EMI Calculator

Calculate your monthly EMI, analyze the principal vs interest breakdown, and download a detailed amortization schedule.

Note: The results are indicative and may vary based on actual bank policies and interest rates. For precise guidance, please contact us directly.

Loan Details

Calendar Type

EMI Start Date

Month

Year

First EMI will start from January

Loan Amount (रु)1,00,000

Interest Rate (% p.a.)8.50%

Loan Tenure

Total Tenure: 36 months

End Date: December 2028

Understanding EMI

What is EMI?

EMI (Equated Monthly Installment) is the fixed amount you pay monthly towards your loan, comprising both principal and interest components.

Principal Component

The principal component is the portion of your EMI that goes towards repaying the actual amount you borrowed. It increases over time.

Interest Component

The interest component is the cost of borrowing. It decreases over time as the principal balance reduces with each payment.

Reducing Balance Method

This calculator uses the reducing balance method, where interest is calculated on the outstanding loan balance, which decreases with each payment.

Total Interest Payable

This is the total amount of interest you'll pay over the entire loan tenure. It depends on the principal, rate, and tenure.

Total Amount Payable

This is the sum of your principal amount and total interest payable. It represents the complete amount you'll pay by the end of the loan tenure.