EMI Calculator
Loan EMI
Loan EMI
Monthly reducing-balance instalment, interest and schedule.
How this is calculated
Monthly reducing balance. Interest each month is charged on the opening balance. A base rate plus premium replaces the single interest rate when either is filled in. A part payment reduces the balance in that month and the same instalment continues. A one-time fee is added to the total, not to the EMI.
For reference only. Confirm the figure with the broker, bank or Inland Revenue Department before you rely on it.