Loan EMI Calculator
Estimate monthly payments, compare prepayment savings and download your repayment schedule.
Your loan estimate
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Monthly repayment schedule
Principal repaid includes extra payments; the extra column shows that portion separately.
| Month | Payment (₹) | Interest (₹) | Principal (₹) | Extra (₹) | Balance (₹) |
|---|
How to calculate loan EMI
Enter the loan amount, annual interest rate and tenure in years or months. Add optional monthly or one-time prepayments to compare interest savings and the earlier payoff date. Download the complete amortisation schedule as a CSV file.
For monthly rate r and n instalments: EMI = P × r / (1 − (1 + r)−n). Here r is the annual percentage rate divided by 1,200. At 0% interest, EMI is P ÷ n.
Understand your results
This estimate uses monthly reducing-balance interest, a constant rate and payments at the end of each month. The principal and interest portions change over time. This is different from flat-rate simple interest or compound growth without repayments.
Displayed amounts are rounded; the calculation retains full precision. Fees, taxes, insurance, daily accrual and rate changes are excluded. Your lender’s repayment schedule may differ. Learn more from NISM’s EMI explanation.