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Loan EMI Calculator - Calculate Your Monthly Installments Easily

By Mahesh Mahala

Loan EMI Calculator - Calculate Your Monthly Installments Easily

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EMI Loan Amount

|
0|
25L|
50L|
75L|
100L|
125L|
150L|
175L|
200L

₹

Interest Rate

|
5|
7.5|
10|
12.5|
15|
17.5|
20

Loan Tenure

|
0|
5|
10|
15|
20|
25|
30

Yr Mo

Loan EMI

₹66,891

Total Interest Payable

₹93,53,949

Total Payment
(Principal + Interest)

₹1,60,53,949

Schedule showing EMI payments starting from

Year

Principal
(A)

Principal

Interest
(B)

Interest

Total Payment
(A + B)

Balance

Loan Paid To Date

2020

₹ 59,406

₹ 4,08,834

₹ 4,68,240

₹ 66,40,594

0.89%

2021

₹ 1,10,660

₹ 6,92,037

₹ 8,02,697

₹ 65,29,933

2.54%

2022

₹ 1,22,855

₹ 6,79,842

₹ 8,02,697

₹ 64,07,078

4.37%

2023

₹ 1,36,394

₹ 6,66,303

₹ 8,02,697

₹ 62,70,684

6.41%

2024

₹ 1,51,425

₹ 6,51,272

₹ 8,02,697

₹ 61,19,258

8.67%

2025

₹ 1,68,113

₹ 6,34,584

₹ 8,02,697

₹ 59,51,145

11.18%

2026

₹ 1,86,640

₹ 6,16,058

₹ 8,02,697

₹ 57,64,506

13.96%

2027

₹ 2,07,208

₹ 5,95,489

₹ 8,02,697

₹ 55,57,298

17.06%

2028

₹ 2,30,043

₹ 5,72,654

₹ 8,02,697

₹ 53,27,255

20.49%

2029

₹ 2,55,395

₹ 5,47,303

₹ 8,02,697

₹ 50,71,860

24.30%

2030

₹ 2,83,540

₹ 5,19,157

₹ 8,02,697

₹ 47,88,320

28.53%

2031

₹ 3,14,787

₹ 4,87,910

₹ 8,02,697

₹ 44,73,533

33.23%

2032

₹ 3,49,478

₹ 4,53,220

₹ 8,02,697

₹ 41,24,055

38.45%

2033

₹ 3,87,991

₹ 4,14,706

₹ 8,02,697

₹ 37,36,064

44.24%

2034

₹ 4,30,749

₹ 3,71,948

₹ 8,02,697

₹ 33,05,315

50.67%

2035

₹ 4,78,219

₹ 3,24,478

₹ 8,02,697

₹ 28,27,095

57.80%

2036

₹ 5,30,921

₹ 2,71,777

₹ 8,02,697

₹ 22,96,174

65.73%

2037

₹ 5,89,430

₹ 2,13,267

₹ 8,02,697

₹ 17,06,744

74.53%

2038

₹ 6,54,387

₹ 1,48,310

₹ 8,02,697

₹ 10,52,357

84.29%

2039

₹ 7,26,503

₹ 76,194

₹ 8,02,697

₹ 3,25,854

95.14%

2040

₹ 3,25,854

₹ 8,603

₹ 3,34,457

₹ 0

100.00%

	Loan EMI =	P * R * (1+R)ⁿ
	Loan EMI =	[(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
	EMI =	[(1+0.0067)¹²⁰]-1	=6,066.00

Written By Mahesh Mahala

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