EMI Calculator With Down Payment
When you pay part of the price upfront, only the balance is financed. This calculator works out that financed amount first, then the EMI on it, so you can see how a bigger down payment changes both.
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Calculator and results
A ₹8,00,000 purchase with ₹2,00,000 down finances ₹6,00,000, which at 10% over 5 years works out to an EMI of ₹12,748.
Paid upfront, so it is not financed.
Monthly EMI
₹12,748
for 5 years
Financed amount
₹6,00,000
Total interest
₹1,64,898
Total payment
₹7,64,898
Principal vs interest
- Principal
- 78.4%
- ₹6,00,000
- Total interest
- 21.6%
- ₹1,64,898
Compare tenures
| Tenure | EMI | Total interest | Total payment |
|---|---|---|---|
| 1 year | ₹52,750 | ₹32,994 | ₹6,32,994 |
| 2 years | ₹27,687 | ₹64,487 | ₹6,64,487 |
| 3 years | ₹19,360 | ₹96,973 | ₹6,96,973 |
| 4 years | ₹15,218 | ₹1,30,438 | ₹7,30,438 |
| 5 years | ₹12,748 | ₹1,64,898 | ₹7,64,898 |
Amortisation Schedule
How each instalment splits between interest and principal over time.
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Monthly EMI
₹12,748
- What it is:
- An EMI calculator for purchases where you pay part of the price upfront.
- What it calculates:
- The financed amount after the down payment, the EMI on it, and the total cost of the purchase.
Key Assumptions
- Only the balance after the down payment is financed.
- Processing fees are charged separately, not financed.
- The rate is fixed for the tenure.
How does the EMI With Down Payment work?
Financed amount = price minus down payment. The EMI is calculated on that financed amount only.
A larger down payment reduces both the EMI and the total interest, and often helps you qualify for a better rate.
EMI With Down Payment formula
Financed amount = price - down payment, then EMI = P x r x (1+r)^n / ((1+r)^n - 1)
- P
- = financed amount after the down payment
- r
- = monthly interest rate
- n
- = tenure in months
EMI With Down Payment: worked example
An ₹8,00,000 purchase with ₹2,00,000 down at 10% for 5 years
- Price
- ₹8,00,000
- Down payment
- ₹2,00,000
- Financed amount
- ₹6,00,000
- Interest rate
- 10% a year
- Tenure
- 5 years
- Monthly EMI
- ₹12,748
- Total interest
- ₹1,64,898
- Total cost
- ₹9,64,898
EMI With Down Payment: frequently asked questions
How much down payment should I make?
Does the down payment reduce the interest rate?
Is the processing fee part of the down payment?
Further reading
How Indian lenders work out your monthly instalment, why the interest portion shrinks every month, and what actually changes the number.
What a lump-sum prepayment does to an Indian loan, the choice between cutting the tenure and cutting the EMI, and when it is worth doing at all.
Why a flat 10% and a reducing-balance 10% are not the same loan, how much more the flat structure costs, and where you meet it in India.
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Reviewed by Pradipta Ray, MBA (Finance) · Updated