amortization schedule extra payments excel

The use of any information set out is entirely at the User's own risk. Herein or on its completeness / accuracy. Axis Bank’s Home loan EMIĬalculator is an automatic tool that makes loan planning easier for you.Īxis Bank does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated To know how much will the EMI be on your home loan, use Axis Bank's EMI calculator. Remember, the interest rate and your loan tenure are the vital deciding factors for your loan EMI. This is because EMIs are computed on a reducing balance method, which works in your favour as a borrower. Repay the loan, a higher portion is adjusted towards the principal component. During the initial years of your loan tenure, you pay more towards interest. The EMI, usually, remains fixed for the entire tenure of your loan and it is to be repaid over the tenure of the loan on a monthly basis. Therefore, EMI = principal amount + interest paid on the loan. Of your loan consists of the principal portion and the interest. After all, availing a home loan is an important financial decision.

That said, before you avail of a home loan, as a prudent loan planning exercise, always assess how much the EMI will be. With an Equated Monthly Instalment (EMI) facility, repayments become comfortable.

Buying a house is a financial goal and to accomplish it, a home loan can come to your aid.

Amortization schedule extra payments excel