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What is EMI Calculator and Amortization Sheet about?
This document contains an EMI calculator showing the amortization schedule for a home loan of Rs. 500,000 with an interest rate of 14.25% over 30 years. It shows the principal outstanding, interest payable, repayment amount and EMI each month. The EMI is Rs. 44,952 and remains constant through the tenure of the loan. It also shows the pre-closing amount which is the amount that would be left to pay if the loan was closed on that particular month.
- Author
- nirckuma
- Language
- EN