EMI & Loan Amortization Calculator
Calculate monthly loan EMI, total interest payable, and generate a complete monthly amortization schedule.
Analyzing transactions with institutional-grade precision...
Calculation & Analysis Results
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Calculation Methodology & Formula
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1). P = Principal, r = Monthly Interest Rate (Annual Rate / 12 / 100), n = Tenure in Months.
Arithmetic is calculated using institutional-grade fixed-point precision with exact 2-decimal financial rounding. Standard binary floating-point drift is strictly prevented across all transaction volumes.
Supported Inputs & Limitations
Supported: Principal Amount, Annual Interest Rate (%), and Loan Tenure (Years or Months).
Limitations: Uses standard reducing-balance math. Lender-specific processing fees and statutory GST are displayed separately.
Identify Existing EMIs from Your Bank Statements
Trade Cost Pro automatically flags recurring loan debits, calculates your total active EMI burden, and checks for payment bounces.
Frequently Asked Questions
What is the difference between flat interest and reducing balance EMI?
Under reducing balance, interest is charged only on the outstanding principal, making it substantially cheaper over time than a flat interest loan.
Can I export the amortization schedule to Excel?
Yes. You can export the complete month-by-month principal and interest breakdown to CSV or Excel with one click.
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