Free Tool
Loan Calculator
Calculate EMI, total interest, and complete amortization schedule for any loan. Compare different loan amounts, rates, and tenures.
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Enter Details
₹
₹10,000₹1,00,00,000
%
1.0%36.0%
yrs
1 yrs30 yrs
Monthly EMI
₹16,607
Calculated in real-time
Principal Amount
₹5.00 L
Total Interest
₹97,858
Total Amount Payable
₹5.98 L
Interest %
16.40%
Principal vs Interest
Outstanding Balance
Amortization Schedule
| Year | Total Paid | Principal | Interest | Balance |
|---|---|---|---|---|
| Year 1 | ₹1,99,286 | ₹1,47,208 | ₹52,078 | ₹3,52,792 |
| Year 2 | ₹1,99,286 | ₹1,65,877 | ₹33,408 | ₹1,86,915 |
| Year 3 | ₹1,99,286 | ₹1,86,915 | ₹12,371 | — |
Results are estimates for educational purposes only. Actual values may vary based on market conditions, fees, taxes, and other factors. Please consult a financial advisor for personalized advice.
How is it Calculated?
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1)
Where:
PPrincipal loan amountrMonthly interest rate = Annual Rate ÷ 12 ÷ 100nTotal number of monthly installmentsThe EMI formula calculates a fixed monthly payment that covers both interest and principal repayment over the loan tenure.
Worked Examples
1Personal Loan
Amount: ₹5,00,000
Rate: 12% p.a.
Tenure: 3 years (36 months)
Result: EMI = ₹16,607 | Total Interest = ₹97,852
Frequently Asked Questions
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