Loan EMI Calculator - Calculate Your Monthly Installments Easily

Loan EMI Calculator - Calculate Your Monthly Installments Easily © Loan EMI Calculator - Calculate Your Monthly Installments Easily
Font size:
Print
|
0
|
50L
|
100L
|
150L
|
200L
|
5
|
7.5
|
10
|
12.5
|
15
|
17.5
|
20
%
|
0
|
5
|
10
|
15
|
20
|
25
|
30

Loan EMI

66,891

Total Interest Payable

93,53,949

Total Payment
(Principal + Interest)

1,60,53,949

Created with Highcharts 4.2.2Break- up of Total Payment 41.7 % 58.3 % Principal Loan AmountTotal Interest
YearPrincipalInterestBalance
2020₹ 59,406₹ 4,08,834₹ 66,40,594
2021₹ 1,10,660₹ 6,92,037₹ 65,29,933
2022₹ 1,22,855₹ 6,79,842₹ 64,07,078
2023₹ 1,36,394₹ 6,66,303₹ 62,70,684
2024₹ 1,51,425₹ 6,51,272₹ 61,19,258
2025₹ 1,68,113₹ 6,34,584₹ 59,51,145
2026₹ 1,86,640₹ 6,16,058₹ 57,64,506
2027₹ 2,07,208₹ 5,95,489₹ 55,57,298
2028₹ 2,30,043₹ 5,72,654₹ 53,27,255
2029₹ 2,55,395₹ 5,47,303₹ 50,71,860
2030₹ 2,83,540₹ 5,19,157₹ 47,88,320
2031₹ 3,14,787₹ 4,87,910₹ 44,73,533
2032₹ 3,49,478₹ 4,53,220₹ 41,24,055
2033₹ 3,87,991₹ 4,14,706₹ 37,36,064
2034₹ 4,30,749₹ 3,71,948₹ 33,05,315
2035₹ 4,78,219₹ 3,24,478₹ 28,27,095
2036₹ 5,30,921₹ 2,71,777₹ 22,96,174
2037₹ 5,89,430₹ 2,13,267₹ 17,06,744
2038₹ 6,54,387₹ 1,48,310₹ 10,52,357
2039₹ 7,26,503₹ 76,194₹ 3,25,854
2040₹ 3,25,854₹ 8,603₹ 0
 
Loan EMI = P * R * (1+R)n
[(1+R)n]-1

P = Principal loan amount;

R = Rate of interest calculated on monthly basis i.e. (R= Annual rate of interest/12/100).

For instance, if R = 8% per annum, then R= 8/12/100 = 0.0067; and

N = the number of monthly installments.

For example, if you borrow Rs 5,00,000 from a bank at 8% rate of interest for a tenure of 10 years then,

EMI = 500000 * 0.0066 * (1+0.0067)120 =6,066.00
[(1+0.0067)120]-1
Access anyone WhatsApp on your mobile
Prev Post Access anyone WhatsApp on your mobile
How to Permanent Validate or Verify Digital Certificate in PDF
Next Post How to Permanent Validate or Verify Digital Certificate in PDF