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.