI Calculation Formula
P = EMI × [(1 + r)^n - 1] / [r × (1 + r)^n]
Where:
- P: Loan amount (principal)
- EMI: Equated Monthly Installment
- r: Monthly interest rate (annual rate / 12 / 100)
- n: Number of monthly installments (tenure in months)
Key Features
- Helps determine affordable loan amount based on your budget
- Calculates total interest payable over loan term
- Shows complete payment breakdown
- Useful for home loans, car loans, and personal loans
- Helps in financial planning and budgeting