CALCULATION OF REDUCING INTEREST RATE

Please Put The Values :- Calculated Actual

Principal Rs. 650,000 Total Interest Paid 754,226.62 754,180.00
Rate of Interest Annual 12.00% Total Amount Paid 1,404,226.62 1,404,180.00
Tenure (Year) 15.0 Annual Rate of interest Flat 7.74% 7.74%
Date of EMI of Loan August-06
Nos. of EMI 180 Difference
Calculated EMI 7,801.09 0.09
Date of Completion Aug-21 Rounded up EMI 7,801
Principal & Interest Calculation
Month Principal Interest Month Principal Interest Month Principal
Aug-06 650,000.00 6,500.00 Aug-07 633,500.06 6,335.00 Aug-08 614,907.52
Sep-06 648,699.00 6,486.99 Sep-07 632,034.06 6,320.34 Sep-08 613,255.60
Oct-06 647,384.99 6,473.85 Oct-07 630,553.40 6,305.53 Oct-08 611,587.15
Nov-06 646,057.84 6,460.58 Nov-07 629,057.94 6,290.58 Nov-08 609,902.02
Dec-06 644,717.42 6,447.17 Dec-07 627,547.52 6,275.48 Dec-08 608,200.05
Jan-07 643,363.59 6,433.64 Jan-08 626,021.99 6,260.22 Jan-09 606,481.05
Feb-07 641,996.23 6,419.96 Feb-08 624,481.21 6,244.81 Feb-09 604,744.86
Mar-07 640,615.19 6,406.15 Mar-08 622,925.03 6,229.25 Mar-09 602,991.30
Apr-07 639,220.34 6,392.20 Apr-08 621,353.28 6,213.53 Apr-09 601,220.22
May-07 637,811.55 6,378.12 May-08 619,765.81 6,197.66 May-09 599,431.42
Jun-07 636,388.66 6,363.89 Jun-08 618,162.47 6,181.62 Jun-09 597,624.73
Jul-07 634,951.55 6,349.52 Jul-08 616,543.09 6,165.43 Jul-09 595,799.98
Total End of 15,048.45 77,112.06 18,408.46 75,019.46 20,743.11
Year 1st Year 2nd Year 3rd Year

Month Principal Interest Month Principal Interest Month Principal

Aug-09 593,956.98 5,939.57 Aug-10 570,349.39 5,703.49 Aug-11 543,747.76
Sep-09 592,095.55 5,920.96 Sep-10 568,251.88 5,682.52 Sep-11 541,384.24
Oct-09 590,215.51 5,902.16 Oct-10 566,133.40 5,661.33 Oct-11 538,997.08
Nov-09 588,316.66 5,883.17 Nov-10 563,993.73 5,639.94 Nov-11 536,586.05
Dec-09 586,398.83 5,863.99 Dec-10 561,832.67 5,618.33 Dec-11 534,150.91
Jan-10 584,461.82 5,844.62 Jan-11 559,650.00 5,596.50 Jan-12 531,691.42
Feb-10 582,505.43 5,825.05 Feb-11 557,445.50 5,574.45 Feb-12 529,207.33
Mar-10 580,529.49 5,805.29 Mar-11 555,218.95 5,552.19 Mar-12 526,698.41
Apr-10 578,533.78 5,785.34 Apr-11 552,970.14 5,529.70 Apr-12 524,164.39
May-10 576,518.12 5,765.18 May-11 550,698.84 5,506.99 May-12 521,605.04
Jun-10 574,482.30 5,744.82 Jun-11 548,404.83 5,484.05 Jun-12 519,020.09
Jul-10 572,426.13 5,724.26 Jul-11 546,087.88 5,460.88 Jul-12 516,409.29
Total End of 23,373.86 70,004.41 26,338.25 67,010.37 29,678.59
Year 4th Year 5th Year 6th Year

Month Principal Interest Month Principal Interest Month Principal

Aug-12 513,772.38 5,137.72 Aug-13 479,995.37 4,799.95 Aug-14 441,934.59
Sep-12 511,109.10 5,111.09 Sep-13 476,994.32 4,769.94 Sep-14 438,552.94
Oct-12 508,419.19 5,084.19 Oct-13 473,963.27 4,739.63 Oct-14 435,137.47
Nov-12 505,702.39 5,057.02 Nov-13 470,901.90 4,709.02 Nov-14 431,687.84
Dec-12 502,958.41 5,029.58 Dec-13 467,809.92 4,678.10 Dec-14 428,203.72
Jan-13 500,186.99 5,001.87 Jan-14 464,687.02 4,646.87 Jan-15 424,684.76
Feb-13 497,387.86 4,973.88 Feb-14 461,532.89 4,615.33 Feb-15 421,130.61
Mar-13 494,560.74 4,945.61 Mar-14 458,347.22 4,583.47 Mar-15 417,540.91
Apr-13 491,705.35 4,917.05 Apr-14 455,129.69 4,551.30 Apr-15 413,915.32
May-13 488,821.40 4,888.21 May-14 451,879.99 4,518.80 May-15 410,253.47
Jun-13 485,908.62 4,859.09 Jun-14 448,597.79 4,485.98 Jun-15 406,555.01
Jul-13 482,966.70 4,829.67 Jul-14 445,282.76 4,452.83 Jul-15 402,819.56
Total End of 33,442.58 59,834.99 37,683.94 55,551.22 42,463.21
Year 7th Year 8th Year 9th Year

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 Month Principal Interest Month Principal Interest Month Principal
Aug-15 399,046.75 3,990.47 Aug-16 350,719.67 3,507.20 Aug-17 296,263.49
Sep-15 395,236.22 3,952.36 Sep-16 346,425.86 3,464.26 Sep-17 291,425.13
Oct-15 391,387.58 3,913.88 Oct-16 342,089.12 3,420.89 Oct-17 286,538.38
Nov-15 387,500.46 3,875.00 Nov-16 337,709.01 3,377.09 Nov-17 281,602.76
Dec-15 383,574.46 3,835.74 Dec-16 333,285.10 3,332.85 Dec-17 276,617.79
Jan-16 379,609.21 3,796.09 Jan-17 328,816.95 3,288.17 Jan-18 271,582.97
Feb-16 375,604.30 3,756.04 Feb-17 324,304.12 3,243.04 Feb-18 266,497.80
Mar-16 371,559.34 3,715.59 Mar-17 319,746.16 3,197.46 Mar-18 261,361.77
Apr-16 367,473.94 3,674.74 Apr-17 315,142.62 3,151.43 Apr-18 256,174.39
May-16 363,347.68 3,633.48 May-17 310,493.05 3,104.93 May-18 250,935.14
Jun-16 359,180.15 3,591.80 Jun-17 305,796.98 3,057.97 Jun-18 245,643.49
Jul-16 354,970.96 3,549.71 Jul-17 301,053.95 3,010.54 Jul-18 240,298.92
Total End of 47,848.60 45,284.91 53,917.00 39,155.83 60,755.03
Year 10th Year 11th Year 12thYear

Month Principal Interest Month Principal Interest Month Principal

Aug-18 234,900.91 2,349.01 Aug-19 165,756.02 1,657.56 Aug-20 87,841.83
Sep-18 229,448.92 2,294.49 Sep-19 159,612.58 1,596.13 Sep-20 80,919.24
Oct-18 223,942.41 2,239.42 Oct-19 153,407.71 1,534.08 Oct-20 73,927.44
Nov-18 218,380.83 2,183.81 Nov-19 147,140.78 1,471.41 Nov-20 66,865.71
Dec-18 212,763.64 2,127.64 Dec-19 140,811.19 1,408.11 Dec-20 59,733.37
Jan-19 207,090.28 2,070.90 Jan-20 134,418.30 1,344.18 Jan-21 52,529.70
Feb-19 201,360.18 2,013.60 Feb-20 127,961.49 1,279.61 Feb-21 45,254.00
Mar-19 195,572.78 1,955.73 Mar-20 121,440.10 1,214.40 Mar-21 37,905.54
Apr-19 189,727.51 1,897.28 Apr-20 114,853.50 1,148.54 Apr-21 30,483.60
May-19 183,823.79 1,838.24 May-20 108,201.04 1,082.01 May-21 22,987.43
Jun-19 177,861.02 1,778.61 Jun-20 101,482.05 1,014.82 Jun-21 15,416.31
Jul-19 171,838.63 1,718.39 Jul-20 94,695.87 946.96 Jul-21 7,769.47
Total End of 68,460.29 24,467.11 77,142.77 15,697.81 86,926.40
Year 13th Year 14th Year 15th Year

Month Principal Interest Month Principal Interest Month Principal

Aug-21 46.16 0.46 Aug-22 0.00 0.00 Aug-23 0.00
Sep-21 0.00 0.00 Sep-22 0.00 0.00 Sep-23 0.00
Oct-21 0.00 0.00 Oct-22 0.00 0.00 Oct-23 0.00
Nov-21 0.00 0.00 Nov-22 0.00 0.00 Nov-23 0.00
Dec-21 0.00 0.00 Dec-22 0.00 0.00 Dec-23 0.00
Jan-22 0.00 0.00 Jan-23 0.00 0.00 Jan-24 0.00
Feb-22 0.00 0.00 Feb-23 0.00 0.00 Feb-24 0.00
Mar-22 0.00 0.00 Mar-23 0.00 0.00 Mar-24 0.00
Apr-22 0.00 0.00 Apr-23 0.00 0.00 Apr-24 0.00
May-22 0.00 0.00 May-23 0.00 0.00 May-24 0.00
Jun-22 0.00 0.00 Jun-23 0.00 0.00 Jun-24 0.00
Jul-22 0.00 0.00 Jul-23 0.00 0.00 Jul-24 0.00
Total End of 7,769.47 0.46 0.00 0.00 0.00
Year 16thYear 17 Year
th
18th Year

Month Principal Interest Month Principal Interest

Aug-24 0.00 0.00 Aug-25 0.00 0.00
Sep-24 0.00 0.00 Sep-25 0.00 0.00
Oct-24 0.00 0.00 Oct-25 0.00 0.00
Nov-24 0.00 0.00 Nov-25 0.00 0.00
Dec-24 0.00 0.00 Dec-25 0.00 0.00
Jan-25 0.00 0.00 Jan-26 0.00 0.00
Feb-25 0.00 0.00 Feb-26 0.00 0.00
Mar-25 0.00 0.00 Mar-26 0.00 0.00
Apr-25 0.00 0.00 Apr-26 0.00 0.00
May-25 0.00 0.00 May-26 0.00 0.00
Jun-25 0.00 0.00 Jun-26 0.00 0.00
Jul-25 0.00 0.00 Jul-26 0.00 0.00
Total End of 0.00 0.00 0.00 0.00
Year 19th Year 20th Year

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N OF REDUCING INTEREST RATE
Difference
46.62
46.62

Interest
6,149.08
6,132.56
6,115.87
6,099.02
6,082.00
6,064.81
6,047.45
6,029.91
6,012.20
5,994.31
5,976.25
5,958.00
72,661.46
3rd Year

Interest
5,437.48
5,413.84
5,389.97
5,365.86
5,341.51
5,316.91
5,292.07
5,266.98
5,241.64
5,216.05
5,190.20
5,164.09
63,636.62
6th Year

Interest
4,419.35
4,385.53
4,351.37
4,316.88
4,282.04
4,246.85
4,211.31
4,175.41
4,139.15
4,102.53
4,065.55
4,028.20
50,724.16
9th Year

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 Interest
2,962.63
2,914.25
2,865.38
2,816.03
2,766.18
2,715.83
2,664.98
2,613.62
2,561.74
2,509.35
2,456.43
2,402.99
32,249.42
12thYear

Interest
878.42
809.19
739.27
668.66
597.33
525.30
452.54
379.06
304.84
229.87
154.16
77.69
5,816.34
15th Year

Interest
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
18 Year
th

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Rate of Interest

9339089395 Aniban Ghose