Work out outstanding principal instantly with clear inputs, formula shown and shareable results.
This rolls the account forward month by month using the EMI actually being paid, which may differ from the contractual instalment. Each month interest is added to the balance and the payment is deducted, so the outstanding figure reflects real payment behaviour.
Monthly recursion
Balance ← Balance + Balance·r - EMI, repeated for each month elapsed
Figures are estimates. Lenders apply their own rounding, fees and eligibility rules, and rates change. This is not financial advice — confirm the numbers with your lender.
Because it handles payments that are not exactly the contractual EMI and stops cleanly once the balance reaches zero.
Balance transfers, foreclosure quotes, top-up eligibility and loan-to-value checks all start from it.