BANK A

Loan amount ₹ 4,000,000.00

Interest rate 9%
Time period 5
EMI/month ₹ 83,033.42

Months Loan Interest Interest Component

1 ₹ 4,000,000.00 ₹ 360,000.00 ₹ 30,000.00
2 ₹ 3,946,966.58 ₹ 355,226.99 ₹ 29,602.25
3 ₹ 3,893,535.41 ₹ 350,418.19 ₹ 29,201.52
4 ₹ 3,839,703.50 ₹ 345,573.32 ₹ 28,797.78
5 ₹ 3,785,467.86 ₹ 340,692.11 ₹ 28,391.01
6 ₹ 3,730,825.45 ₹ 335,774.29 ₹ 27,981.19
7 ₹ 3,675,773.22 ₹ 330,819.59 ₹ 27,568.30
8 ₹ 3,620,308.09 ₹ 325,827.73 ₹ 27,152.31
9 ₹ 3,564,426.98 ₹ 320,798.43 ₹ 26,733.20
10 ₹ 3,508,126.76 ₹ 315,731.41 ₹ 26,310.95
11 ₹ 3,451,404.29 ₹ 310,626.39 ₹ 25,885.53
12 ₹ 3,394,256.41 ₹ 305,483.08 ₹ 25,456.92

BANK B
Loan Amount ₹ 3,336,679.91
Interest rate 8%
Time period 4
EMI/month ₹ 81,458.11

Months Loan Interest Interest Component

1 ₹ 3,336,679.91 ₹ 266,934.39 ₹ 22,244.53
2 ₹ 3,277,466.33 ₹ 262,197.31 ₹ 21,849.78
3 ₹ 3,217,858.00 ₹ 257,428.64 ₹ 21,452.39
4 ₹ 3,157,852.28 ₹ 252,628.18 ₹ 21,052.35
5 ₹ 3,097,446.52 ₹ 247,795.72 ₹ 20,649.64
6 ₹ 3,036,638.06 ₹ 242,931.04 ₹ 20,244.25
7 ₹ 2,975,424.20 ₹ 238,033.94 ₹ 19,836.16
8 ₹ 2,913,802.26 ₹ 233,104.18 ₹ 19,425.35
9 ₹ 2,851,769.50 ₹ 228,141.56 ₹ 19,011.80
10 ₹ 2,789,323.19 ₹ 223,145.86 ₹ 18,595.49
11 ₹ 2,726,460.57 ₹ 218,116.85 ₹ 18,176.40
12 ₹ 2,663,178.86 ₹ 213,054.31 ₹ 17,754.53
13 ₹ 2,599,475.28 ₹ 207,958.02 ₹ 17,329.84
14 ₹ 2,535,347.01 ₹ 202,827.76 ₹ 16,902.31
15 ₹ 2,470,791.22 ₹ 197,663.30 ₹ 16,471.94
16 ₹ 2,405,805.05 ₹ 192,464.40 ₹ 16,038.70
17 ₹ 2,340,385.64 ₹ 187,230.85 ₹ 15,602.57
18 ₹ 2,274,530.11 ₹ 181,962.41 ₹ 15,163.53
19 ₹ 2,208,235.53 ₹ 176,658.84 ₹ 14,721.57
20 ₹ 2,141,499.00 ₹ 171,319.92 ₹ 14,276.66
21 ₹ 2,074,317.55 ₹ 165,945.40 ₹ 13,828.78
22 ₹ 2,006,688.23 ₹ 160,535.06 ₹ 13,377.92
23 ₹ 1,938,608.04 ₹ 155,088.64 ₹ 12,924.05
24 ₹ 1,870,073.99 ₹ 149,605.92 ₹ 12,467.16
25 ₹ 1,801,083.04 ₹ 144,086.64 ₹ 12,007.22
26 ₹ 1,731,632.15 ₹ 138,530.57 ₹ 11,544.21
27 ₹ 1,661,718.26 ₹ 132,937.46 ₹ 11,078.12
28 ₹ 1,591,338.27 ₹ 127,307.06 ₹ 10,608.92
29 ₹ 1,520,489.09 ₹ 121,639.13 ₹ 10,136.59
30 ₹ 1,449,167.57 ₹ 115,933.41 ₹ 9,661.12
31 ₹ 1,377,370.58 ₹ 110,189.65 ₹ 9,182.47
32 ₹ 1,305,094.94 ₹ 104,407.60 ₹ 8,700.63
33 ₹ 1,232,337.47 ₹ 98,587.00 ₹ 8,215.58
34 ₹ 1,159,094.95 ₹ 92,727.60 ₹ 7,727.30
35 ₹ 1,085,364.14 ₹ 86,829.13 ₹ 7,235.76
36 ₹ 1,011,141.79 ₹ 80,891.34 ₹ 6,740.95
37 ₹ 936,424.63 ₹ 74,913.97 ₹ 6,242.83
38 ₹ 861,209.35 ₹ 68,896.75 ₹ 5,741.40
39 ₹ 785,492.64 ₹ 62,839.41 ₹ 5,236.62
40 ₹ 709,271.15 ₹ 56,741.69 ₹ 4,728.47
41 ₹ 632,541.52 ₹ 50,603.32 ₹ 4,216.94
42 ₹ 555,300.35 ₹ 44,424.03 ₹ 3,702.00
43 ₹ 477,544.25 ₹ 38,203.54 ₹ 3,183.63
44 ₹ 399,269.77 ₹ 31,941.58 ₹ 2,661.80
45 ₹ 320,473.46 ₹ 25,637.88 ₹ 2,136.49
46 ₹ 241,151.84 ₹ 19,292.15 ₹ 1,607.68
47 ₹ 161,301.41 ₹ 12,904.11 ₹ 1,075.34
48 ₹ 80,918.65 ₹ 6,473.49 ₹ 539.46
Principle Component Remaining Amount
₹ 53,033.42 ₹ 3,946,966.58
₹ 53,431.17 ₹ 3,893,535.41
₹ 53,831.91 ₹ 3,839,703.50
₹ 54,235.64 ₹ 3,785,467.86
₹ 54,642.41 ₹ 3,730,825.45
₹ 55,052.23 ₹ 3,675,773.22
₹ 55,465.12 ₹ 3,620,308.09
₹ 55,881.11 ₹ 3,564,426.98
₹ 56,300.22 ₹ 3,508,126.76
₹ 56,722.47 ₹ 3,451,404.29
₹ 57,147.89 ₹ 3,394,256.41
₹ 57,576.50 ₹ 3,336,679.91

Principle Component Remaining Amount

₹ 59,213.57 ₹ 3,277,466.33
₹ 59,608.33 ₹ 3,217,858.00
₹ 60,005.72 ₹ 3,157,852.28
₹ 60,405.76 ₹ 3,097,446.52
₹ 60,808.46 ₹ 3,036,638.06
₹ 61,213.85 ₹ 2,975,424.20
₹ 61,621.95 ₹ 2,913,802.26
₹ 62,032.76 ₹ 2,851,769.50
₹ 62,446.31 ₹ 2,789,323.19
₹ 62,862.62 ₹ 2,726,460.57
₹ 63,281.70 ₹ 2,663,178.86
₹ 63,703.58 ₹ 2,599,475.28
₹ 64,128.27 ₹ 2,535,347.01
₹ 64,555.79 ₹ 2,470,791.22
₹ 64,986.17 ₹ 2,405,805.05
₹ 65,419.41 ₹ 2,340,385.64
₹ 65,855.54 ₹ 2,274,530.11
₹ 66,294.57 ₹ 2,208,235.53
₹ 66,736.54 ₹ 2,141,499.00
₹ 67,181.45 ₹ 2,074,317.55
₹ 67,629.32 ₹ 2,006,688.23
₹ 68,080.19 ₹ 1,938,608.04
₹ 68,534.05 ₹ 1,870,073.99
₹ 68,990.95 ₹ 1,801,083.04
₹ 69,450.89 ₹ 1,731,632.15
₹ 69,913.89 ₹ 1,661,718.26
₹ 70,379.99 ₹ 1,591,338.27
₹ 70,849.19 ₹ 1,520,489.09
₹ 71,321.51 ₹ 1,449,167.57
₹ 71,796.99 ₹ 1,377,370.58
₹ 72,275.64 ₹ 1,305,094.94
₹ 72,757.47 ₹ 1,232,337.47
₹ 73,242.52 ₹ 1,159,094.95
₹ 73,730.81 ₹ 1,085,364.14
₹ 74,222.35 ₹ 1,011,141.79
₹ 74,717.16 ₹ 936,424.63
₹ 75,215.28 ₹ 861,209.35
₹ 75,716.71 ₹ 785,492.64
₹ 76,221.49 ₹ 709,271.15
₹ 76,729.63 ₹ 632,541.52
₹ 77,241.16 ₹ 555,300.35
₹ 77,756.11 ₹ 477,544.25
₹ 78,274.48 ₹ 399,269.77
₹ 78,796.31 ₹ 320,473.46
₹ 79,321.62 ₹ 241,151.84
₹ 79,850.43 ₹ 161,301.41
₹ 80,382.76 ₹ 80,918.65
₹ 80,918.65 ₹ 0.00