EMI – Loan Amortization Schedule

Name: EMI - Loan Amortization Schedule | GplPixel
Price: 330.00 INR
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EMI – Loan Amortization Schedule

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Original price was: Rs1,260.00.Current price is: Rs330.00.

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Categories: Premium, Javascript, Scripts & Code Tags: amortization, calculator, colorful, components, emi, EMI - Loan Amortization Schedule, loan, modern, preview, react, Schedule, styled, table, ui

EMI - Loan Amortization Schedule refers to the detailed breakdown of loan payments over time, based on an Equated Monthly Installment (EMI). This schedule is used to calculate the monthly payments on a loan, which include both principal and interest components. The EMI is calculated in such a way that the total amount is repaid over a fixed term, and the payments remain the same throughout the duration of the loan, although the portions of principal and interest vary over time. Amortization Process: In the early stages of the loan, a larger portion of the EMI goes toward paying the interest, and a smaller portion goes toward reducing the principal. As time passes, the interest portion decreases, and the principal portion increases, while the total EMI remains constant. An EMI (Equated Monthly Installment) Loan Amortization Schedule is a detailed breakdown of the payments you will make over the life of a loan, specifying how much of each payment goes toward interest and how much goes toward reducing the principal. It helps you understand how your loan repayments will progress over time and allows you to track your balance as you repay the loan.

Key Components of the EMI Loan Amortization Schedule:

Principal Amount (Loan Amount): The total amount borrowed.
Interest Rate: The interest rate charged on the loan, usually annual, but is converted to a monthly rate for EMI calculations.
Loan Tenure: The duration over which the loan will be repaid, typically in months.
EMI Amount: The fixed amount that needs to be paid every month, which includes both interest and principal.
Interest Component: The portion of the EMI that is used to pay the interest on the loan.
Principal Component: The portion of the EMI that is used to reduce the loan principal.
Remaining Loan Balance: The outstanding amount of the loan after each EMI payment.

How EMI and Loan Amortization Works:

Each monthly EMI payment is divided into two parts:

Interest Payment: Based on the outstanding loan balance.
Principal Payment: Reduces the loan balance.

In the early stages of the loan, a larger portion of the EMI goes toward paying the interest, and as time progresses, the portion going toward the principal increases.

Key Components of an EMI Loan Amortization Schedule:

Principal Amount: The original amount of the loan borrowed.
Interest Rate: The interest rate applied to the loan, typically annual.
Loan Tenure: The duration over which the loan will be repaid, usually expressed in months.
EMI Amount: The fixed monthly installment that the borrower needs to pay.
Interest Component: The portion of the EMI that goes towards the interest of the loan.
Principal Component: The portion of the EMI that goes towards repaying the principal amount.
Outstanding Loan Balance: The remaining balance of the loan after each installment is deducted.

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Instant access to all plugins and all themes
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Regular Updates as of when available. Usually, updates are released daily.
Before purchasing, please read the Terms and Conditions & Refund Policy.
If you have any questions, please first read the FAQs.
If you haven’t found the answer to your question, please contact us, and we will respond ASAP.
Please note that any digital products on the website do not contain malicious code, viruses, or advertising. We buy the original files from the developers. We do not sell any products downloaded from other sites.