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EMI calculator with monthly schedule
Estimate a fixed-rate equated monthly instalment and see the principal and interest in each payment.
EMI means equated monthly instalment. This estimate uses an annual rate divided by 12 and monthly reducing balance. It rounds interest and principal payments to two decimals; the last payment may differ. Fees, insurance, floating-rate changes and daily interest calculations are excluded.
| Month | Payment | Principal | Interest | Remaining balance |
|---|