Distribution of Homeloan emi in Principal and Interest?



How to calculate how much money would go towards Principal repayment and Interest toward the Homeloan ?
i.e taking 10 lac loan @ 10.5 % interest rate, how much I would be paying each month towards Principal repayment and towards Interest ?

3 Replies to “Distribution of Homeloan emi in Principal and Interest?”


  1. to calculate exact value you need to put in excel sheet and calculate. it is like this. for 10 lac loan at 10.5% interest, calculate interest for one month. it will be 8750. 1000000 * 10.5 / 1200. now from EMI take out the interest part, it will give your principal. there can some variation depending on how the interest and principal are set aside. some banks do on daily rest basis and some on monthly rest basis.

    thanks,
    srikanth
    http://indianstockmarketscomment.blogspot.com






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