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Loan EMI Calculator

By Mahesh Mahala

22-06-2023

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Our Loan EMI Calculator is a powerful tool that helps you estimate the monthly installment you need to pay for a loan. Whether you're planning to take a personal loan, home loan, car loan, or any other type of loan, our calculator provides quick and accurate results. Simply enter the loan amount, interest rate, and loan tenure, and the calculator will generate an instant breakdown of your monthly installments.

With our EMI calculator, you can easily compare different loan options and determine their affordability. It allows you to experiment with various interest rates and tenures to find the most suitable repayment plan for your needs. Additionally, the calculator provides you with a detailed repayment schedule, showing how much of each payment goes towards the principal amount and how much towards the interest.

Make informed financial decisions and plan your budget effectively using our Loan EMI Calculator. Take the guesswork out of loan repayment and stay in control of your finances. Start using our calculator today and gain valuable insights into your loan repayment journey.

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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