Year-wise Amortization Schedule

How EMI Works

EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.

• Principal — The original loan amount you borrow.
• Interest — The cost of borrowing, calculated as a percentage of the principal.
• Tenure — The time period over which you repay the loan.
• Amortization — Shows how each EMI is split between principal & interest over time.

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