EMI CALCULATION TEMPLATE

Enter values of P, R and N in green colour boxes.

Loan is fully repaid in the year when closing balance < 0.
EMI FORMULA =

(PxR/12)/(1-(1/(1+R))^N)

where

Enter figures here

P = Amount of Loan (Enter maximum 10 digit figure loan)

R = Rate of Interest / Year (Enter value in %)
N = No. of Years of Loan (Enter maximum period 30 years)
Rate of Interest / Year (R) in Decimals =
EMI AS BELOW
EMI / Month =
Year
01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

Opening
EMI paid in
Of which
Of which
Balance
Full Year
Interest amt. Principal amt
600000
155964
56550
99414
500586
155964
47180
108784
391802
155964
36927
119037
272765
155964
25708
130256
142509
155964
13431
142533
-24
155964
-2
155966
-155990
155964
-14702
170666
-326656
155964
-30787
186751
-513407
155964
-48389
204353
-717760
155964
-67649
223613
-941373
155964
-88724
244688
-1186061
155964
-111786
267750
-1453811
155964
-137022
292986
-1746797
155964
-164636
320600
-2067397
155964
-194852
350816
-2418213
155964
-227917
383881
-2802094
155964
-264097
420061
-3222155
155964
-303688
459652
-3681807
155964
-347010
502974
-4184781
155964
-394416
550380
-4735161
155964
-446289
602253
-5337414
155964
-503051
659015
-5996429
155964
-565163
721127
-6717556
155964
-633130
789094
-7506650
155964
-707502
863466
-8370116
155964
-788883
944847
-9314963
155964
-877935
1033899
-10348862
155964
-975380
1131344
-11480206
155964
-1082009
1237973
-12718179
155964
-1198688
1354652

600000
9.425
5
0.09425
12997
Closing
Balance
500586
391802
272765
142509
-24
-155990
-326656
-513407
-717760
-941373
-1186061
-1453811
-1746797
-2067397
-2418213
-2802094
-3222155
-3681807
-4184781
-4735161
-5337414
-5996429
-6717556
-7506650
-8370116
-9314963
-10348862
-11480206
-12718179
-14072831