Interest Repayment Calculate is used to calculate Monthly Installment (EMI) for Home Loan / Housing Loan, Car Loan & Personal Loan in India (with interactive charts)
Suppose that if you take a loan of 10 lakh for 10 years.
Then how much you have to pay as an EMI
Loan Amount = Rs 10, 00,000
Rate of Interest = 12%
Loan Term = 10 years
If you calculate it you will get the following results
Your Monthly EMI = Rs 14,347
Here you have to Pay as an Interest = Rs 721,651(More than 70% of your Principal Amount)
Here you have to pay a very large amount of money as an Interest.