Loan EMI Calculator
| Month |
Payment Date |
Payment |
Principal |
Interest |
Balance |
About EMI:
- EMI (Equated Monthly Installment) is the fixed amount you pay monthly to repay your loan
- The EMI includes both principal and interest components
- Early in the loan term, a larger portion of the EMI goes towards interest
- Later in the loan term, a larger portion goes towards principal repayment