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Loan EMI Calculator India (Monthly EMI + Interest + Schedule)
Free loan EMI calculator for India with monthly EMI, total interest, total payment, tenure in months or years, and repayment schedule.
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Estimate EMI
Quick loan presets
EMI = [P × R × (1+R)^N] / [(1+R)^N - 1], where R is monthly interest and N is total months.
Loan summary
Principal vs Interest
Repayment schedule
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹10,623.52 | ₹6,456.86 | ₹4,166.67 | ₹4,93,543.14 |
| 2 | ₹10,623.52 | ₹6,510.66 | ₹4,112.86 | ₹4,87,032.48 |
| 3 | ₹10,623.52 | ₹6,564.92 | ₹4,058.60 | ₹4,80,467.56 |
| 4 | ₹10,623.52 | ₹6,619.63 | ₹4,003.90 | ₹4,73,847.94 |
| 5 | ₹10,623.52 | ₹6,674.79 | ₹3,948.73 | ₹4,67,173.15 |
| 6 | ₹10,623.52 | ₹6,730.41 | ₹3,893.11 | ₹4,60,442.73 |
| 55 | ₹10,623.52 | ₹10,107.50 | ₹516.02 | ₹51,815.07 |
| 56 | ₹10,623.52 | ₹10,191.73 | ₹431.79 | ₹41,623.34 |
| 57 | ₹10,623.52 | ₹10,276.66 | ₹346.86 | ₹31,346.68 |
| 58 | ₹10,623.52 | ₹10,362.30 | ₹261.22 | ₹20,984.38 |
| 59 | ₹10,623.52 | ₹10,448.65 | ₹174.87 | ₹10,535.72 |
| 60 | ₹10,623.52 | ₹10,535.72 | ₹87.80 | ₹0.00 |
Showing the first 6 and last 6 months of the amortization schedule.
FAQ
What is EMI?
EMI is the fixed monthly installment you pay to repay a loan over the chosen tenure.
How is EMI calculated?
EMI is calculated using the loan amount, annual interest rate, and number of months in the tenure.
How can I reduce EMI?
You can reduce EMI by increasing the tenure, lowering the interest rate, or choosing a smaller loan amount.
What is the difference between reducing and flat rate?
This calculator follows the reducing-balance EMI method commonly used for loans. Flat-rate loans use a different interest method.
Next step
Use this in your planning workflow
After estimating EMI, create repayment invoices, track expenses, or explore your business tools inside Pragotikaro.