EMI Calculator
Monthly instalment, total interest and the full year-by-year schedule.
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Enter your numbers
₹
Between ₹50,000 and ₹200,000,000
Value adjusted to the allowed range.
%
Between 1 % and 25 %
Value adjusted to the allowed range.
Yr
Between 1 Yr and 35 Yr
Value adjusted to the allowed range.
How this is calculated
The standard reducing-balance instalment:
EMI = P × r × (1 + r)n ÷ [ (1 + r)n − 1 ]
where P is the loan amount, r is the monthly interest rate (annual ÷ 12 ÷ 100) and n is the number of monthly instalments.
The schedule is then built month by month: interest for the month is Balance × r, the rest of the instalment reduces the principal, and the final instalment is adjusted so the balance closes at exactly zero.
What it assumes
- A fixed interest rate for the whole tenure. A floating rate will change the instalment or the tenure.
- Processing fees, insurance, part-payments and late payment charges are not included.
- The first instalment is assumed to be paid one month after disbursement.
This calculator is an illustration based only on the figures you enter.
It is not a projection, promise or guarantee of returns, and it is not a recommendation to buy any product.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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Not Sure Which Number to Use?
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
