Advanced EMI Calculator
Evaluate EMI, interest, prepayment impact, and loan behavior across scenarios
Loan Inputs
Principal amount to borrow
Annual interest rate
Month when prepayment is made
📚 Understanding EMI
EMI (Equated Monthly Installment) is a fixed payment you make every month to repay your loan.
Loan Types:
- Reducing Balance: Interest calculated on remaining principal (most common)
- Flat Interest: Interest calculated on original principal throughout
Prepayment Benefits:
Making prepayments reduces your outstanding principal, saving you interest and potentially shortening your loan tenure.
Monthly EMI
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Total Interest
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Total Payment
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Tenure Used
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Amortization Schedule
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| Month-by-month payment breakdown will appear here | ||||
📊 Visual breakdown of principal vs interest over time
💡 Detailed insights about your loan and prepayment impact will appear after calculation