The loan payment by the annuity scheme means the monthly payments of the equal sum during all period of the credit (EMI
- Equated Monthly Installments ).
If you don't need to get to the core of details to watch how your basic loan is being reduced and how the interests of your loan sum are being calculated then use a simple monthly annuity calculator.
Install this calculator for your Desktop
Monthly annuity calculator and the amortization schedule of the loan
|Month ||Payment ||Interest ||Principal ||Balance
Its calculations will help you to know the payment sum of your loan. The monthly payment sum by the annuity payment is the same during the loan period and it is very comfortable for a payer.
There are two components in the counting calculator of annuity payment: the calculator and the calculation diagram of the calculator. The sum of loan and loan interests are indicated by sectors on the diagram. It's very comfortable for you.