Estimate a fixed-rate monthly loan payment and schedule.
Inputs and results
Input: Principal, positive annual rate, months/years and optional fee.
Output: EMI, repayment/interest totals and amortization.
How it works
1
Principal, positive annual rate, months/years and optional fee.
2
Choose months/years, calculate and inspect the schedule.
Examples
science Example to try
100,000 at 12% over 12 months gives EMI about 8,885 before fees.
Limitations
Assumes equal payments and a constant rate. Excludes insurance, penalties and resets. For zero interest, use principal divided by months.
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