Finance Tools
EMI Calculator
Calculate equated monthly installments, total interest and an amortization table for bank or personal loans.
Loan details
Results
Monthly EMI
49,821.46
Principal
1,500,000
Total interest
293,572.73
Total payment
1,793,572.73
Months
36
- Principal
- Interest
Amortization schedule
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | 49,821.46 | 34,821.46 | 15,000 | 1,465,178.54 |
| 2 | 49,821.46 | 35,169.68 | 14,651.79 | 1,430,008.86 |
| 3 | 49,821.46 | 35,521.38 | 14,300.09 | 1,394,487.48 |
| 4 | 49,821.46 | 35,876.59 | 13,944.87 | 1,358,610.89 |
| 5 | 49,821.46 | 36,235.36 | 13,586.11 | 1,322,375.53 |
| 6 | 49,821.46 | 36,597.71 | 13,223.76 | 1,285,777.82 |
| 7 | 49,821.46 | 36,963.69 | 12,857.78 | 1,248,814.14 |
| 8 | 49,821.46 | 37,333.32 | 12,488.14 | 1,211,480.81 |
| 9 | 49,821.46 | 37,706.66 | 12,114.81 | 1,173,774.16 |
| 10 | 49,821.46 | 38,083.72 | 11,737.74 | 1,135,690.44 |
| 11 | 49,821.46 | 38,464.56 | 11,356.9 | 1,097,225.87 |
| 12 | 49,821.46 | 38,849.21 | 10,972.26 | 1,058,376.67 |
About this tool
EMI is the equal monthly installment on a reducing-balance loan. Each payment covers that month’s interest first; the rest reduces principal. Early months are interest-heavy.
How to use
- Enter the loan amount and an optional down payment. EMI is calculated on the financed remainder.
- Enter the annual interest rate, tenure in years and any leftover months.
- Read monthly EMI, total interest and the amortization table.
Formula and methodology
Monthly rate r = annual rate ÷ 12. For n months, EMI = P × r(1+r)^n ÷ ((1+r)^n − 1). If the rate is 0%, EMI is P ÷ n. The last month adjusts so the balance reaches zero.
Worked example
A 1,500,000 loan at 12% for 3 years has 36 payments. EMI is 49,821.46, total interest is 293,572.73, and total repayment is 1,793,572.73.
Frequently asked questions
How is this different from the loan calculator?+
The math is the same reducing-balance formula. This page is written for EMI search intent and accepts a down payment plus extra months.
Are processing fees included?+
No. Add fees to the loan amount yourself if the lender capitalizes them.
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