EMICalculator.site

Use this monthly loan calculator to find repayment and interest amount with full amortization schedule for loans with monthly payments.

Download App: Calculate loan repayments with this all-in-one calculator for Android and iPhone/ iPad.

Sample calculation for a loan of 10000 with 12 monthly payments at 9% per year.

Monthly payment: **874.51**, Total interest: **494.18**

Sl. | Interest | Principal | Balance |
---|---|---|---|

1 | 75 | 799.51 | 9200.49 |

2 | 69 | 805.51 | 8394.97 |

3 | 62.96 | 811.55 | 7583.42 |

4 | 56.88 | 817.63 | 6765.78 |

5 | 50.74 | 823.77 | 5942.01 |

6 | 44.57 | 829.94 | 5112.06 |

7 | 38.34 | 836.17 | 4275.89 |

8 | 32.07 | 842.44 | 3433.44 |

9 | 25.75 | 848.76 | 2584.68 |

10 | 19.39 | 855.12 | 1729.55 |

11 | 12.97 | 861.54 | 868.01 |

12 | 6.51 | 868 | 0 |

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Disclaimer:- The content of this website does not constitute financial advice and is solely meant for information purpose. The calculations are accurate as per the prescribed formula.