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Loan EMI Calculator

The monthly instalment on a loan, what the interest costs, and a year-by-year table.

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About the Loan EMI Calculator

Enter the amount, the yearly rate and the length, and see the equal monthly instalment banks quote, the total interest, and where each year's payments go between interest and principal. Numbers can be typed with commas, lakh grouping or Bangla digits, and the working is shown so you can check the figure rather than take it on trust.

How to use it

  1. 1Type the loan amount, the yearly interest rate and the length in years.
  2. 2Read the monthly instalment and the total interest.
  3. 3Look down the yearly table to see the balance fall.

Questions

Is this the figure my bank will quote?

It is the standard reducing-balance instalment, which is what most banks quote for a personal, car or home loan. A bank may add processing fees or insurance on top, and those are not part of this calculation.

Why is so much of the early payment interest?

Interest is charged on what is still owed, and at the start that is almost the whole loan. As the balance falls the interest share falls with it, which is what the yearly table shows.

Are my figures saved or sent anywhere?

No. The calculation happens in this browser tab as you type. Nothing you enter is sent to KuponGuru or stored.

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