Financial Tools

Housing Loan

This tool calculates the monthly installment or the EMI for a Loan.
The EMI (Equated Monthly Installment) is fixed for the tenure of a loan. It has two components: principal and interest. In the beginning the interest component is higher which decreases with time. The principal component increases with time.
The EMI depends on the Loan Amount,  The Interest Rate, and the Tenure of the Loan 
Loan Amount    (Rs)  
Interest Rate    (%)

Tenure   (Years)