EMI Calculator
Monthly instalment, total interest and a complete repayment schedule — including the financial-year-wise principal and interest split you need for tax deductions and loan statements.
Loan Details
₹
₹50K₹2 Cr
%
0%30%
Yrs
1 Yr30 Yrs
Up to 50 years. Years must make whole months (e.g. 2.5 years = 30 months).
The tenure above is the repayment period after the moratorium. Moratorium months come before the first EMI date.
Monthly EMI
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Principal
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Total Interest
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Total Payable
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Last EMI
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Principal Interest
📋 Repayment Schedule
← Scroll to see full table →
How this calculator works
- Monthly repayment. One EMI a month; interest each month = opening balance × annual rate ÷ 12 (reducing balance).
- First EMI date is the date of the first EMI. Each later EMI falls on the same day of the following months (end of month if that day does not exist).
- Moratorium months come before the first EMI and are not part of the repayment tenure. Choose whether interest is added to the loan or paid each month.
- Rounding: the EMI is not rounded to the rupee; the last EMI absorbs the small difference. Tables show whole rupees.
- Banks may count interest by actual days, round the EMI, or add charges — their schedule can differ slightly.
Worked example
Loan ₹10,00,000 at 9% p.a. for 5 years (60 EMIs), no moratorium.Monthly rate = 9% ÷ 12 = 0.75%.
EMI = 10,00,000 × 0.0075 × 1.007560 ÷ (1.007560 − 1) = ₹20,758.36.
First month: interest ₹7,500.00, principal ₹13,258.36.
Total interest over 60 months: ₹2,45,501.