⌖ Loans & Installments
EMI Calculator.
Equated monthly instalment for any loan.
⌖ Inputs
⌖ Result
Monthly EMI
₹21,494
Across 60 months at 10.50% per annum.
Total interest payable
₹2,89,634
Total amount payable
₹12,89,634
Interest as % of total
22.5%
⌖ Year-wise schedule
Year
Principal
Interest
Balance
01
1,60,505
97,421
8,39,495
02
1,78,194
79,733
6,61,301
03
1,97,831
60,096
4,63,470
04
2,19,633
38,294
2,43,837
05
2,43,837
14,090
0
⌖ §I / Formula
The math,
in the open.
The standard amortisation formula keeps your monthly outgo constant while the split between principal and interest shifts over time — interest-heavy at the start, principal-heavy near the end.
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
Where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the tenure in months. Total interest paid over the life of the loan equals EMI × n − P.