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Personal Loan EMI Calculator
Monthly EMI
₹11,122.22
Total Payment
₹6,67,333.43
Total Interest
₹1,67,333.43
Outstanding Principal Over Time
Yearly Amortization Schedule
| Year | Opening Balance (₹) | Principal Paid (₹) | Interest Paid (₹) | Closing Balance (₹) |
|---|---|---|---|---|
| 1 | 4,29,185.29 | 77,645.07 | 55,821.57 | 4,22,354.93 |
| 2 | 3,42,559.14 | 87,492.41 | 45,974.23 | 3,34,862.51 |
| 3 | 2,44,946.63 | 98,588.64 | 34,878 | 2,36,273.87 |
| 4 | 1,34,954.4 | 1,11,092.15 | 22,374.49 | 1,25,181.73 |
| 5 | 11,012.41 | 1,25,181.41 | 8,285.23 | 0.31 |
How Personal Loan EMI Works?
EMI (Equated Monthly Installment) is the fixed payment you make every month to repay your personal loan. It consists of both principal and interest components.
- In the initial years, the interest component is higher, and the principal component is lower.
- As you keep paying EMIs, the principal component increases, and the interest component decreases.
The charts and table above help you visualize your repayment journey, showing how much you pay towards interest and principal each year.
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