Loan EMI & Prepayment Amortization Calculator

Calculate monthly loan installments and analyze how prepaying extra principal reduces interest charges and tenure.

Mathematical Methodology & Formula

EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]

Frequently Asked Questions

How does prepayment save interest?

Prepayments go 100% towards principal reduction, decreasing the interest charged in subsequent months.