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EMI Calculator

Calculate a reducing-balance loan, test extra monthly payments and view the repayment schedule.

Free to use · No sign-up · Download your illustration
01 / YOUR ASSUMPTIONS

Make the numbers yours.

Results update as you edit. Use Calculate to check all fields. Rates are editable illustrations; enter a provider quote only where applicable.

₹
% p.a.
months
₹
YOUR ILLUSTRATION, READY TO KEEP

A report with the full picture.

Inputs, results, charts, sources and the schedule in one branded PDF.

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SEE THE PATHIllustrative, not a forecast

Loan outstanding and cumulative interest

INR 30.0 LINR 20.0 LINR 10.0 LINR 0Year 0Year 7.5Year 15Cumulative interestLoan outstanding

Illustrative constant-rate path. Real market returns vary; this is not historical performance.

Total repayment composition

100%
  • Loan principal₹30,00,000 54.8%
  • Total interest₹24,77,040 45.2%
CHANGE THE ASSUMPTION

With and without extra payments

Same loan amount, rate and original tenure. The final payment may be smaller.

Without extra payments180 months · total interest₹24,77,040
Selected extra payments180 months · total interest₹24,77,040
FOLLOW THE NUMBERS

Year-by-year illustration

YearCumulative paidCumulative interestLoan outstanding
1₹3,65,136₹2,65,976₹29,00,840
2₹7,30,272₹5,22,650₹27,92,378
3₹10,95,408₹7,69,149₹26,73,741
4₹14,60,544₹10,04,520₹25,43,976
5₹18,25,680₹12,27,717₹24,02,038
6₹21,90,816₹14,37,600₹22,46,785
7₹25,55,952₹16,32,919₹20,76,968
8₹29,21,088₹18,12,308₹18,91,221
9₹32,86,224₹19,74,273₹16,88,049
10₹36,51,360₹21,17,179₹14,65,819
11₹40,16,496₹22,39,238₹12,22,742
12₹43,81,632₹23,38,495₹9,56,863
13₹47,46,768₹24,12,810₹6,66,043
14₹51,11,904₹24,59,845₹3,47,941
15₹54,77,040₹24,77,040₹0
A NUMBER WORTH UNDERSTANDING5.50%

RBI policy repo rate snapshot

Observed 4 November 2026
WHAT THIS NUMBER MEANS

Policy rate, not the interest rate offered on your loan. Enter your lender’s actual quote.

Published byReserve Bank of India
Source last checked4 Nov 2026
Read the original source Industry or scheme context, separate from your personal calculation.
KNOW WHAT YOU ARE CALCULATING

Want to understand EMI?

A simple guide with a worked example, practical limitations and linked references. Read it before turning an illustration into a decision.

Read the EMI guide →735 words · General education · Prasar Knowledge Studio
HOW THE ILLUSTRATION WORKS

Formula, timing and limits.

EMI = P × r × (1+r)^n / ((1+r)^n - 1), with r = annual nominal rate / 12. At zero interest, EMI = principal / number of months.

  • Reducing-balance loan; monthly interest = annual nominal rate / 12. Extra monthly payment reduces the balance after the scheduled EMI. Excludes fees, rate resets, lender day-count differences and prepayment penalties.
Read before acting

Borrowing illustration only; not a loan offer. Excludes processing charges, rate resets, lender rounding, insurance, day-count differences and prepayment restrictions. Confirm the lender’s actual repayment terms.

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