![]() ![]() In this situation, your EMI will come down or you may opt to shorten the loan tenure. Optimistic (deflationary) scenario: Assume that the rate of interest comes down by 1% – 3% from the present rate. Such calculation will help you decide how much EMI is affordable, how long your loan tenure should be and how much you should borrow. Possibilities of increase and decrease in the rate of interest and calculate how much would be your EMI under these two conditions. ![]() As a borrower, you should consider the two extreme But interest rate is decided by the banks & HFCs based on rates and policies set by Loan amount and loan tenure, twoĬomponents required to calculate the EMI are under your control i.e., you are going to decide how much loan you have to borrow and how long your We suggest that you calculate floating / variable rate EMI by taking intoĬonsideration two opposite scenarios, i.e., optimistic (deflationary) and pessimistic (inflationary) scenario. The payment schedule also shows the intermediate outstanding balance for each year which willīe carried over to the next year. Passage of time, larger portions pay down the principal. ![]() During initial loan period, a large portion of each payment is devoted to interest. The remaining amount is applied towards the principal balance. A portion of each payment is for the interest while The payment schedule table showing payments made every month / year for the entire loanĭuration is displayed along with a chart showing interest and principal components paid each year. In the sum total of all payments made against the loan. It displays the percentage of total interest versus principal amount total interest payable) is also displayed. In the input fields), EMI calculator will re-calculate your monthly payment (EMI) amount.Ī pie chart depicting the break-up of total As soon as the values are changed using the slider (or hit the 'tab' key after entering the values directly If you need to enter more precise values, you can type the values directly Use the slider to adjust the values in the EMI calculator form.
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