Calculate your Equated Monthly Installment easily
| Year | Opening Balance | EMI Paid | Principal Paid | Interest Paid | Closing Balance |
|---|
| Month | Opening Balance | EMI | Principal | Interest | Closing Balance |
|---|
P = Principal loan amount
R = Monthly interest rate
N = Number of monthly installments
Excellent calculator! Helped me plan my home loan perfectly. The yearly breakdown chart is particularly useful for understanding how much interest I'll pay over time.
Very user-friendly interface. I compared different loan amounts and tenures easily. The histogram showing principal vs interest breakdown is amazing!
Perfect tool for financial planning! The payment schedule table helped me understand exactly when my loan will be paid off. Highly recommended for anyone taking a loan.