Your EMI is not the number that matters. Your total interest is.
Put your loan in. See it in five seconds.
Your loan
₹
50 lakh
%
years
Drag it. Watch the amber number move.
What it costs you
Your EMI₹0
Total interest as it stands₹0
Interest as % of the loan0%
With the extra, loan closes in0 yrs
Interest you save
₹0
and you finish 0 years early
In 2019 I was in a hospital bed with seven loans, working out who pays the EMIs if my income stops. I had never once seen the total interest on any of them. Nobody had shown me.
Ravi Garg, Path to Abundance