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Loan EMI Calculator

Recalculate your Loan EMI and Total Interest Due in a snap!

Your Loan Details

Use the slider to alter your Loan details.

Loan Amount
Loan Amount:
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: Rupee image 4,292

Monthly amount paid to your Loan provider

Break-up of all total amount payable
Loan Amount
25000Rupee image
Total Interest Due
756Rupee image
Processing Fee
500Rupee image
Loan Amount Via EMI
500Rupee image
Loan Amount Prepaid
500Rupee image
Total Interest
500Rupee image
Processing Fee
500Rupee image
Pre-payment Fee
500Rupee image
Total Amount Payable
26252Rupee image
Your loan details as specified by you
Loan Amount
25000Rupee image
6 Months
Interest Rate
Processing Fee
25000Rupee image

Your Amortization Details (Yearly/Monthly)

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

amortization chart
Principal Paid Interest Paid Outstanding Loan BalanceO/S Balance(Without Pre-payment) O/S Balance(With Pre-payment)
Year Principal Paid(A) Interest Paid(B) Total Payment (A+B) Outstanding Loan Balance Pre-payment
Pre-payment Analysis

(We've broken it down for you!)

SummaryTotal AmountTenure
Without Pre-payment Rupee image 47,87,42610 yrs
With Pre-payment Rupee image 45,33,7238years 4months
YOU SAVE rupee0 YOUR TENURE REDUCED BY 1 years 8 months
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How to use's EMI calculator to understand your loan repayment

Know your EMIs in seconds with BankBazaar’s unique online financial tool - the EMI Calculator! Get a wealth of information pertaining to your loan payments in quick, easy steps to save time and money and make the most-informed choice to successfully meet your financing needs.

Simplify Loans with BankBazaar’s EMI Calculator:

BankBazaar’s EMI Calculator helps calculate the monthly instalments payable on any of your loans whether a personal loan, auto loan or home loan.

Calculating EMIs can be a tedious and confusing process. However, BankBazaar has an exceptional and simple EMI Calculator which lets you know the precise amount of your monthly EMIs instantly.

What BankBazaar’s EMI Calculator Can Do For You!

Help you arrive at EMIs in seconds - This calculator will help you calculate exactly how much money you need to pay towards your loan each month.

Simplify calculations - Determine EMIs accurately with minimal effort to reduce stress and confusion caused by tedious manual calculations.

Help plan your finances - Compare possible EMIs by varying the key loan parameters of tenure, amount and interest rate to determine which loan plan is the most affordable to you.

Be it a home loan, personal loan or car loan, now you can easily calculate your EMIs using this user-friendly tool offered by BankBazaar.

Using this calculator is very easy. All you need are the following loan details:

  • Loan amount - this is the amount you need to borrow
  • Interest rate - the interest rate for the chosen loan scheme
  • Tenure - the loan period
  • Processing Fee (if any) - the amount charged by the lender to process the loan
(If you don’t have this information at hand, you can obtain it navigating to your chosen bank’s loan page under the section ‘Select a product to begin’, featured under the calculator).Once, you have these details, use the sliders to set the required parameters for the loan amount and tenure. Then, input the interest rate and processing fee in the relevant boxes...

...and Voila!

The loan EMI calculator will instantly reveal your monthly EMI amount payable on the loan!

It will also provide a clear, graphic and tabular break-up of your loan repayments, using the EMI so calculated. In addition an amortization table is created which gives you a detailed overview of your repayment schedule. A cut above the rest, BankBazaar’s EMI Calculator delivers more than you expect.

BankBazaar has customised its EMI Calculator to suit different loan schemes. To calculate your EMIs on your personal loan, navigate to the Personal Loan EMI Calculator provided under the sites ‘Financial Tools’ section. Similarly, you can calculate EMIs on your auto and home loans using BankBazaar’s Car Loan EMI Calculator and BankBazaar’s Home Loan EMI Calculator, respectively.
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)
Pick the most affordable loan by comparing EMIs for different loan tenures. This can be done by altering the loan period in the calculator; keeping the loan amount and interest rate the same. By lengthening the loan period for a chosen loan scheme, the EMI amount can be reduced. Using the calculator, you can quickly compare EMIs for different tenures and choose the one that most suits your budget.
Understand loan repayment schedules by altering the interest rate, keeping loan amount and tenure the same. In case of fixed rate loans, interest rates remain constant over the loan tenure. In this case, EMIs also remain constant. This is usually the case with car loans and personal loans.However, in case of floating rate loans, interest rates can vary with movements in market rates. In this case, EMIs will change. This is particularly beneficial for home loans.Input the new interest rate in BankBazaar’s EMI Loan Calculator to compare EMIs before interest rate changes and after. A new amortization schedule is also generated to reflect changes in EMIs.
EMI stands for Equated Monthly Instalment which is a fixed amount of payment a borrower has to make to the lender at a specified date on monthly basis. EMIs consists of your principal loan amount and interest amount, payable every month.
Although the EMI remains fixed for every month, the amount paid towards principal and interest changes. The interest component constitutes a major portion of the EMI payment in the initial stages. However, as the loan period progresses and the principal outstanding reduces, the portion of interest repayment decreases. This happens until the end of the loan period when the entire loan amount has been paid off.
The mathematical formula for calculating EMI = [P x R x (1+R) ^n] / [(1+R)^ n-1]. (P is the principal loan amount, R rate of interest per month and N is the the number of monthly instalments). Manual calculations are too complicated to perform accurately, which is why many borrowers are left confused after availing a loan. Understanding this pain-point led BankBazaar to develop one of the easiest and most user-friendly online Loan EMI Calculators.
You can view your loan amortization schedule at BankBazaar by using its EMI Calculator. A loan amortization table is a systematic and tabular display of your loan payment process. The table shows the break-up between the interest component and principal component of a particular EMI payment, enabling you to have a clear idea about the period of payment, interest and principal payments, and the outstanding loan amount over the entire loan tenure. This table can be very helpful for you, in case you want pre-close the loan.
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Further Reading

Top picks from our Financial Expert

News About EMI Calculator

  • RBI is proposing to introduce interest rate options

    Posted on 9th February 2016

    RBI said that it is introducing options for interest rate so that the domestic entities can hedge their risk if they have an underlying interest rate risk. This gives the buyers the right to pay or receive the interest rate fixed for the agreed period. Banks usually face with the risk of prepayment of the housing loans and premature fixed deposit withdrawals. Which poses as a risk to the entities if not adequately managed. The availability of the interest rate option will help banks to manage their risk efficiently.

  • RBI to Discuss Liquidity Crunch with Bankers

    Posted on 8th February 2016

    Reserve Bank of India governor Raghuram Rajan is likely to discuss the liquidity crunch in the banking system with bankers in a meeting on Tuesday. The RBI wants to resolve the lack of cash in order to increase the yields that have made no progress despite a drop of 125 basis points on repo rate by the RBI in 2015.

    RBI has been ensuring sufficient cash in the system to align the overnight call money rates with the repo rate of 6.75 percent. The meeting on February 9 will examine why yields on other securities such as bonds are not in line with the repo/policy rate. It will also assess why the banks are not passing on the interest rate cuts to their customers.

  • RBI Leaves Repo Rates Untouched

    Posted on 3rd February 2016

    The Reserve Bank of India (RBI) on Tuesday left its repo rate untouched at 6.75 percent ahead of the Union Budget.

    RBI Governor Raghuram Rajan said the country needs to maintain its economic growth, which is currently bolstered by steady disinflation and a modest current account deficit. He said the central bank will wait for the budget to present the fiscal roadmap for the country, to determine whether a rate cut would be required.

    The RBI projected a retail inflation of 5 percent by the end of the fiscal year 2016-17, and a gross value added growth of 7.6 percent for the next fiscal.

  • Interest Rates on Loans Likely to Go Down Soon

    Posted on 1st February 2016

    The Reserve Bank of India (RBI) is expected to cut its repo rates once more in the current easing cycle, which means that interest rates on loans will decline slightly. The rate-cut could come either on Tuesday during the declaration of the RBI’s sixth bimonthly policy, or after the Union Budget for 2016-17.

  • Key RBI meeting could impact interest rates

    Posted on 29th January 2016

    The Reserve Bank of India will be convening a meeting on February 2nd, 2016, which could have an impact on interest rates. Experts are of the opinion that the RBI may cut the rate by 25-50 basis points, thanks to rising inflation in the economy. As per the goals of the RBI, it aims to achieve an annual inflation of under 5% in the coming year, but it has its task cut out with inflation jumping constantly.

  • RBI may announce further rate cut

    Posted on 28th January 2016

    If conditions permit, the central bank of the country, RBI may announce a rate cut of 25-50 basis points. This has been revealed by India Ratings or Ind-Ra. Although, since a few rate cuts last year, RBI has almost done away with any planned rate cuts for the year 2016. However, Ind-Ra feels that the stance of RBI in this regard could swing towards a base rate cut of 25-50 basis points.

    With a further rate cut in the base rate, all rates offered by banks will come down further and as such customers with financial instruments like Fixed Deposits and Recurring Deposits will earn a lower rate of return. On the other hand, customers with any kind of loan liability will see a decrease in their loan repayment installment or the EMI due to a reduced rate of interest.

  • EMIs may accepted for new LPG connections

    Posted on 27th January 2016

    The Oil companies in India are trying to sell cooking gas on EMIs basis so as to increase their sell. These companies target to sell nearly 10 crore new LPG connections in the next 3 years on EMI basis. According to Dharmendra Pradhan – the Union Minister for Petroleum and Natural Gas, people living below the poverty line would receive 50% rebate on new LPG connection. The cost of a new LPG connection which usually goes up Rs. 3,400 would be converted into EMIs and paid over 24 installments.

  • Women belonging to self help groups will now get loans at 7%

    Posted on 25th January 2016

    The Reserve Bank of India has asked commercial and cooperative banks, in more than 150 districts to provide loans to women of Self Help Groups (SHG). These loans will be provided for an amount of up to Rs. 3 lakhs. This amount will be provided at an attractive rate of interest of just 7%. The loans will be provided as per the National Rural Livelihoods Mission (NRLM), under the Aajeevika scheme during 2015-16. Any woman is eligible, and can apply for this loan. However, if the applicant already has an existing credit with the Swarnjayanti Gram Swarozgar Yojana, she will not be eligible for this loan.

  • RBI to cut its interest rates further.

    Posted on 22nd January 2016

    The Reserve Bank of India is expected to cut its interest rates further. So far, the bank has already made four reductions in the last year. A survey conducted by 28 economist recently revealed that expectations have not changed much in the past three months and there is only a moderate economic growth noticeable in India.

  • Cut-off rate set by RBI

    Posted on 21st January 2016

    The Reserve Bank of India, India’s central bank modified the cut-off rate, setting it at 6.76% at the 4 day repo rate auction held recently. It also kept the weighted average at 6.81%, apart from allotting a total of Rs 80.95 billion.

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