EMI Calculator
Strategize your debt repayment with our high-precision amortization engine. Aurora Canvas helps you visualize the balance between principal and interest with institutional clarity.
Loan Parameters
Aurora Amortization v2.0
Total principal to be borrowed
Annual interest rate (%)
Repayment duration
Wealth Wisdom
Shorten Tenure: Reducing tenure from 20 to 15 years can save up to 25% of interest.
Prepayment Impact: One extra EMI paid every year can finish a 20-year loan in 12 years.
Rate Check: A 0.5% rate reduction on a 50L loan saves nearly 5L over 20 years.
Success Checklist
Ensure your total EMIs do not exceed 40% of your net monthly take-home pay to maintain financial liquidity and investment capacity.
Repayment Trajectory
Visualizing principal displacement vs interest containment
Annual Ledger
Amortization View| Year | Principal | Balance |
|---|---|---|
| Yr 1 | ₹1,60,505 | ₹8,39,495 |
| Yr 2 | ₹1,78,194 | ₹6,61,301 |
| Yr 3 | ₹1,97,831 | ₹4,63,470 |
| Yr 4 | ₹2,19,633 | ₹2,43,837 |
| Yr 5 | ₹2,43,837 | ₹0 |
Interest Weight
The Math Behind EMI
We utilize the standard reducing balance formula: E = [P x R x (1+R)^N] / [(1+R)^N - 1]. This ensures that as you pay off the principal, the interest component decreases over time.
Interest is always calculated on the 'out-standing principal'. In early years, since the principal is high, the interest portion of your EMI is large. As the balance drops, interest drops, and more of your EMI goes toward the principal.
While a longer tenure reduces your monthly EMI burden, it exponentially increases the total interest paid. A 20-year loan can often result in paying back more in interest than the actual loan amount.
Master Your Debt Trajectory.
Efficient debt management isn't just about paying on time; it's about strategic pre-payments and selecting the right tenure to minimize leakage.
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