Loan & EMI Dashboard
Monthly EMI
$106.07
Total Interest Payable
$2727.86
Total Amount (Principal + Interest)
$12727.86
Strategic Loan Insights
Understanding the Principal vs. Interest ratio is key to financial freedom. In the early years of your loan, a larger portion of your EMI goes toward interest. By making small extra payments toward your principal early on, you can drastically reduce the total interest paid and shorten your loan term by years.
Pro Tip: The 13th EMI Strategy
Paying just one extra EMI per year can reduce a 20-year home loan by nearly 3 years. Use our calculator above to see how increasing your monthly payment by even 10% impacts your total interest payable.
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