Loan Repayment
Loan EMI Calculator
Calculate your Equated Monthly Installment (EMI), total interest outflow, and full loan amortization schedule for home loans, car loans, or personal loans using the standard monthly reducing balance method.
Loan Parameters Reducing Balance
e.g. ₹40 Lakhs Home Loan.
Repayment Breakdown
Monthly EMI Payable
₹ 35,348
Principal Loan Amount:
₹ 40,00,000
Total Interest Payable:
₹ 44,83,520
Total Repayment (Principal + Interest):
₹ 84,83,520
Equated Monthly Installment (EMI) Formula
EMI = [P × r × (1 + r)^n] / [((1 + r)^n) - 1]
Where: P = Loan Principal, r = Monthly Interest Rate (Annual Rate / 12 / 100), and n = Loan Tenure in months (Years × 12).