The document is a home loan EMI calculator that shows the breakdown of principal and interest payments over the 10-year loan period. It calculates that for a Rs. 1,600,000 loan at 12% interest rate, the borrower would pay a monthly EMI of Rs. 22,495, with total repayment of Rs. 2,699,433, and total interest paid of Rs. 1,099,433. The amortization schedule shows the principal balance decreasing each month as a higher portion of the EMI goes toward principal repayment in later years of the loan.
The document is a home loan EMI calculator that shows the breakdown of principal and interest payments over the 10-year loan period. It calculates that for a Rs. 1,600,000 loan at 12% interest rate, the borrower would pay a monthly EMI of Rs. 22,495, with total repayment of Rs. 2,699,433, and total interest paid of Rs. 1,099,433. The amortization schedule shows the principal balance decreasing each month as a higher portion of the EMI goes toward principal repayment in later years of the loan.
The document is a home loan EMI calculator that shows the breakdown of principal and interest payments over the 10-year loan period. It calculates that for a Rs. 1,600,000 loan at 12% interest rate, the borrower would pay a monthly EMI of Rs. 22,495, with total repayment of Rs. 2,699,433, and total interest paid of Rs. 1,099,433. The amortization schedule shows the principal balance decreasing each month as a higher portion of the EMI goes toward principal repayment in later years of the loan.