EMI calculator
Reducing-balance equated monthly installments the way Indian lenders quote them, with optional processing fee.
Defaults to your region. Switch to compare any other scale.
Monthly reducing balance as used by Indian scheduled banks.
Result
₹10,746.95
Monthly EMI
- Total interest₹144,817.01
- Total of EMIs₹644,817.01
- Processing fee₹0.00
- Cash outgo (EMIs + fee)₹644,817.01
First year
| # | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹10,746.95 | ₹6,371.95 | ₹4,375.00 | ₹493,628.05 |
| 2 | ₹10,746.95 | ₹6,427.70 | ₹4,319.25 | ₹487,200.35 |
| 3 | ₹10,746.95 | ₹6,483.95 | ₹4,263.00 | ₹480,716.40 |
| 4 | ₹10,746.95 | ₹6,540.68 | ₹4,206.27 | ₹474,175.72 |
| 5 | ₹10,746.95 | ₹6,597.91 | ₹4,149.04 | ₹467,577.80 |
| 6 | ₹10,746.95 | ₹6,655.64 | ₹4,091.31 | ₹460,922.16 |
| 7 | ₹10,746.95 | ₹6,713.88 | ₹4,033.07 | ₹454,208.28 |
| 8 | ₹10,746.95 | ₹6,772.63 | ₹3,974.32 | ₹447,435.65 |
| 9 | ₹10,746.95 | ₹6,831.89 | ₹3,915.06 | ₹440,603.76 |
| 10 | ₹10,746.95 | ₹6,891.67 | ₹3,855.28 | ₹433,712.09 |
| 11 | ₹10,746.95 | ₹6,951.97 | ₹3,794.98 | ₹426,760.13 |
| 12 | ₹10,746.95 | ₹7,012.80 | ₹3,734.15 | ₹419,747.33 |
About this tool
EMI (equated monthly installment) is the fixed payment Indian lenders quote on reducing-balance personal, auto, and consumer loans. The formula amortizes principal so early installments carry more interest and later ones more principal.
Enter principal, annual rate, and tenure in months. Optional processing fees can be folded into the cash you actually receive. Rupee formatting follows the India-oriented defaults; switch language for the same math in English, German, or Japanese.
Compare with the generic loan and mortgage calculators when you need amortization tables or housing-specific extras.
Formula
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1)r = annual rate / 12
How it is calculated
- Enter loan amount in rupees, annual rate, and tenure in years.
- Optional: processing fee percent.
- EMI uses monthly reducing balance.
- If your country, school or provider uses different rules, pick another option in the “Standard” menu at the top.
Questions
Flat rate vs reducing?
This tool is reducing-balance. A 'flat' rate quotes interest on the original principal for the whole term and looks cheaper than it is. Ask the lender which one they use.
When should I change the “Standard” setting?
When the rules you work with differ from the default chosen for your language. Options on this page: India reducing-balance (INR); India EMI + processing fee. The formula, steps and result update to match your choice.
Are the results official advice?
No. Calculate This is an educational tool. Before a financial or tax decision, check the figures with your bank, the tax authority or a qualified adviser.