This tool calculates EMI and makes interest and principal chart for the entire tenure of the loan.
The EMI (Equated Monthly Installment) is fixed for the tenure of a loan. It has two components: principal and interest. In the beginning the interest component is higher which decreases with time. The principal component increases with time.
The EMI depends on   the loan amount,   the interest rate,   the tenure of the loan, and   the reducing balance frequency of the loan.