Updated
The EMI calculator applies the standard reducing-balance formula to the loan amount, annual rate and tenure. Change every input and see the estimate update immediately.
Your estimate
₹20,517
Monthly EMI
Principal
₹10,00,000
Total interest
₹2,30,992
Total repayment
₹12,30,992
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹20,517 | ₹13,433 | ₹7,083 | ₹9,86,567 |
| 2 | ₹20,517 | ₹13,528 | ₹6,988 | ₹9,73,038 |
| 3 | ₹20,517 | ₹13,624 | ₹6,892 | ₹9,59,414 |
| 4 | ₹20,517 | ₹13,721 | ₹6,796 | ₹9,45,694 |
| 5 | ₹20,517 | ₹13,818 | ₹6,699 | ₹9,31,876 |
| 6 | ₹20,517 | ₹13,916 | ₹6,601 | ₹9,17,960 |
| 7 | ₹20,517 | ₹14,014 | ₹6,502 | ₹9,03,946 |
| 8 | ₹20,517 | ₹14,114 | ₹6,403 | ₹8,89,832 |
| 9 | ₹20,517 | ₹14,214 | ₹6,303 | ₹8,75,619 |
| 10 | ₹20,517 | ₹14,314 | ₹6,202 | ₹8,61,304 |
| 11 | ₹20,517 | ₹14,416 | ₹6,101 | ₹8,46,889 |
| 12 | ₹20,517 | ₹14,518 | ₹5,999 | ₹8,32,371 |
| 13 | ₹20,517 | ₹14,621 | ₹5,896 | ₹8,17,750 |
| 14 | ₹20,517 | ₹14,724 | ₹5,792 | ₹8,03,026 |
| 15 | ₹20,517 | ₹14,828 | ₹5,688 | ₹7,88,198 |
| 16 | ₹20,517 | ₹14,933 | ₹5,583 | ₹7,73,264 |
| 17 | ₹20,517 | ₹15,039 | ₹5,477 | ₹7,58,225 |
| 18 | ₹20,517 | ₹15,146 | ₹5,371 | ₹7,43,079 |
| 19 | ₹20,517 | ₹15,253 | ₹5,263 | ₹7,27,826 |
| 20 | ₹20,517 | ₹15,361 | ₹5,155 | ₹7,12,465 |
| 21 | ₹20,517 | ₹15,470 | ₹5,047 | ₹6,96,995 |
| 22 | ₹20,517 | ₹15,579 | ₹4,937 | ₹6,81,416 |
| 23 | ₹20,517 | ₹15,690 | ₹4,827 | ₹6,65,726 |
| 24 | ₹20,517 | ₹15,801 | ₹4,716 | ₹6,49,925 |
| 25 | ₹20,517 | ₹15,913 | ₹4,604 | ₹6,34,012 |
| 26 | ₹20,517 | ₹16,026 | ₹4,491 | ₹6,17,986 |
| 27 | ₹20,517 | ₹16,139 | ₹4,377 | ₹6,01,847 |
| 28 | ₹20,517 | ₹16,253 | ₹4,263 | ₹5,85,594 |
| 29 | ₹20,517 | ₹16,369 | ₹4,148 | ₹5,69,225 |
| 30 | ₹20,517 | ₹16,485 | ₹4,032 | ₹5,52,741 |
| 31 | ₹20,517 | ₹16,601 | ₹3,915 | ₹5,36,140 |
| 32 | ₹20,517 | ₹16,719 | ₹3,798 | ₹5,19,421 |
| 33 | ₹20,517 | ₹16,837 | ₹3,679 | ₹5,02,583 |
| 34 | ₹20,517 | ₹16,957 | ₹3,560 | ₹4,85,627 |
| 35 | ₹20,517 | ₹17,077 | ₹3,440 | ₹4,68,550 |
| 36 | ₹20,517 | ₹17,198 | ₹3,319 | ₹4,51,352 |
| 37 | ₹20,517 | ₹17,319 | ₹3,197 | ₹4,34,033 |
| 38 | ₹20,517 | ₹17,442 | ₹3,074 | ₹4,16,591 |
| 39 | ₹20,517 | ₹17,566 | ₹2,951 | ₹3,99,025 |
| 40 | ₹20,517 | ₹17,690 | ₹2,826 | ₹3,81,335 |
| 41 | ₹20,517 | ₹17,815 | ₹2,701 | ₹3,63,520 |
| 42 | ₹20,517 | ₹17,942 | ₹2,575 | ₹3,45,578 |
| 43 | ₹20,517 | ₹18,069 | ₹2,448 | ₹3,27,509 |
| 44 | ₹20,517 | ₹18,197 | ₹2,320 | ₹3,09,313 |
| 45 | ₹20,517 | ₹18,326 | ₹2,191 | ₹2,90,987 |
| 46 | ₹20,517 | ₹18,455 | ₹2,061 | ₹2,72,532 |
| 47 | ₹20,517 | ₹18,586 | ₹1,930 | ₹2,53,946 |
| 48 | ₹20,517 | ₹18,718 | ₹1,799 | ₹2,35,228 |
| 49 | ₹20,517 | ₹18,850 | ₹1,666 | ₹2,16,378 |
| 50 | ₹20,517 | ₹18,984 | ₹1,533 | ₹1,97,394 |
| 51 | ₹20,517 | ₹19,118 | ₹1,398 | ₹1,78,275 |
| 52 | ₹20,517 | ₹19,254 | ₹1,263 | ₹1,59,022 |
| 53 | ₹20,517 | ₹19,390 | ₹1,126 | ₹1,39,632 |
| 54 | ₹20,517 | ₹19,527 | ₹989 | ₹1,20,104 |
| 55 | ₹20,517 | ₹19,666 | ₹851 | ₹1,00,438 |
| 56 | ₹20,517 | ₹19,805 | ₹711 | ₹80,633 |
| 57 | ₹20,517 | ₹19,945 | ₹571 | ₹60,688 |
| 58 | ₹20,517 | ₹20,087 | ₹430 | ₹40,601 |
| 59 | ₹20,517 | ₹20,229 | ₹288 | ₹20,372 |
| 60 | ₹20,517 | ₹20,372 | ₹144 | ₹0 |
Educational estimate only. Methodology 2026.08. This is not a return promise, loan offer, tax filing or financial recommendation.
Results are estimates for learning and planning only. Tax rules, interest rates and scheme terms change from time to time, and your actual figures may differ. Please talk to a qualified financial advisor or chartered accountant before making any financial decision.
An EMI (equated monthly instalment) is the fixed monthly payment that repays a loan's principal and interest over its tenure. This calculator works for any reducing-balance loan and also shows how a yearly EMI increase, extra EMIs or lump-sum prepayments can cut the interest and the term.
The EMI calculator applies the standard reducing-balance formula to the loan amount, annual rate and tenure. It then runs a second month-by-month schedule with your step-up and prepayment choices and reports the interest and months saved.
Worked example. A ₹10 lakh loan at 8.5% for 5 years has an EMI of about ₹20,517 and total interest of about ₹2,30,992. Raising the EMI by 5% each year and paying one extra EMI a year clears it in 51 months instead of 60 and saves about ₹29,535 in interest.
It is an educational tool that applies the disclosed reducing-balance loan method to the assumptions you enter.
No. Results are estimates, not forecasts, approvals, quotations or guarantees.
Testing conservative and optimistic inputs exposes uncertainty instead of hiding it behind one number.
Only when a tax or fee is shown as an explicit input or result. Otherwise it is excluded.
The mathematics follows the stated methodology, while real outcomes depend on rates, timing, rules, fees and circumstances.
No. Use it for education and scenario comparison, then verify decisions with official documents or a qualified professional.
Inflation translates a future amount into approximate present-day purchasing power. The default 6% is editable and is not a forecast.
Recalculate when rates, income, contributions, rules, goals or repayment terms change.
Yes. Institutions may use different compounding dates, rounding, charges and eligibility rules.
No. Calculations run locally in your browser and the input values are not sent to a calculation server.