Loan EMI Calculator
Work out the monthly instalment for a loan, the total interest you would pay, and how the balance falls over time.
Calculated in your browser. Nothing you enter is sent anywhere.
Rs
% a year
Use the rate from the lender’s offer. This is not an offered rate.
years
months
How to use Loan EMI Calculator
- 1Enter the loan amount.
- 2Enter the yearly interest or profit rate from the lender’s offer.
- 3Enter the term in years and, if needed, extra months.
- 4Read the monthly instalment, total interest and the yearly repayment table.
Good to know
The instalment is calculated for a fixed-rate loan with a reducing balance, repaid in equal monthly payments. Each month, interest is charged on the balance still owed, and the rest of the payment reduces the balance.
- Monthly rate = yearly rate ÷ 12. With a 0% rate the instalment is simply the loan ÷ number of months.
- Fees, insurance, taxes, late-payment charges and early-repayment terms are not included.
- Some lenders use a flat rate, a variable rate linked to KIBOR, or an Islamic financing structure such as diminishing musharakah. Their instalments can differ from this calculation.
The rate you enter is your assumption. It does not mean any lender will offer it; always compare the lender’s own repayment schedule.