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Car loan EMI and total interest.
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹1,32,664 | ₹66,616 | ₹6,67,336 |
| 2 | ₹1,45,109 | ₹54,171 | ₹5,22,227 |
| 3 | ₹1,58,721 | ₹40,559 | ₹3,63,506 |
| 4 | ₹1,73,610 | ₹25,670 | ₹1,89,896 |
| 5 | ₹1,89,896 | ₹9,384 | ₹0 |
Monthly EMI, total interest and the year-by-year repayment schedule for a car loan. EMI = P·r·(1+r)ⁿ / ((1+r)ⁿ − 1), with r the monthly rate.
For education only. Returns are assumptions, not guarantees.