Calculator
Loan / EMI Calculator
Plan a home, car, or personal loan: monthly EMI, total interest, and a full repayment schedule. Multi-currency support.
Loan details
Monthly EMI
Rs 23,790
Principal
Rs 1,000,000
Interest
Rs 427,396
Total
Rs 1,427,396
Principal Interest
Amortization schedule
| Year | Principal | Interest | Payment | Balance |
|---|---|---|---|---|
| 1 | Rs 145,193 | Rs 140,287 | Rs 285,479 | Rs 854,807 |
| 2 | Rs 168,533 | Rs 116,946 | Rs 285,479 | Rs 686,274 |
| 3 | Rs 195,625 | Rs 89,854 | Rs 285,479 | Rs 490,649 |
| 4 | Rs 227,073 | Rs 58,406 | Rs 285,479 | Rs 263,576 |
| 5 | Rs 263,576 | Rs 21,903 | Rs 285,479 | Rs 0 |
How EMI is calculated
EMI = [P × R × (1 + R)N] ÷ [(1 + R)N − 1], where P is the principal, R is the monthly interest rate (annual ÷ 12 ÷ 100), and N is the loan tenure in months. The schedule shows how each payment splits between interest (computed on the remaining balance) and principal — early payments are interest-heavy and late payments are principal-heavy.