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EMI Calculator

The document is an EMI calculator showing the amortization schedule for a loan. It calculates that for a Rs. 375,000 loan over 5 years at 10.5% interest, the monthly EMI would be Rs. 8,060. Over the 5 year term, each monthly payment would go towards paying off both interest and principal until the full amount is repaid at the end of the 5th year.

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arunasagar_2011
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© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLSX, PDF, TXT or read online on Scribd
191 views

EMI Calculator

The document is an EMI calculator showing the amortization schedule for a loan. It calculates that for a Rs. 375,000 loan over 5 years at 10.5% interest, the monthly EMI would be Rs. 8,060. Over the 5 year term, each monthly payment would go towards paying off both interest and principal until the full amount is repaid at the end of the 5th year.

Uploaded by

arunasagar_2011
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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EMI Calculator

Loan Amount

375000

Loan Term (Years)

Payments Per Year

12

Rate of Interest

10.50%

Monthly Installment

8060

8060

Values are rounded to "0" --- Calculator is good for "20" years
Monthly
Installment

S.No

Interest

Principal

Balance
375000

8060

3281

4779

370221

8060

3239

4821

365400

8060

3197

4863

360537

8060

3155

4906

355632

8060

3112

4948

350683

8060

3068

4992

345692

8060

3025

5035

340656

8060

2981

5079

335577

8060

2936

5124

330453

10

8060

2891

5169

325284

11

8060

2846

5214

320070

12

8060

2801

5260

314810

13

8060

2755

5306

309505

14

8060

2708

5352

304153

15

8060

2661

5399

298754

16

8060

2614

5446

293308

17

8060

2566

5494

287814

18

8060

2518

5542

282272

19

8060

2470

5590

276682

20

8060

2421

5639

271043

21

8060

2372

5689

265354

22

8060

2322

5738

259616

23

8060

2272

5789

253827

24

8060

2221

5839

247988

25

8060

2170

5890

242098

26

8060

2118

5942

236156

27

8060

2066

5994

230162

28

8060

2014

6046

224116

29

8060

1961

6099

218016

30

8060

1908

6153

211864

31

8060

1854

6206

205657

32

8060

1800

6261

199397

33

8060

1745

6315

193081

34

8060

1689

6371

186710

35

8060

1634

6426

180284

36

8060

1577

6483

173801

37

8060

1521

6539

167262

38

8060

1464

6597

160665

39

8060

1406

6654

154011

40

8060

1348

6713

147298

41

8060

1289

6771

140527

42

8060

1230

6831

133696

43

8060

1170

6890

126806

44

8060

1110

6951

119855

45

8060

1049

7011

112844

46

8060

987

7073

105771

47

8060

925

7135

98636

48

8060

863

7197

91439

49

8060

800

7260

84179

50

8060

737

7324

76855

51

8060

672

7388

69467

52

8060

608

7452

62015

53

8060

543

7518

54497

54

8060

477

7583

46914

55

8060

410

7650

39264

56

8060

344

7717

31548

57

8060

276

7784

23764

58

8060

208

7852

15911

59

8060

139

7921

7990

60

8060

70

7990

61

62

63

64

65

66

67

68

69

70

71

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E = Pr(1 + r)n/((1 + r)n - 1)

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