Tool
EMI
Equated monthly instalment on a reducing-balance loan, with the year-wise split between principal and interest by financial year.
Figures not yet verified. The rates and thresholds in this tool have been entered but not yet checked by a partner against the current statute. Treat every result as indicative only.
Reducing balance
| Financial year | Instalments | Principal repaid | Interest paid | Closing balance |
|---|
Standard reducing-balance formula. The year-wise split is by Indian financial year from the first instalment month, which is the split needed for interest deduction claims and for the loan account in the books.
Preliminary computation only; not professional advice. See the disclaimer.