Monthly Instalment (EMI)
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Total Principal
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Total Interest
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Total Payment (Principal + Interest)
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Work out your monthly instalment, total interest and a full month-wise repayment schedule for any home, car, personal or gold loan.
An Equated Monthly Instalment (EMI) is the fixed amount you repay every month towards a loan, made up of a principal component and an interest component. Most Indian lenders use the reducing-balance method, where interest is charged only on the outstanding principal, so the interest share of your EMI is highest at the start and falls each month as the balance shrinks.
Where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly instalments. This calculator can also run the formula in reverse to solve for principal, interest rate or tenure.
EMI is calculated using the reducing-balance formula above, which takes the loan amount, annual interest rate and tenure in months.
Reducing balance charges interest only on the outstanding principal each month, so your interest cost falls over time. Flat rate charges interest on the full original principal throughout, which typically costs more overall. This calculator uses reducing balance.
Yes — choose "Interest rate" or "Tenure" under Solve for, fill in the remaining three fields, and calculate.
Yes, once generated you can download it as CSV or TXT, or print it directly from your browser.