Calculate EMI in Excel Using PMT Function – Simple & Quick #excel #exceltutorial

Hey Folks,

Want to calculate your loan EMI easily in Excel?

Learn how to use the PMT function to calculate monthly EMI based on loan amount, interest rate, and tenure.

Perfect for home loans, personal loans, car loans, and more!

In this Excel tutorial, learn how to calculate EMI (Equated Monthly Installment) using the powerful PMT function.

This method is widely used for loan calculations across banks and finance professionals.

📌 Formula:

=PMT(rate/12, tenure_in_months, -loan_amount)

✔️ Rate = Annual interest rate
✔️ Tenure = Total months
✔️ Loan amount = Principal (entered as a negative value)

This formula auto-calculates your monthly EMI.

Topics Covered:

What is PMT function

EMI formula in Excel

Financial planning in Excel

Monthly repayment calculation
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