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    Interest Principal Month Principal EMI Charge Component: Traditional Home Loan

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    abhishek5810
    This document shows the amortization schedule for a traditional home loan of Rs. 2,000,000 over 24 months. It displays the principal amount outstanding, equal monthly installment (EMI) of Rs. 19,300, interest charge, and principal component for each month. Over the two years, the principal amount outstanding decreases each month as part of the EMI goes towards repaying the principal, while the other part pays interest charges on the outstanding loan amount.

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    Interest Principal Month Principal EMI Charge Component: Traditional Home Loan

    Uploaded by

    abhishek5810
    31 views1 page
    This document shows the amortization schedule for a traditional home loan of Rs. 2,000,000 over 24 months. It displays the principal amount outstanding, equal monthly installment (EMI) of Rs. 19,300, interest charge, and principal component for each month. Over the two years, the principal amount outstanding decreases each month as part of the EMI goes towards repaying the principal, while the other part pays interest charges on the outstanding loan amount.

    Original Description:

    Monthly calculation EMI sheet

    Original Title

    emi cal

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    This document shows the amortization schedule for a traditional home loan of Rs. 2,000,000 over 24 months. It displays the principal amount outstanding, equal monthly installment (EMI) of Rs. 19,300, interest charge, and principal component for each month. Over the two years, the principal amount outstanding decreases each month as part of the EMI goes towards repaying the principal, while the other part pays interest charges on the outstanding loan amount.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    31 views1 page

    Interest Principal Month Principal EMI Charge Component: Traditional Home Loan

    Uploaded by

    abhishek5810
    This document shows the amortization schedule for a traditional home loan of Rs. 2,000,000 over 24 months. It displays the principal amount outstanding, equal monthly installment (EMI) of Rs. 19,300, interest charge, and principal component for each month. Over the two years, the principal amount outstanding decreases each month as part of the EMI goes towards repaying the principal, while the other part pays interest charges on the outstanding loan amount.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 1

    Traditional Home Loan

    Interest Principal
    Month Principal EMI Charge Component
    1 2,000,000 19,300 16,667 2,634
    2 1,997,366 19,300 16,645 2,656
    3 1,994,711 19,300 16,623 2,678
    4 1,992,033 19,300 16,600 2,700
    5 1,989,333 19,300 16,578 2,723
    6 1,986,610 19,300 16,555 2,745
    7 1,983,865 19,300 16,532 2,768
    8 1,981,096 19,300 16,509 2,791
    9 1,978,305 19,300 16,486 2,815
    10 1,975,490 19,300 16,462 2,838
    11 1,972,652 19,300 16,439 2,862
    12 1,969,791 19,300 16,415 2,886
    13 1,966,905 19,300 16,391 2,910
    14 1,963,996 19,300 16,367 2,934
    15 1,961,062 19,300 16,342 2,958
    16 1,958,104 19,300 16,318 2,983
    17 1,955,121 19,300 16,293 3,008
    18 1,952,113 19,300 16,268 3,033
    19 1,949,080 19,300 16,242 3,058
    20 1,946,022 19,300 16,217 3,084
    21 1,942,938 19,300 16,191 3,109
    22 1,939,829 19,300 16,165 3,135
    23 1,936,694 19,300 16,139 3,161
    24 1,933,533 19,300 16,113 3,188

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