Reducing Balance EMI Calculator

Loan Amount (pv) $ 1,000.00

Interest Rate (rate) 14.49%
Number of EMIs (nper) 12

EMI Amount $90.02

Total Interest $80.21
Total Amount Payable $1,080.21

Starting Starting Payment Total Ending Ending

Month Loan Payable Payment on on Payment Loan Payable
Amount Amount Principal Interest (EMI) Amount Amount

1 $ 1,000.00 $1,080.21 $77.94 $12.08 $90.02 $ 922.06 $990.20

2 $922.06 $990.20 $78.88 $11.13 $90.02 $ 843.17 $900.18
3 $843.17 $900.18 $79.84 $10.18 $90.02 $ 763.34 $810.16
4 $763.34 $810.16 $80.80 $9.22 $90.02 $ 682.54 $720.14
5 $682.54 $720.14 $81.78 $8.24 $90.02 $ 600.76 $630.12
6 $600.76 $630.12 $82.76 $7.25 $90.02 $ 518.00 $540.11
7 $518.00 $540.11 $83.76 $6.25 $90.02 $ 434.23 $450.09
8 $434.23 $450.09 $84.77 $5.24 $90.02 $ 349.46 $360.07
9 $349.46 $360.07 $85.80 $4.22 $90.02 $ 263.66 $270.05
10 $263.66 $270.05 $86.83 $3.18 $90.02 $ 176.83 $180.04
11 $176.83 $180.04 $87.88 $2.14 $90.02 $ 88.94 $90.02
12 $88.94 $90.02 $88.94 $1.07 $90.02 $ - $0.00