| Period | Opening Balance | EMI Paid | Principal Paid | Interest Paid | Closing Balance | Loan Paid |
|---|
โก Prepayment & Part-Payment Simulator
Simulate making extra lump-sum or recurring monthly payments to reduce overall tenure or lower future monthly installments.
๐ Floating-Rate Change Simulator
Model interest rate increases or cuts during your loan tenure and see the recalculated EMI or tenure impact.
โ๏ธ Side-by-Side Loan Scenario Comparison
Compare different lender quotes or evaluate 15-year vs. 20-year vs. 30-year loan choices.
๐ How is EMI Calculated?
EMI is computed using the standard reducing-balance formula: EMI = P ร r ร (1+r)^n / ((1+r)^n - 1), where interest is charged only on the outstanding principal balance each month.
โณ Why Are Early EMIs Interest-Heavy?
Since the outstanding principal balance is highest at the beginning of the loan, the interest portion dominates initial monthly payments. Over time, principal payments accelerate.
๐ก The Power of Prepayment
Even small additional monthly payments or occasional lump-sum prepayments directly reduce the principal balance, saving significant interest and shaving years off your loan tenure.
๐ Privacy First & 100% In-Browser
All calculations, graphs, and PDF reports run entirely inside your browser. No financial data or loan figures are ever sent to any remote server.