Calculator
EMI Calculator
Work out the monthly instalment on a loan.
Result
- Monthly EMI
- ₹13,215
- Total interest
- ₹5,85,809
- Total payment
- ₹15,85,809
Based on a fixed rate with monthly reducing balance. Actual lender calculations may differ.
Results are estimates for general information and not professional advice.
How this calculator works
An equated monthly instalment covers both interest and principal. Early instalments are mostly interest, and the principal share grows as the balance falls.
Enter the loan amount, the annual rate and the tenure in years. The calculation assumes a fixed rate on a monthly reducing balance, which is how most term loans work.
A lender's figure may differ slightly because of the day count, the date of the first instalment and any processing fee added to the principal.
Need help with the real numbers?
Frequently asked questions
Quick answers to the questions we hear most often.
Still have a question?
A chartered accountant will look at your case and reply within one business day.
Ask a CADoes a longer tenure cost more?
Yes, in total interest, even though the monthly instalment is lower. Extending a loan reduces the monthly outgoing and increases what you pay overall.
What if my rate is floating?
The instalment changes when the rate changes, or the tenure does. Re-run the calculation at the new rate to see the effect.
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