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CALCULATION OF REDUCING INTEREST RATE
Please Put The Values :-
CalculatedActual
Principal Rs.650,000Total Interest Paid754,226.62754,180.00Rate of Interest Annual12.00%Total Amount Paid1,404,226.621,404,180.00Tenure (Year)15.0Annual Rate of interest Flat 7.74%7.74%Date of EMI of LoanAugust-06Nos. of EMI180DifferenceCalculated EMI7,801.090.09Date of Completion Aug-21
Rounded up EMI
7,801
Principal & Interest CalculationMonthPrincipalInterestMonthPrincipalInterestMonthPrincipal
Aug-06 650,000.00 6,500.00 Aug-07 633,500.06 6,335.00 Aug-08 614,907.52Sep-06 648,699.00 6,486.99 Sep-07 632,034.06 6,320.34 Sep-08 613,255.60Oct-06 647,384.99 6,473.85 Oct-07 630,553.40 6,305.53 Oct-08 611,587.15Nov-06 646,057.84 6,460.58 Nov-07 629,057.94 6,290.58 Nov-08 609,902.02Dec-06 644,717.42 6,447.17 Dec-07 627,547.52 6,275.48 Dec-08 608,200.05Jan-07 643,363.59 6,433.64 Jan-08 626,021.99 6,260.22 Jan-09 606,481.05Feb-07 641,996.23 6,419.96 Feb-08 624,481.21 6,244.81 Feb-09 604,744.86Mar-07 640,615.19 6,406.15 Mar-08 622,925.03 6,229.25 Mar-09 602,991.30Apr-07 639,220.34 6,392.20 Apr-08 621,353.28 6,213.53 Apr-09 601,220.22May-07 637,811.55 6,378.12 May-08 619,765.81 6,197.66 May-09 599,431.42Jun-07 636,388.66 6,363.89 Jun-08 618,162.47 6,181.62 Jun-09 597,624.73Jul-07 634,951.55 6,349.52 Jul-08 616,543.09 6,165.43 Jul-09 595,799.98
15,048.4577,112.0618,408.4675,019.4620,743.11MonthPrincipalInterestMonthPrincipalInterestMonthPrincipal
Aug-09 593,956.98 5,939.57 Aug-10 570,349.39 5,703.49 Aug-11 543,747.76Sep-09 592,095.55 5,920.96 Sep-10 568,251.88 5,682.52 Sep-11 541,384.24Oct-09 590,215.51 5,902.16 Oct-10 566,133.40 5,661.33 Oct-11 538,997.08Nov-09 588,316.66 5,883.17 Nov-10 563,993.73 5,639.94 Nov-11 536,586.05Dec-09 586,398.83 5,863.99 Dec-10 561,832.67 5,618.33 Dec-11 534,150.91Jan-10 584,461.82 5,844.62 Jan-11 559,650.00 5,596.50 Jan-12 531,691.42Feb-10 582,505.43 5,825.05 Feb-11 557,445.50 5,574.45 Feb-12 529,207.33Mar-10 580,529.49 5,805.29 Mar-11 555,218.95 5,552.19 Mar-12 526,698.41Apr-10 578,533.78 5,785.34 Apr-11 552,970.14 5,529.70 Apr-12 524,164.39May-10 576,518.12 5,765.18 May-11 550,698.84 5,506.99 May-12 521,605.04Jun-10 574,482.30 5,744.82 Jun-11 548,404.83 5,484.05 Jun-12 519,020.09Jul-10 572,426.13 5,724.26 Jul-11 546,087.88 5,460.88 Jul-12 516,409.29
23,373.8670,004.4126,338.2567,010.3729,678.59MonthPrincipalInterestMonthPrincipalInterestMonthPrincipal
Aug-12 513,772.38 5,137.72 Aug-13 479,995.37 4,799.95 Aug-14 441,934.59Sep-12 511,109.10 5,111.09 Sep-13 476,994.32 4,769.94 Sep-14 438,552.94Oct-12 508,419.19 5,084.19 Oct-13 473,963.27 4,739.63 Oct-14 435,137.47Nov-12 505,702.39 5,057.02 Nov-13 470,901.90 4,709.02 Nov-14 431,687.84Dec-12 502,958.41 5,029.58 Dec-13 467,809.92 4,678.10 Dec-14 428,203.72Jan-13 500,186.99 5,001.87 Jan-14 464,687.02 4,646.87 Jan-15 424,684.76Feb-13 497,387.86 4,973.88 Feb-14 461,532.89 4,615.33 Feb-15 421,130.61Mar-13 494,560.74 4,945.61 Mar-14 458,347.22 4,583.47 Mar-15 417,540.91Apr-13 491,705.35 4,917.05 Apr-14 455,129.69 4,551.30 Apr-15 413,915.32May-13 488,821.40 4,888.21 May-14 451,879.99 4,518.80 May-15 410,253.47Jun-13 485,908.62 4,859.09 Jun-14 448,597.79 4,485.98 Jun-15 406,555.01Jul-13 482,966.70 4,829.67 Jul-14 445,282.76 4,452.83 Jul-15 402,819.56
33,442.5859,834.9937,683.9455,551.2242,463.21
Total End of  Year 
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Year2
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Year3
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Year5
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Year6
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Total End of  Year 
7
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Year9
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MonthPrincipalInterestMonthPrincipalInterestMonthPrincipal
Aug-15 399,046.75 3,990.47 Aug-16 350,719.67 3,507.20 Aug-17 296,263.49Sep-15 395,236.22 3,952.36 Sep-16 346,425.86 3,464.26 Sep-17 291,425.13Oct-15 391,387.58 3,913.88 Oct-16 342,089.12 3,420.89 Oct-17 286,538.38Nov-15 387,500.46 3,875.00 Nov-16 337,709.01 3,377.09 Nov-17 281,602.76Dec-15 383,574.46 3,835.74 Dec-16 333,285.10 3,332.85 Dec-17 276,617.79Jan-16 379,609.21 3,796.09 Jan-17 328,816.95 3,288.17 Jan-18 271,582.97Feb-16 375,604.30 3,756.04 Feb-17 324,304.12 3,243.04 Feb-18 266,497.80Mar-16 371,559.34 3,715.59 Mar-17 319,746.16 3,197.46 Mar-18 261,361.77Apr-16 367,473.94 3,674.74 Apr-17 315,142.62 3,151.43 Apr-18 256,174.39May-16 363,347.68 3,633.48 May-17 310,493.05 3,104.93 May-18 250,935.14Jun-16 359,180.15 3,591.80 Jun-17 305,796.98 3,057.97 Jun-18 245,643.49Jul-16 354,970.96 3,549.71 Jul-17 301,053.95 3,010.54 Jul-18 240,298.92
47,848.6045,284.9153,917.0039,155.8360,755.03MonthPrincipalInterestMonthPrincipalInterestMonthPrincipal
Aug-18 234,900.91 2,349.01 Aug-19 165,756.02 1,657.56 Aug-20 87,841.83Sep-18 229,448.92 2,294.49 Sep-19 159,612.58 1,596.13 Sep-20 80,919.24Oct-18 223,942.41 2,239.42 Oct-19 153,407.71 1,534.08 Oct-20 73,927.44Nov-18 218,380.83 2,183.81 Nov-19 147,140.78 1,471.41 Nov-20 66,865.71Dec-18 212,763.64 2,127.64 Dec-19 140,811.19 1,408.11 Dec-20 59,733.37Jan-19 207,090.28 2,070.90 Jan-20 134,418.30 1,344.18 Jan-21 52,529.70Feb-19 201,360.18 2,013.60 Feb-20 127,961.49 1,279.61 Feb-21 45,254.00Mar-19 195,572.78 1,955.73 Mar-20 121,440.10 1,214.40 Mar-21 37,905.54Apr-19 189,727.51 1,897.28 Apr-20 114,853.50 1,148.54 Apr-21 30,483.60May-19 183,823.79 1,838.24 May-20 108,201.04 1,082.01 May-21 22,987.43Jun-19 177,861.02 1,778.61 Jun-20 101,482.05 1,014.82 Jun-21 15,416.31Jul-19 171,838.63 1,718.39 Jul-20 94,695.87 946.96 Jul-21 7,769.47
68,460.2924,467.1177,142.7715,697.8186,926.40MonthPrincipalInterestMonthPrincipalInterestMonthPrincipal
Aug-21 46.16 0.46 Aug-22 0.00 0.00 Aug-23 0.00Sep-21 0.00 0.00 Sep-22 0.00 0.00 Sep-23 0.00Oct-21 0.00 0.00 Oct-22 0.00 0.00 Oct-23 0.00Nov-21 0.00 0.00 Nov-22 0.00 0.00 Nov-23 0.00Dec-21 0.00 0.00 Dec-22 0.00 0.00 Dec-23 0.00Jan-22 0.00 0.00 Jan-23 0.00 0.00 Jan-24 0.00Feb-22 0.00 0.00 Feb-23 0.00 0.00 Feb-24 0.00Mar-22 0.00 0.00 Mar-23 0.00 0.00 Mar-24 0.00Apr-22 0.00 0.00 Apr-23 0.00 0.00 Apr-24 0.00May-22 0.00 0.00 May-23 0.00 0.00 May-24 0.00Jun-22 0.00 0.00 Jun-23 0.00 0.00 Jun-24 0.00Jul-22 0.00 0.00 Jul-23 0.00 0.00 Jul-24 0.00
7,769.470.460.000.000.00MonthPrincipalInterestMonthPrincipalInterest
Aug-24 0.00 0.00 Aug-25 0.00 0.00Sep-24 0.00 0.00 Sep-25 0.00 0.00Oct-24 0.00 0.00 Oct-25 0.00 0.00Nov-24 0.00 0.00 Nov-25 0.00 0.00Dec-24 0.00 0.00 Dec-25 0.00 0.00Jan-25 0.00 0.00 Jan-26 0.00 0.00Feb-25 0.00 0.00 Feb-26 0.00 0.00Mar-25 0.00 0.00 Mar-26 0.00 0.00Apr-25 0.00 0.00 Apr-26 0.00 0.00May-25 0.00 0.00 May-26 0.00 0.00Jun-25 0.00 0.00 Jun-26 0.00 0.00Jul-25 0.00 0.00 Jul-26 0.00 0.00
0.000.000.000.00
Total End of  Year 
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Year11
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Year12
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Total End of  Year 
13
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Year14
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Year15
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Total End of  Year 
16
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 Year17
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Year18
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Total End of  Year 
19
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Year20
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Year 
 
 
Difference
46.6246.62Interest
6,149.086,132.566,115.876,099.026,082.006,064.816,047.456,029.916,012.205,994.315,976.255,958.00
72,661.46Interest
5,437.485,413.845,389.975,365.865,341.515,316.915,292.075,266.985,241.645,216.055,190.205,164.09
63,636.62Interest
4,419.354,385.534,351.374,316.884,282.044,246.854,211.314,175.414,139.154,102.534,065.554,028.20
50,724.16ear ear ear 
of 00

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