|Payment Number||EMI Amount||Interest Component||Principal Component||Loan Balance|
This EMI Calculator calculates EMI, gives a detailed payment timetable with interest and principal break up for each EMI and tells you the effective interest rate of loan which factors in the front end charges that you pay to the lender. The effective cost that this calculator shows is a good indicator of overall cost of loan and this can be used when comparing loan offers from different lends money.
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