Loan EMI Calculator

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Loan EMI Calculator © Loan EMI Calculator

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.


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200L

 

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20

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Loan EMI

66,891

Total Interest Payable

93,53,949

Total Payment
(Principal + Interest)

1,60,53,949


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
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