APPLICATION

To find the Equated Monthly Installment (EMI) of loan

given interest and segregating it into interest and
repayment of principal (payment in advance)

You are required to: Input data in Yellow cells only

Fill in the values of
a) Loan amount,
b) Tenure of loan,
c) Interest rate

THE OUTPUT: Output is in Red

EMI and its segregation into interest and repayment o
principal on yearly basis

GO TO SHEET MARKED "EMI Advance"

 (EMI) of loan at
terest and
ance)

low cells only

d repayment of
 Determing the EMI for a loan with given tenure and interest r
segregating it into interest and principal repayment (payment i
Fill the particulars of loan:
Amount of loan Rs 20,000
Tenure of loan 3.00
Interest rate applicable 10.00%
Equated Monthly Installment (EMI) payable in advance

REPAYMENT FOR FIRST YEAR

Installment No. Amount of Principal Amount of interest
installment outstanding in the
beginning
1 640.01 20,000.00 0.00
2 640.01 19,359.99 161.33
3 640.01 18,881.31 157.34
4 640.01 18,398.65 153.32
5 640.01 17,911.96 149.27
6 640.01 17,421.21 145.18
7 640.01 16,926.38 141.05
8 640.01 16,427.42 136.90
9 640.01 15,924.31 132.70
10 640.01 15,417.00 128.48
11 640.01 14,905.47 124.21
12 640.01 14,389.67 119.91

Total amount paid during first year

Amount of interest in the first year
Amount of principal repaid during first year
For break-up of installments for subsequent years - Scroll
REPAYMENT FOR SECOND YEAR
Installment No. Amount of Principal Amount of interest
installment outstanding in the
beginning
1 640.01 13,869.57 115.58
2 640.01 13,345.14 111.21
3 640.01 12,816.34 106.80
4 640.01 12,283.13 102.36
5 640.01 11,745.48 97.88
6 640.01 11,203.35 93.36
7 640.01 10,656.70 88.81
8 640.01 10,105.50 84.21
9 640.01 9,549.70 79.58
10 640.01 8,989.27 74.91
11 640.01 8,424.17 70.20
12 640.01 7,854.36 65.45
Total amount paid during second year
Amount of interest in the second year
Amount of principal repaid during second year

For finding out the segregation of installment into interest and repayment of principal fo
principal outstanding at the end in the last column of the last row to the principal outst
highlighted yellow.
nure and interest rate and
yment (payment in advance)

years, 36 months

Rs 640.01

Figures in Rs
Principal repaid Principal
outstanding at the
end
640.01 19,359.99
478.68 18,881.31
482.67 18,398.65
486.69 17,911.96
490.74 17,421.21
494.83 16,926.38
498.96 16,427.42
503.12 15,924.31
507.31 15,417.00
511.54 14,905.47
515.80 14,389.67
520.10 13,869.57

Rs 7,680.12
Rs 1,549.69
Rs 6,130.43
ent years - Scroll down
Figures in Rs
Principal repaid Principal
outstanding at the
end
524.43 13,345.14
528.80 12,816.34
533.21 12,283.13
537.65 11,745.48
542.13 11,203.35
546.65 10,656.70
551.20 10,105.50
555.80 9,549.70
560.43 8,989.27
565.10 8,424.17
569.81 7,854.36
574.56 7,279.80
 Rs 7,680.12
Rs 1,090.36
Rs 6,589.77

ayment of principal for subsequent year fill the

to the principal outstanding in the beginning