Loan Calculator
A general-purpose loan calculator for any borrowing in India. Set the amount, rate and tenure, then use the comparison table to see how the EMI and total interest change as the term gets longer.
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Calculator and results
A ₹5,00,000 loan at 11% over 5 years has an EMI of ₹10,871, and costs ₹1,52,277 in total interest.
Monthly EMI
₹10,871
for 5 years
Principal
₹5,00,000
Total interest
₹1,52,277
Total payment
₹6,52,277
Principal vs interest
- Principal
- 76.7%
- ₹5,00,000
- Total interest
- 23.3%
- ₹1,52,277
Compare tenures
| Tenure | EMI | Total interest | Total payment |
|---|---|---|---|
| 1 year | ₹44,191 | ₹30,290 | ₹5,30,290 |
| 2 years | ₹23,304 | ₹59,294 | ₹5,59,294 |
| 3 years | ₹16,369 | ₹89,299 | ₹5,89,299 |
| 5 years | ₹10,871 | ₹1,52,277 | ₹6,52,277 |
| 7 years | ₹8,561 | ₹2,19,151 | ₹7,19,151 |
| 10 years | ₹6,888 | ₹3,26,452 | ₹8,26,452 |
Amortisation Schedule
How each instalment splits between interest and principal over time.
Saved scenarios stay in this browser only. No sign-up.
Monthly EMI
₹10,871
- What it is:
- A general-purpose loan calculator with a tenure comparison built in.
- What it calculates:
- EMI, total interest and total repayment, then the same loan rebuilt across several tenures.
Key Assumptions
- Reducing-balance interest, not a flat rate.
- The full sanctioned amount is disbursed.
- The rate does not change mid-tenure.
How does the Loan Calculator work?
The calculator applies the standard reducing-balance formula, then rebuilds the same loan across several tenures so you can compare EMI against total interest.
Total repayment is the sum of every instalment in the schedule, which is why it always equals the loan amount plus total interest.
Loan Calculator formula
EMI = P x r x (1 + r)^n / ((1 + r)^n - 1)
- P
- = loan amount (principal)
- r
- = monthly interest rate = annual rate / 12 / 100
- n
- = tenure in months
At 0% interest the formula collapses to EMI = P / n, which is what no-cost EMI offers use.
Loan Calculator: worked example
A ₹5,00,000 loan at 11% for 5 years
- Loan amount
- ₹5,00,000
- Interest rate
- 11% a year
- Tenure
- 5 years
- Monthly EMI
- ₹10,871
- Total interest
- ₹1,52,277
- Total payment
- ₹6,52,277
Loan Calculator: frequently asked questions
Which tenure should I pick?
Can the loan calculator be used for a flat-rate loan?
What counts as the loan amount?
Does a floating interest rate change a loan's EMI?
Further reading
How Indian lenders work out your monthly instalment, why the interest portion shrinks every month, and what actually changes the number.
The reducing-balance EMI formula Indian lenders use, what each symbol means, how to compute it yourself, and how to handle the 0% case.
Calculate the exact monthly EMI and total interest for a ₹1 Lakh personal loan at 10.5% to 14% interest across 1, 2, 3, 4, and 5-year tenures.
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Reviewed by Pradipta Ray, MBA (Finance) · Updated