Loan EMI Calculator
Work out the monthly instalment, total interest and payoff schedule for any loan.
Monthly EMI
₹10,747
- Principal
- ₹5,00,000
- Total interest
- ₹1,44,817
- Total payable
- ₹6,44,817
Year-by-year repayment schedule
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹80,253 | ₹48,711 | ₹4,19,747 |
| 2 | ₹89,097 | ₹39,867 | ₹3,30,651 |
| 3 | ₹98,916 | ₹30,048 | ₹2,31,735 |
| 4 | ₹1,09,816 | ₹19,147 | ₹1,21,919 |
| 5 | ₹1,21,919 | ₹7,045 | ₹0 |
How it works
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the loan amount, r the monthly interest rate and n the number of months. Early EMIs are mostly interest; the principal share grows over time.
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