EMI Calculator

The EMI Calculator shows the monthly instalment of a loan, how much interest you will pay in total and the full repayment schedule. Use it before taking a business loan or to plan part payments.

Where to find it: Other Tools ▾ → EMI Calculator

Enter the loan

• Loan amount — type it or drag the slider. The amount is also shown in words (for example Five Lakh).
• Interest rate (per year).
• Loan tenure in Years or Months.
• First instalment — the month of the first EMI, so the schedule shows real months.
• Processing fee (optional) — added to the total cost of the loan.

See the result

The results update as you type: Your instalment per month, the principal, total interest, processing fee and Total payable, the share of principal and interest, the number of instalments and the month the loan ends.

Plan part payments

Under Part payment, enter an Amount, the instalment number after which you pay it, and whether it is paid Once, Every year or Every month. The EMI stays the same and the loan finishes earlier; a note shows how much interest you save and how many months earlier the loan ends.

Repayment schedule

• Switch between Yearly and Monthly to see principal, interest and the balance left.
• Download schedule saves the month-by-month schedule as a CSV file.
• Copy summary copies the key figures; Print prints the page; Reset starts again.