Does a longer tenure reduce my EMI?

Yes. A longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.

Is the interest rate fixed in this calculation?

This calculator assumes a fixed interest rate for the full tenure. If your loan has a floating rate, your actual EMI may change when the rate is revised.

What is an amortization schedule?

It is a table showing how each EMI is divided between interest and principal, along with the remaining balance after every payment.

EMI Calculator

Calculate your monthly loan EMI, total interest and total repayment with a full amortization schedule.

EMI Calculator

Amount / first value

Rate or second value

Years / third value

emi

1,266.76

total Interest

52,010.93

total Payment

152,010.93

principal

100,000

Amortization schedule
Month	Payment	Principal	Interest	Balance
1	1,266.76	516.76	750	99,483.24
2	1,266.76	520.63	746.12	98,962.61
3	1,266.76	524.54	742.22	98,438.07
4	1,266.76	528.47	738.29	97,909.6
5	1,266.76	532.44	734.32	97,377.16
6	1,266.76	536.43	730.33	96,840.73
7	1,266.76	540.45	726.31	96,300.28
8	1,266.76	544.51	722.25	95,755.78
9	1,266.76	548.59	718.17	95,207.19
10	1,266.76	552.7	714.05	94,654.48
11	1,266.76	556.85	709.91	94,097.63
12	1,266.76	561.03	705.73	93,536.61
13	1,266.76	565.23	701.52	92,971.37
14	1,266.76	569.47	697.29	92,401.9
15	1,266.76	573.74	693.01	91,828.16
16	1,266.76	578.05	688.71	91,250.11
17	1,266.76	582.38	684.38	90,667.73
18	1,266.76	586.75	680.01	90,080.98
19	1,266.76	591.15	675.61	89,489.83
20	1,266.76	595.58	671.17	88,894.25
21	1,266.76	600.05	666.71	88,294.2
22	1,266.76	604.55	662.21	87,689.64
23	1,266.76	609.09	657.67	87,080.56
24	1,266.76	613.65	653.1	86,466.91
25	1,266.76	618.26	648.5	85,848.65
26	1,266.76	622.89	643.86	85,225.76
27	1,266.76	627.56	639.19	84,598.19
28	1,266.76	632.27	634.49	83,965.92
29	1,266.76	637.01	629.74	83,328.91
30	1,266.76	641.79	624.97	82,687.12
31	1,266.76	646.6	620.15	82,040.51
32	1,266.76	651.45	615.3	81,389.06
33	1,266.76	656.34	610.42	80,732.72
34	1,266.76	661.26	605.5	80,071.46
35	1,266.76	666.22	600.54	79,405.23
36	1,266.76	671.22	595.54	78,734.02
37	1,266.76	676.25	590.51	78,057.76
38	1,266.76	681.32	585.43	77,376.44
39	1,266.76	686.43	580.32	76,690
40	1,266.76	691.58	575.18	75,998.42
41	1,266.76	696.77	569.99	75,301.65
42	1,266.76	702	564.76	74,599.66
43	1,266.76	707.26	559.5	73,892.4
44	1,266.76	712.56	554.19	73,179.83
45	1,266.76	717.91	548.85	72,461.92
46	1,266.76	723.29	543.46	71,738.63
47	1,266.76	728.72	538.04	71,009.91
48	1,266.76	734.18	532.57	70,275.73
49	1,266.76	739.69	527.07	69,536.04
50	1,266.76	745.24	521.52	68,790.8
51	1,266.76	750.83	515.93	68,039.97
52	1,266.76	756.46	510.3	67,283.52
53	1,266.76	762.13	504.63	66,521.38
54	1,266.76	767.85	498.91	65,753.54
55	1,266.76	773.61	493.15	64,979.93
56	1,266.76	779.41	487.35	64,200.52
57	1,266.76	785.25	481.5	63,415.27
58	1,266.76	791.14	475.61	62,624.13
59	1,266.76	797.08	469.68	61,827.05
60	1,266.76	803.05	463.7	61,023.99
61	1,266.76	809.08	457.68	60,214.92
62	1,266.76	815.15	451.61	59,399.77
63	1,266.76	821.26	445.5	58,578.51
64	1,266.76	827.42	439.34	57,751.09
65	1,266.76	833.62	433.13	56,917.47
66	1,266.76	839.88	426.88	56,077.59
67	1,266.76	846.18	420.58	55,231.41
68	1,266.76	852.52	414.24	54,378.89
69	1,266.76	858.92	407.84	53,519.98
70	1,266.76	865.36	401.4	52,654.62
71	1,266.76	871.85	394.91	51,782.77
72	1,266.76	878.39	388.37	50,904.38
73	1,266.76	884.97	381.78	50,019.41
74	1,266.76	891.61	375.15	49,127.8
75	1,266.76	898.3	368.46	48,229.5
76	1,266.76	905.04	361.72	47,324.46
77	1,266.76	911.82	354.93	46,412.64
78	1,266.76	918.66	348.09	45,493.97
79	1,266.76	925.55	341.2	44,568.42
80	1,266.76	932.49	334.26	43,635.93
81	1,266.76	939.49	327.27	42,696.44
82	1,266.76	946.53	320.22	41,749.9
83	1,266.76	953.63	313.12	40,796.27
84	1,266.76	960.79	305.97	39,835.48
85	1,266.76	967.99	298.77	38,867.49
86	1,266.76	975.25	291.51	37,892.24
87	1,266.76	982.57	284.19	36,909.67
88	1,266.76	989.94	276.82	35,919.74
89	1,266.76	997.36	269.4	34,922.38
90	1,266.76	1,004.84	261.92	33,917.54
91	1,266.76	1,012.38	254.38	32,905.16
92	1,266.76	1,019.97	246.79	31,885.19
93	1,266.76	1,027.62	239.14	30,857.58
94	1,266.76	1,035.33	231.43	29,822.25
95	1,266.76	1,043.09	223.67	28,779.16
96	1,266.76	1,050.91	215.84	27,728.25
97	1,266.76	1,058.8	207.96	26,669.45
98	1,266.76	1,066.74	200.02	25,602.71
99	1,266.76	1,074.74	192.02	24,527.98
100	1,266.76	1,082.8	183.96	23,445.18
101	1,266.76	1,090.92	175.84	22,354.26
102	1,266.76	1,099.1	167.66	21,255.16
103	1,266.76	1,107.34	159.41	20,147.81
104	1,266.76	1,115.65	151.11	19,032.16
105	1,266.76	1,124.02	142.74	17,908.15
106	1,266.76	1,132.45	134.31	16,775.7
107	1,266.76	1,140.94	125.82	15,634.76
108	1,266.76	1,149.5	117.26	14,485.26
109	1,266.76	1,158.12	108.64	13,327.15
110	1,266.76	1,166.8	99.95	12,160.34
111	1,266.76	1,175.56	91.2	10,984.79
112	1,266.76	1,184.37	82.39	9,800.41
113	1,266.76	1,193.25	73.5	8,607.16
114	1,266.76	1,202.2	64.55	7,404.96
115	1,266.76	1,211.22	55.54	6,193.74
116	1,266.76	1,220.3	46.45	4,973.43
117	1,266.76	1,229.46	37.3	3,743.97
118	1,266.76	1,238.68	28.08	2,505.3
119	1,266.76	1,247.97	18.79	1,257.33
120	1,266.76	1,257.33	9.43	0

An EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay a loan. This calculator instantly shows your monthly EMI, the total interest you will pay, and a month-by-month amortization schedule.

Formula

EMI = P \times r \times \frac{(1 + r)^n}{(1 + r)^n - 1}

P is the principal loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the loan tenure in months.

How to use

1Enter the total loan amount you want to borrow.
2Enter the annual interest rate offered by your lender.
3Enter the loan tenure in years.
4Your EMI, total interest and total payment update instantly.

Example

For a loan of 1,000,000 at 9% annual interest over 10 years, the monthly EMI is about 12,668, with total interest of roughly 520,110.

Early EMIs are mostly interest, while later EMIs pay down more principal. The amortization table below shows this split for every month so you can see exactly how your balance reduces over time.

Frequently asked questions

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