EMI-APR Calculator with Amortization

Equated Monthly Instalment (EMI) – Annual Percent Rate (APR) Calculator With Amortization

The APR/EIR Calculator with Amortization is an Excel-based tool that helps calculate the Annual Percent Rate (APR) or Effective Interest Rate (EIR) for different loan scenarios. It takes into account adjustments for fees and charges credited to the borrower’s account, as well as scenarios like no-cost EMI where interest charges are provided as an upfront discount. Additionally, it considers cases where the maturity value of a fixed-rate instrument, such as an FD, is spread over the loan tenure, and the EMI is determined based on the average of the maturity value.

This calculator also generates an amortization schedule, providing a detailed breakdown of each payment into principal and interest components over the loan term. This schedule enables borrowers to understand how their loan balance reduces over time and helps them track the amount of interest they are paying each month.