Skylinee

EMI Calculator (Flat & Reducing)

Loan AmountAnnual Interest Rate (%)Tenure (months)

Flat Rate

Monthly EMI

9,166.67

Total Interest

10,000

Total Payable

110,000

Reducing (Declining) Rate

Monthly EMI

8,791.59

Total Interest

5,499.06

Total Payable

105,499.06

Amortization Schedules

Printable table below (controls hidden on print)

Flat Rate Schedule

12 months

M	Opening	EMI	Principal	Interest	Closing
1	100,000	9,166.67	8,333.33	833.33	91,666.67
2	91,666.67	9,166.67	8,333.33	833.33	83,333.33
3	83,333.33	9,166.67	8,333.33	833.33	75,000
4	75,000	9,166.67	8,333.33	833.33	66,666.67
5	66,666.67	9,166.67	8,333.33	833.33	58,333.33
6	58,333.33	9,166.67	8,333.33	833.33	50,000
7	50,000	9,166.67	8,333.33	833.33	41,666.67
8	41,666.67	9,166.67	8,333.33	833.33	33,333.33
9	33,333.33	9,166.67	8,333.33	833.33	25,000
10	25,000	9,166.67	8,333.33	833.33	16,666.67
11	16,666.67	9,166.67	8,333.33	833.33	8,333.33
12	8,333.33	9,166.67	8,333.33	833.33	0
Total		110,000	100,000	10,000

Reducing Rate Schedule

12 months

M	Opening	EMI	Principal	Interest	Closing
1	100,000	8,791.59	7,958.26	833.33	92,041.74
2	92,041.74	8,791.59	8,024.57	767.01	84,017.17
3	84,017.17	8,791.59	8,091.45	700.14	75,925.72
4	75,925.72	8,791.59	8,158.87	632.71	67,766.85
5	67,766.85	8,791.59	8,226.86	564.72	59,539.99
6	59,539.99	8,791.59	8,295.42	496.17	51,244.56
7	51,244.56	8,791.59	8,364.55	427.04	42,880.01
8	42,880.01	8,791.59	8,434.26	357.33	34,445.76
9	34,445.76	8,791.59	8,504.54	287.05	25,941.22
10	25,941.22	8,791.59	8,575.41	216.18	17,365.8
11	17,365.8	8,791.59	8,646.87	144.72	8,718.93
12	8,718.93	8,791.59	8,718.93	72.66	0
Total		105,499.06	100,000	5,499.06