Loan Amount
Loan Amount:
Tenure in Months:
Interest Rate in %:
Processing Fee: (% of loan amount)
Would you like to make Pre-payments?
Pre-payment Frequency
Pre-payment starts in
Pre-payment amount
Loan Completion Month
Pre-payment Fee %
Pre-payment Applies to

Your Monthly Loan EMI: Rs 28,670

Monthly amount paid to your Loan provider

Break-up of all total amount payable
Loan Amount
Total Interest Due
Processing Fee
Loan Amount Via EMI
Loan Amount Prepaid
Total Interest
Processing Fee
Pre-payment Fee
Total Amount Payable
Your loan details as specified by you
Loan Amount
15 Years
Interest Rate
Processing Fee
Is your Credit Score good enough for getting a loan or card?

Your Repayment Details (Yearly/Monthly)

Your debt repayment schedule in regular instalments over a period of time.

Tab amortization
Principal Paid Interest Paid Outstanding Loan BalanceO/S Balance(Without Pre-payment) O/S Balance(With Pre-payment)
Year Principal Paid(A)1 Interest Paid(B) Total Payment (A+B) Outstanding Loan Balance Pre-payment
1 Rupee image4,977 Rupee image13,958 Rupee image18,935 Rupee image24,95,023
Dec Rupee image4,977 Rupee image13,958 Rupee image18,935 Rupee image24,95,023
2 Rupee image61,929 Rupee image1,65,289 Rupee image2,27,218 Rupee image24,33,093
Jan Rupee image5,004 Rupee image13,931 Rupee image18,935 Rupee image24,90,019
Feb Rupee image5,032 Rupee image13,903 Rupee image18,935 Rupee image24,84,987
Mar Rupee image5,060 Rupee image13,875 Rupee image18,935 Rupee image24,79,927
Apr Rupee image5,089 Rupee image13,846 Rupee image18,935 Rupee image24,74,838
May Rupee image5,117 Rupee image13,818 Rupee image18,935 Rupee image24,69,721
Jun Rupee image5,146 Rupee image13,789 Rupee image18,935 Rupee image24,64,575
July Rupee image5,174 Rupee image13,761 Rupee image18,935 Rupee image24,59,401
Aug Rupee image5,203 Rupee image13,732 Rupee image18,935 Rupee image24,54,198
Sep Rupee image5,232 Rupee image13,703 Rupee image18,935 Rupee image24,48,966
Oct Rupee image5,261 Rupee image13,673 Rupee image18,934 Rupee image24,43,704
Nov Rupee image5,291 Rupee image13,644 Rupee image18,935 Rupee image24,38,413
Dec Rupee image5,320 Rupee image13,614 Rupee image18,934 Rupee image24,33,093
3 Rupee image66,210 Rupee image1,61,009 Rupee image2,27,219 Rupee image23,66,883
Jan Rupee image5,350 Rupee image13,585 Rupee image18,935 Rupee image24,27,743
Feb Rupee image5,380 Rupee image13,555 Rupee image18,935 Rupee image24,22,363
Mar Rupee image5,410 Rupee image13,525 Rupee image18,935 Rupee image24,16,953
Apr Rupee image5,440 Rupee image13,495 Rupee image18,935 Rupee image24,11,513
May Rupee image5,471 Rupee image13,464 Rupee image18,935 Rupee image24,06,042
Jun Rupee image5,501 Rupee image13,434 Rupee image18,935 Rupee image24,00,541
July Rupee image5,532 Rupee image13,403 Rupee image18,935 Rupee image23,95,009
Aug Rupee image5,563 Rupee image13,372 Rupee image18,935 Rupee image23,89,446
Sep Rupee image5,594 Rupee image13,341 Rupee image18,935 Rupee image23,83,853
Oct Rupee image5,625 Rupee image13,310 Rupee image18,935 Rupee image23,78,228
Nov Rupee image5,656 Rupee image13,278 Rupee image18,934 Rupee image23,72,571
Dec Rupee image5,688 Rupee image13,247 Rupee image18,935 Rupee image23,66,883
4 Rupee image70,785 Rupee image1,56,435 Rupee image2,27,220 Rupee image22,96,099
Jan Rupee image5,720 Rupee image13,215 Rupee image18,935 Rupee image23,61,163
Feb Rupee image5,752 Rupee image13,183 Rupee image18,935 Rupee image23,55,412
Mar Rupee image5,784 Rupee image13,151 Rupee image18,935 Rupee image23,49,628
Apr Rupee image5,816 Rupee image13,119 Rupee image18,935 Rupee image23,43,812
May Rupee image5,849 Rupee image13,086 Rupee image18,935 Rupee image23,37,963
Jun Rupee image5,881 Rupee image13,054 Rupee image18,935 Rupee image23,32,082
July Rupee image5,914 Rupee image13,021 Rupee image18,935 Rupee image23,26,168
Aug Rupee image5,947 Rupee image12,988 Rupee image18,935 Rupee image23,20,221
Sep Rupee image5,980 Rupee image12,955 Rupee image18,935 Rupee image23,14,241
Oct Rupee image6,014 Rupee image12,921 Rupee image18,935 Rupee image23,08,227
Nov Rupee image6,047 Rupee image12,888 Rupee image18,935 Rupee image23,02,180
Dec Rupee image6,081 Rupee image12,854 Rupee image18,935 Rupee image22,96,099
5 Rupee image75,676 Rupee image1,51,543 Rupee image2,27,219 Rupee image22,20,423
Jan Rupee image6,115 Rupee image12,820 Rupee image18,935 Rupee image22,89,984
Feb Rupee image6,149 Rupee image12,786 Rupee image18,935 Rupee image22,83,835
Mar Rupee image6,183 Rupee image12,751 Rupee image18,934 Rupee image22,77,651
Apr Rupee image6,218 Rupee image12,717 Rupee image18,935 Rupee image22,71,433
May Rupee image6,253 Rupee image12,682 Rupee image18,935 Rupee image22,65,180
Jun Rupee image6,288 Rupee image12,647 Rupee image18,935 Rupee image22,58,893
July Rupee image6,323 Rupee image12,612 Rupee image18,935 Rupee image22,52,570
Aug Rupee image6,358 Rupee image12,577 Rupee image18,935 Rupee image22,46,212
Sep Rupee image6,394 Rupee image12,541 Rupee image18,935 Rupee image22,39,819
Oct Rupee image6,429 Rupee image12,506 Rupee image18,935 Rupee image22,33,389
Nov Rupee image6,465 Rupee image12,470 Rupee image18,935 Rupee image22,26,924
Dec Rupee image6,501 Rupee image12,434 Rupee image18,935 Rupee image22,20,423
6 Rupee image80,904 Rupee image1,46,313 Rupee image2,27,217 Rupee image21,39,519
Jan Rupee image6,537 Rupee image12,397 Rupee image18,934 Rupee image22,13,886
Feb Rupee image6,574 Rupee image12,361 Rupee image18,935 Rupee image22,07,312
Mar Rupee image6,611 Rupee image12,324 Rupee image18,935 Rupee image22,00,701
Apr Rupee image6,648 Rupee image12,287 Rupee image18,935 Rupee image21,94,053
May Rupee image6,685 Rupee image12,250 Rupee image18,935 Rupee image21,87,369
Jun Rupee image6,722 Rupee image12,213 Rupee image18,935 Rupee image21,80,647
July Rupee image6,760 Rupee image12,175 Rupee image18,935 Rupee image21,73,887
Aug Rupee image6,797 Rupee image12,138 Rupee image18,935 Rupee image21,67,090
Sep Rupee image6,835 Rupee image12,100 Rupee image18,935 Rupee image21,60,254
Oct Rupee image6,873 Rupee image12,061 Rupee image18,934 Rupee image21,53,381
Nov Rupee image6,912 Rupee image12,023 Rupee image18,935 Rupee image21,46,469
Dec Rupee image6,950 Rupee image11,984 Rupee image18,934 Rupee image21,39,519
7 Rupee image86,495 Rupee image1,40,722 Rupee image2,27,217 Rupee image20,53,024
Jan Rupee image6,989 Rupee image11,946 Rupee image18,935 Rupee image21,32,530
Feb Rupee image7,028 Rupee image11,907 Rupee image18,935 Rupee image21,25,501
Mar Rupee image7,067 Rupee image11,867 Rupee image18,934 Rupee image21,18,434
Apr Rupee image7,107 Rupee image11,828 Rupee image18,935 Rupee image21,11,327
May Rupee image7,147 Rupee image11,788 Rupee image18,935 Rupee image21,04,180
Jun Rupee image7,187 Rupee image11,748 Rupee image18,935 Rupee image20,96,994
July Rupee image7,227 Rupee image11,708 Rupee image18,935 Rupee image20,89,767
Aug Rupee image7,267 Rupee image11,668 Rupee image18,935 Rupee image20,82,500
Sep Rupee image7,308 Rupee image11,627 Rupee image18,935 Rupee image20,75,193
Oct Rupee image7,348 Rupee image11,586 Rupee image18,934 Rupee image20,67,844
Nov Rupee image7,389 Rupee image11,545 Rupee image18,934 Rupee image20,60,455
Dec Rupee image7,431 Rupee image11,504 Rupee image18,935 Rupee image20,53,024
8 Rupee image92,470 Rupee image1,34,748 Rupee image2,27,218 Rupee image19,60,553
Jan Rupee image7,472 Rupee image11,463 Rupee image18,935 Rupee image20,45,552
Feb Rupee image7,514 Rupee image11,421 Rupee image18,935 Rupee image20,38,038
Mar Rupee image7,556 Rupee image11,379 Rupee image18,935 Rupee image20,30,482
Apr Rupee image7,598 Rupee image11,337 Rupee image18,935 Rupee image20,22,884
May Rupee image7,640 Rupee image11,294 Rupee image18,934 Rupee image20,15,244
Jun Rupee image7,683 Rupee image11,252 Rupee image18,935 Rupee image20,07,561
July Rupee image7,726 Rupee image11,209 Rupee image18,935 Rupee image19,99,835
Aug Rupee image7,769 Rupee image11,166 Rupee image18,935 Rupee image19,92,066
Sep Rupee image7,812 Rupee image11,122 Rupee image18,934 Rupee image19,84,253
Oct Rupee image7,856 Rupee image11,079 Rupee image18,935 Rupee image19,76,397
Nov Rupee image7,900 Rupee image11,035 Rupee image18,935 Rupee image19,68,497
Dec Rupee image7,944 Rupee image10,991 Rupee image18,935 Rupee image19,60,553
9 Rupee image98,860 Rupee image1,28,359 Rupee image2,27,219 Rupee image18,61,693
Jan Rupee image7,988 Rupee image10,946 Rupee image18,934 Rupee image19,52,565
Feb Rupee image8,033 Rupee image10,902 Rupee image18,935 Rupee image19,44,532
Mar Rupee image8,078 Rupee image10,857 Rupee image18,935 Rupee image19,36,454
Apr Rupee image8,123 Rupee image10,812 Rupee image18,935 Rupee image19,28,331
May Rupee image8,168 Rupee image10,767 Rupee image18,935 Rupee image19,20,162
Jun Rupee image8,214 Rupee image10,721 Rupee image18,935 Rupee image19,11,949
July Rupee image8,260 Rupee image10,675 Rupee image18,935 Rupee image19,03,689
Aug Rupee image8,306 Rupee image10,629 Rupee image18,935 Rupee image18,95,383
Sep Rupee image8,352 Rupee image10,583 Rupee image18,935 Rupee image18,87,030
Oct Rupee image8,399 Rupee image10,536 Rupee image18,935 Rupee image18,78,632
Nov Rupee image8,446 Rupee image10,489 Rupee image18,935 Rupee image18,70,186
Dec Rupee image8,493 Rupee image10,442 Rupee image18,935 Rupee image18,61,693
10 Rupee image1,05,691 Rupee image1,21,526 Rupee image2,27,217 Rupee image17,56,001
Jan Rupee image8,540 Rupee image10,394 Rupee image18,934 Rupee image18,53,152
Feb Rupee image8,588 Rupee image10,347 Rupee image18,935 Rupee image18,44,564
Mar Rupee image8,636 Rupee image10,299 Rupee image18,935 Rupee image18,35,928
Apr Rupee image8,684 Rupee image10,251 Rupee image18,935 Rupee image18,27,244
May Rupee image8,733 Rupee image10,202 Rupee image18,935 Rupee image18,18,511
Jun Rupee image8,782 Rupee image10,153 Rupee image18,935 Rupee image18,09,730
July Rupee image8,831 Rupee image10,104 Rupee image18,935 Rupee image18,00,899
Aug Rupee image8,880 Rupee image10,055 Rupee image18,935 Rupee image17,92,019
Sep Rupee image8,929 Rupee image10,005 Rupee image18,934 Rupee image17,83,090
Oct Rupee image8,979 Rupee image9,956 Rupee image18,935 Rupee image17,74,111
Nov Rupee image9,029 Rupee image9,905 Rupee image18,934 Rupee image17,65,081
Dec Rupee image9,080 Rupee image9,855 Rupee image18,935 Rupee image17,56,001
11 Rupee image1,12,993 Rupee image1,14,224 Rupee image2,27,217 Rupee image16,43,007
Jan Rupee image9,131 Rupee image9,804 Rupee image18,935 Rupee image17,46,871
Feb Rupee image9,181 Rupee image9,753 Rupee image18,934 Rupee image17,37,689
Mar Rupee image9,233 Rupee image9,702 Rupee image18,935 Rupee image17,28,457
Apr Rupee image9,284 Rupee image9,651 Rupee image18,935 Rupee image17,19,172
May Rupee image9,336 Rupee image9,599 Rupee image18,935 Rupee image17,09,836
Jun Rupee image9,388 Rupee image9,547 Rupee image18,935 Rupee image17,00,448
July Rupee image9,441 Rupee image9,494 Rupee image18,935 Rupee image16,91,007
Aug Rupee image9,493 Rupee image9,441 Rupee image18,934 Rupee image16,81,514
Sep Rupee image9,546 Rupee image9,388 Rupee image18,934 Rupee image16,71,967
Oct Rupee image9,600 Rupee image9,335 Rupee image18,935 Rupee image16,62,368
Nov Rupee image9,653 Rupee image9,282 Rupee image18,935 Rupee image16,52,714
Dec Rupee image9,707 Rupee image9,228 Rupee image18,935 Rupee image16,43,007
12 Rupee image1,20,801 Rupee image1,06,417 Rupee image2,27,218 Rupee image15,22,206
Jan Rupee image9,761 Rupee image9,173 Rupee image18,934 Rupee image16,33,246
Feb Rupee image9,816 Rupee image9,119 Rupee image18,935 Rupee image16,23,430
Mar Rupee image9,871 Rupee image9,064 Rupee image18,935 Rupee image16,13,559
Apr Rupee image9,926 Rupee image9,009 Rupee image18,935 Rupee image16,03,633
May Rupee image9,981 Rupee image8,954 Rupee image18,935 Rupee image15,93,652
Jun Rupee image10,037 Rupee image8,898 Rupee image18,935 Rupee image15,83,615
July Rupee image10,093 Rupee image8,842 Rupee image18,935 Rupee image15,73,522
Aug Rupee image10,149 Rupee image8,785 Rupee image18,934 Rupee image15,63,373
Sep Rupee image10,206 Rupee image8,729 Rupee image18,935 Rupee image15,53,167
Oct Rupee image10,263 Rupee image8,672 Rupee image18,935 Rupee image15,42,904
Nov Rupee image10,320 Rupee image8,615 Rupee image18,935 Rupee image15,32,583
Dec Rupee image10,378 Rupee image8,557 Rupee image18,935 Rupee image15,22,206
13 Rupee image1,29,148 Rupee image98,069 Rupee image2,27,217 Rupee image13,93,057
Jan Rupee image10,436 Rupee image8,499 Rupee image18,935 Rupee image15,11,770
Feb Rupee image10,494 Rupee image8,441 Rupee image18,935 Rupee image15,01,276
Mar Rupee image10,553 Rupee image8,382 Rupee image18,935 Rupee image14,90,723
Apr Rupee image10,612 Rupee image8,323 Rupee image18,935 Rupee image14,80,111
May Rupee image10,671 Rupee image8,264 Rupee image18,935 Rupee image14,69,440
Jun Rupee image10,730 Rupee image8,204 Rupee image18,934 Rupee image14,58,710
July Rupee image10,790 Rupee image8,144 Rupee image18,934 Rupee image14,47,919
Aug Rupee image10,851 Rupee image8,084 Rupee image18,935 Rupee image14,37,069
Sep Rupee image10,911 Rupee image8,024 Rupee image18,935 Rupee image14,26,158
Oct Rupee image10,972 Rupee image7,963 Rupee image18,935 Rupee image14,15,185
Nov Rupee image11,033 Rupee image7,901 Rupee image18,934 Rupee image14,04,152
Dec Rupee image11,095 Rupee image7,840 Rupee image18,935 Rupee image13,93,057
14 Rupee image1,38,072 Rupee image89,147 Rupee image2,27,219 Rupee image12,54,985
Jan Rupee image11,157 Rupee image7,778 Rupee image18,935 Rupee image13,81,900
Feb Rupee image11,219 Rupee image7,716 Rupee image18,935 Rupee image13,70,681
Mar Rupee image11,282 Rupee image7,653 Rupee image18,935 Rupee image13,59,399
Apr Rupee image11,345 Rupee image7,590 Rupee image18,935 Rupee image13,48,054
May Rupee image11,408 Rupee image7,527 Rupee image18,935 Rupee image13,36,646
Jun Rupee image11,472 Rupee image7,463 Rupee image18,935 Rupee image13,25,174
July Rupee image11,536 Rupee image7,399 Rupee image18,935 Rupee image13,13,638
Aug Rupee image11,600 Rupee image7,334 Rupee image18,934 Rupee image13,02,037
Sep Rupee image11,665 Rupee image7,270 Rupee image18,935 Rupee image12,90,372
Oct Rupee image11,730 Rupee image7,205 Rupee image18,935 Rupee image12,78,642
Nov Rupee image11,796 Rupee image7,139 Rupee image18,935 Rupee image12,66,846
Dec Rupee image11,862 Rupee image7,073 Rupee image18,935 Rupee image12,54,985
15 Rupee image1,47,612 Rupee image79,605 Rupee image2,27,217 Rupee image11,07,372
Jan Rupee image11,928 Rupee image7,007 Rupee image18,935 Rupee image12,43,057
Feb Rupee image11,994 Rupee image6,940 Rupee image18,934 Rupee image12,31,062
Mar Rupee image12,061 Rupee image6,873 Rupee image18,934 Rupee image12,19,001
Apr Rupee image12,129 Rupee image6,806 Rupee image18,935 Rupee image12,06,872
May Rupee image12,196 Rupee image6,738 Rupee image18,934 Rupee image11,94,676
Jun Rupee image12,265 Rupee image6,670 Rupee image18,935 Rupee image11,82,411
July Rupee image12,333 Rupee image6,602 Rupee image18,935 Rupee image11,70,078
Aug Rupee image12,402 Rupee image6,533 Rupee image18,935 Rupee image11,57,676
Sep Rupee image12,471 Rupee image6,464 Rupee image18,935 Rupee image11,45,205
Oct Rupee image12,541 Rupee image6,394 Rupee image18,935 Rupee image11,32,664
Nov Rupee image12,611 Rupee image6,324 Rupee image18,935 Rupee image11,20,053
Dec Rupee image12,681 Rupee image6,254 Rupee image18,935 Rupee image11,07,372
16 Rupee image1,57,811 Rupee image69,408 Rupee image2,27,219 Rupee image9,49,560
Jan Rupee image12,752 Rupee image6,183 Rupee image18,935 Rupee image10,94,620
Feb Rupee image12,823 Rupee image6,112 Rupee image18,935 Rupee image10,81,797
Mar Rupee image12,895 Rupee image6,040 Rupee image18,935 Rupee image10,68,902
Apr Rupee image12,967 Rupee image5,968 Rupee image18,935 Rupee image10,55,935
May Rupee image13,039 Rupee image5,896 Rupee image18,935 Rupee image10,42,896
Jun Rupee image13,112 Rupee image5,823 Rupee image18,935 Rupee image10,29,784
July Rupee image13,185 Rupee image5,750 Rupee image18,935 Rupee image10,16,599
Aug Rupee image13,259 Rupee image5,676 Rupee image18,935 Rupee image10,03,340
Sep Rupee image13,333 Rupee image5,602 Rupee image18,935 Rupee image9,90,007
Oct Rupee image13,407 Rupee image5,528 Rupee image18,935 Rupee image9,76,600
Nov Rupee image13,482 Rupee image5,453 Rupee image18,935 Rupee image9,63,118
Dec Rupee image13,557 Rupee image5,377 Rupee image18,934 Rupee image9,49,560
17 Rupee image1,68,716 Rupee image58,504 Rupee image2,27,220 Rupee image7,80,844
Jan Rupee image13,633 Rupee image5,302 Rupee image18,935 Rupee image9,35,927
Feb Rupee image13,709 Rupee image5,226 Rupee image18,935 Rupee image9,22,218
Mar Rupee image13,786 Rupee image5,149 Rupee image18,935 Rupee image9,08,432
Apr Rupee image13,863 Rupee image5,072 Rupee image18,935 Rupee image8,94,569
May Rupee image13,940 Rupee image4,995 Rupee image18,935 Rupee image8,80,629
Jun Rupee image14,018 Rupee image4,917 Rupee image18,935 Rupee image8,66,611
July Rupee image14,096 Rupee image4,839 Rupee image18,935 Rupee image8,52,515
Aug Rupee image14,175 Rupee image4,760 Rupee image18,935 Rupee image8,38,340
Sep Rupee image14,254 Rupee image4,681 Rupee image18,935 Rupee image8,24,086
Oct Rupee image14,334 Rupee image4,601 Rupee image18,935 Rupee image8,09,752
Nov Rupee image14,414 Rupee image4,521 Rupee image18,935 Rupee image7,95,338
Dec Rupee image14,494 Rupee image4,441 Rupee image18,935 Rupee image7,80,844
18 Rupee image1,80,374 Rupee image46,844 Rupee image2,27,218 Rupee image6,00,470
Jan Rupee image14,575 Rupee image4,360 Rupee image18,935 Rupee image7,66,269
Feb Rupee image14,657 Rupee image4,278 Rupee image18,935 Rupee image7,51,612
Mar Rupee image14,738 Rupee image4,197 Rupee image18,935 Rupee image7,36,874
Apr Rupee image14,821 Rupee image4,114 Rupee image18,935 Rupee image7,22,053
May Rupee image14,903 Rupee image4,031 Rupee image18,934 Rupee image7,07,150
Jun Rupee image14,987 Rupee image3,948 Rupee image18,935 Rupee image6,92,163
July Rupee image15,070 Rupee image3,865 Rupee image18,935 Rupee image6,77,093
Aug Rupee image15,154 Rupee image3,780 Rupee image18,934 Rupee image6,61,938
Sep Rupee image15,239 Rupee image3,696 Rupee image18,935 Rupee image6,46,699
Oct Rupee image15,324 Rupee image3,611 Rupee image18,935 Rupee image6,31,375
Nov Rupee image15,410 Rupee image3,525 Rupee image18,935 Rupee image6,15,966
Dec Rupee image15,496 Rupee image3,439 Rupee image18,935 Rupee image6,00,470
19 Rupee image1,92,837 Rupee image34,381 Rupee image2,27,218 Rupee image4,07,633
Jan Rupee image15,582 Rupee image3,353 Rupee image18,935 Rupee image5,84,888
Feb Rupee image15,669 Rupee image3,266 Rupee image18,935 Rupee image5,69,218
Mar Rupee image15,757 Rupee image3,178 Rupee image18,935 Rupee image5,53,462
Apr Rupee image15,845 Rupee image3,090 Rupee image18,935 Rupee image5,37,617
May Rupee image15,933 Rupee image3,002 Rupee image18,935 Rupee image5,21,684
Jun Rupee image16,022 Rupee image2,913 Rupee image18,935 Rupee image5,05,662
July Rupee image16,112 Rupee image2,823 Rupee image18,935 Rupee image4,89,550
Aug Rupee image16,202 Rupee image2,733 Rupee image18,935 Rupee image4,73,349
Sep Rupee image16,292 Rupee image2,643 Rupee image18,935 Rupee image4,57,057
Oct Rupee image16,383 Rupee image2,552 Rupee image18,935 Rupee image4,40,674
Nov Rupee image16,474 Rupee image2,460 Rupee image18,934 Rupee image4,24,199
Dec Rupee image16,566 Rupee image2,368 Rupee image18,934 Rupee image4,07,633
20 Rupee image2,06,162 Rupee image21,057 Rupee image2,27,219 Rupee image2,01,471
Jan Rupee image16,659 Rupee image2,276 Rupee image18,935 Rupee image3,90,974
Feb Rupee image16,752 Rupee image2,183 Rupee image18,935 Rupee image3,74,222
Mar Rupee image16,845 Rupee image2,089 Rupee image18,934 Rupee image3,57,377
Apr Rupee image16,940 Rupee image1,995 Rupee image18,935 Rupee image3,40,437
May Rupee image17,034 Rupee image1,901 Rupee image18,935 Rupee image3,23,403
Jun Rupee image17,129 Rupee image1,806 Rupee image18,935 Rupee image3,06,274
July Rupee image17,225 Rupee image1,710 Rupee image18,935 Rupee image2,89,049
Aug Rupee image17,321 Rupee image1,614 Rupee image18,935 Rupee image2,71,728
Sep Rupee image17,418 Rupee image1,517 Rupee image18,935 Rupee image2,54,310
Oct Rupee image17,515 Rupee image1,420 Rupee image18,935 Rupee image2,36,795
Nov Rupee image17,613 Rupee image1,322 Rupee image18,935 Rupee image2,19,183
Dec Rupee image17,711 Rupee image1,224 Rupee image18,935 Rupee image2,01,471
21 Rupee image2,01,471 Rupee image6,812 Rupee image2,08,283 Rupee image0
Jan Rupee image17,810 Rupee image1,125 Rupee image18,935 Rupee image1,83,662
Feb Rupee image17,909 Rupee image1,025 Rupee image18,934 Rupee image1,65,752
Mar Rupee image18,009 Rupee image925 Rupee image18,934 Rupee image1,47,743
Apr Rupee image18,110 Rupee image825 Rupee image18,935 Rupee image1,29,633
May Rupee image18,211 Rupee image724 Rupee image18,935 Rupee image1,11,422
Jun Rupee image18,313 Rupee image622 Rupee image18,935 Rupee image93,109
July Rupee image18,415 Rupee image520 Rupee image18,935 Rupee image74,694
Aug Rupee image18,518 Rupee image417 Rupee image18,935 Rupee image56,176
Sep Rupee image18,621 Rupee image314 Rupee image18,935 Rupee image37,555
Oct Rupee image18,725 Rupee image210 Rupee image18,935 Rupee image18,830
Nov Rupee image18,830 Rupee image105 Rupee image18,935 Rupee image0

Formula to calculate EMI

The formula which is used to calculate the equated monthly installments which you are required to pay the lender for availing the loan is

P x R x (1+R)^N/[(1+R) ^ (N-1)]

where P stands for principal amount, R is rate of interest and N is loan tenure.

Personal Loan EMI

Let us assume that these are the details of your personal loan by using personal loan EMI calculator :

Loan amount Loan tenure Interest rate Processing fee Loan EMI
Rs.10 lakh 5 years 10.99% 2% Rs.21,737

Total amount payable

Total interest due Rs.3,04,246
Processing fee Rs.20,000
Loan quantum Rs.10 lakh
Total amount to be paid Rs.13,24,246

EMI breakup for a personal loan of Rs.10 lakh

Year Principal (in Rs.) Interest (in Rs.) Total of Principal and Interest (in Rs.) Outstanding Loan Balance (in Rs.)
2020 90,510 61,652 1,52,162 9,09,490
2021 1,69,254 91,597 2,60,851 7,40,236
2022 1,88,821 72,029 2,60,850 5,51,416
2023 2,10,649 50,199 2,60,848 3,40,766
2024 2,35,002 25,846 2,60,848 1,05,764
2025 1,05,764 2,923 1,08,687 0

The above calculation has been done assuming that you are not making any prepayments and the loan has been availed in the month of June 2020.

Home Loan EMI

Let us assume that these are the details of your home loan by using home loan EMI calculator :

Loan amount Loan tenure Interest rate Processing fee Loan EMI
Rs.40 lakh 10 years 9.75% 0.5% Rs.52,308

Total amount payable

Total interest due Rs.22,76,972
Processing fee Rs.20,000
Loan quantum Rs.40 lakh
Total amount to be paid Rs.62,96,972

EMI breakup for a home loan of Rs.40 lakh

Year Principal (in Rs.) Interest (in Rs.) Total of Principal and Interest (in Rs.) Outstanding Loan Balance (in Rs.)
2020 1,42,083 2,24,074 3,66,157 38,57,917
2021 2,63,101 3,64,597 6,27,698 35,94,816
2022 2,89,931 3,37,766 6,27,697 33,04,884
2023 3,19,496 3,08,200 6,27,696 29,85,386
2024 3,52,080 2,75,617 6,27,697 26,33,306
2025 3,87,983 2,39,713 6,27,696 22,45,322
2026 4,27,550 2,00,147 6,27,697 18,17,773
2027 4,71,150 1,56,546 6,27,696 13,46,623
2028 5,19,197 1,08,499 6,27,696 8,27,427
2029 5,72,141 55,555 6,27,696 2,55,284
2030 2,55,284 6,257 2,61,541 0

The above calculation has been done assuming that you are not making any prepayments and the loan has been availed in the month of June 2020.

Car Loan EMI

Let us assume that these are the details of your car loan by using car loan EMI calculator :

Loan amount Loan tenure Interest rate Processing fee Loan EMI
Rs.8 lakh 5 years 9.12% 2.5% Rs.16,653

Total amount payable

Total interest due Rs.1,99,199
Processing fee Rs.20,000
Loan quantum Rs.8 lakh
Total amount to be paid Rs.10,19,199

EMI breakup for a car loan of Rs.18 lakh

Year Principal Interest Total of Principal and Interest Outstanding Loan Balance
2020 75,722 40,852 1,16,574 7,24,278
2021 1,39,524 60,317 1,99,841 5,84,756
2022 1,52,793 47,049 1,99,842 4,31,964
2023 1,67,324 32,516 1,99,840 2,64,640
2024 1,83,238 16,602 1,99,840 81,401
2025 81,402 1,866 83,268 0

The above calculation has been done assuming that you are not making any prepayments and the loan has been availed in the month of June 2020.

How BankBazaar Personal/Home/Car Loan EMI Calculator Works?

The BankBazaar Equated Monthly Instalment Calculator is very easy to use. It uses some basic details of the loan that you are willing to avail. In the calculator, you will be required to provide the following details:

  • Adjust the slider on the top or type the loan amount.
  • Under the ‘Loan Amount’ slider, adjust the ‘Tenure’ slider or type in the loan repayment tenure that you are willing to avail.
  • Fill in the field provided for the rate of interest.
  • Fill in the field provided for the processing fee.
  • Check the box under these field, if you want to make pre-payments.
  • Hit the ‘Calculate’ button after entering all details.

After this, the BankBazaar EMI Calculator will process the details and show you ‘Your Monthly Loan EMI’ amount. In addition to this, the calculator will also display a detailed amortisation table for the loan. The actual loan amount, total due interest, and the processing fee are also calculated and displayed at the same time.

Effect of loan prepayment on your Instalment payments

Should you find yourself flush with cash, you may decide to prepay your loan (i.e. pay an extra amount towards principal). If so, you can calculate your new EMIs by adjusting for the amount you wish to prepay. This will let you know how much interest you save by reducing the principal outstanding. (interest is calculated on the principal outstanding).

On the basis of the prepayment that you make and the terms and conditions of the loan-provider, you might be required to pay an extra amount in the form of prepayment charge or fee.

Factors that can impact your due amount

When you are planning to take a loan for your financial needs, you need to calculate the amount that you will have to pay through equated monthly installments in order to match with your repayment capability. For this, you will need to take a few factors under consideration which can be altered to meet your loan requirement and repayment capability:

  • Rate of Interest (ROI): The rate of interest of the loan that you are availing will contribute in determining the due instalment amount. The best way forward would be to compare different loan products and then choosing the one that serves you best. A lower rate of interest will mean that the overall amount that you pay towards interest will also be low.
  • Loan amount: The loan amount will also help in determining the overall EMI amount that you would have to pay. Thus, choosing the loan amount wisely is an important step.
  • When the term of the loan changes If a person manages to get his or her loan tenure extended or reduced, the Equated Monthly Instalment payable towards the loan will also increase or decrease accordingly in order to adjust to the new loan tenure. If you opt for a long tenure, you will have to pay more money towards interest in the long run. However, a shorter term of the loan will translate to less amount to be paid as interest but higher EMIs.

FAQs on EMI Calculator

  1. Are the calculators for home, car and personal loans the same?

    In most cases they can be the same since all three loans work off the same basic set of information like amount borrowed, prepayments, tenure, interest rates and processing fee however with some calculators there could be a restriction placed on the amount to borrow based on the type of loan.

  2. Is the Equated Monthly Instalment amount shown by the calculator the same as that which the bank will ask me to pay?

    When it comes to the EMI, assuming that the bank will approve the amount and tenure, the exact instalment that you will have to pay may differ slightly since there is a chance that things like the interest rates and the processing fee may be a bit different from what you used while calculating the due amount.

  3. What happens if I fail to make an Equated Monthly Instalment payment?

    The bank will charge a penalty fee if a borrower misses an EMI payment. A missed or delayed instalment payment will reflect on your credit report. Not making loan due amount payments on time can have a negative effect on your credit score.

  4. Is my loan EMI fixed or can it change over the loan tenure?

    In the case of a business loan and home loan, banks offer floating rate of interest. Therefore, your loan instalment may change with the change in interest rate. Some banks allow you keep the Equated Monthly Instalment constant while increasing the loan tenure. Loan prepayment can also change your due amount. Banks will give you the option to either keep the EMI constant and decrease the loan tenure or reduce the Equated Monthly Instalment and keep the loan tenure the same.

  5. Is it good to pre-close a loan before the end of its tenure?

    Pre-closing your loan before the end of its tenure can have a negative effect on your credit score. Making timely due payments can help you improve your credit score. Therefore, opt to prepay a part of your loan (not the whole loan) and reduce the loan tenure to save up on interest payments. Banks charge a penalty fee for prepayment.

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Further Reading about EMI Calculator

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