EMI Calculator

Calculate EMI (Equated Monthly Installment) for a fixed rate loan spanned across years with annual and monthly amortization tables.
You can calculate principal and interest components for financial years which are useful for tax calculations.


Loan Parameters
Loan Amount :
$
Interest rate :
%
Loan term :
years
EMI Start Date :
Financial Year :
Repayment Details

Loan Amount = $ 10,00,000

EMI = $ 9,650

Total Interest = $ 13,16,052

Total Payments = $ 23,16,052

Periods = 240 months

Last EMI Date = 18-April-2041

Repayment Chart
Payment Distribution Graph
Amortization Table
Year Total Payment Interest Principal Balance
  1 $ 1,15,803 $ 99,255 $ 16,547 $ 9,83,453
May-2021 9,650 8,333 1,317 9,98,683
June-2021 9,650 8,322 1,328 9,97,355
July-2021 9,650 8,311 1,339 9,96,016
August-2021 9,650 8,300 1,350 9,94,666
September-2021 9,650 8,289 1,361 9,93,305
October-2021 9,650 8,278 1,373 9,91,932
November-2021 9,650 8,266 1,384 9,90,548
December-2021 9,650 8,255 1,396 9,89,152
January-2022 9,650 8,243 1,407 9,87,745
February-2022 9,650 8,231 1,419 9,86,326
March-2022 9,650 8,219 1,431 9,84,895
April-2022 9,650 8,207 1,443 9,83,453
  2 $ 1,15,803 $ 97,522 $ 18,280 $ 9,65,173
May-2022 9,650 8,195 1,455 9,81,998
June-2022 9,650 8,183 1,467 9,80,531
July-2022 9,650 8,171 1,479 9,79,052
August-2022 9,650 8,159 1,491 9,77,560
September-2022 9,650 8,146 1,504 9,76,056
October-2022 9,650 8,134 1,516 9,74,540
November-2022 9,650 8,121 1,529 9,73,011
December-2022 9,650 8,108 1,542 9,71,469
January-2023 9,650 8,096 1,555 9,69,915
February-2023 9,650 8,083 1,568 9,68,347
March-2023 9,650 8,070 1,581 9,66,766
April-2023 9,650 8,056 1,594 9,65,173
  3 $ 1,15,803 $ 95,608 $ 20,194 $ 9,44,978
May-2023 9,650 8,043 1,607 9,63,565
June-2023 9,650 8,030 1,621 9,61,945
July-2023 9,650 8,016 1,634 9,60,311
August-2023 9,650 8,003 1,648 9,58,663
September-2023 9,650 7,989 1,661 9,57,002
October-2023 9,650 7,975 1,675 9,55,327
November-2023 9,650 7,961 1,689 9,53,638
December-2023 9,650 7,947 1,703 9,51,934
January-2024 9,650 7,933 1,717 9,50,217
February-2024 9,650 7,918 1,732 9,48,485
March-2024 9,650 7,904 1,746 9,46,739
April-2024 9,650 7,889 1,761 9,44,978
  4 $ 1,15,803 $ 93,494 $ 22,309 $ 9,22,669
May-2024 9,650 7,875 1,775 9,43,203
June-2024 9,650 7,860 1,790 9,41,413
July-2024 9,650 7,845 1,805 9,39,608
August-2024 9,650 7,830 1,820 9,37,787
September-2024 9,650 7,815 1,835 9,35,952
October-2024 9,650 7,800 1,851 9,34,101
November-2024 9,650 7,784 1,866 9,32,235
December-2024 9,650 7,769 1,882 9,30,354
January-2025 9,650 7,753 1,897 9,28,457
February-2025 9,650 7,737 1,913 9,26,543
March-2025 9,650 7,721 1,929 9,24,614
April-2025 9,650 7,705 1,945 9,22,669
  5 $ 1,15,803 $ 91,158 $ 24,645 $ 8,98,024
May-2025 9,650 7,689 1,961 9,20,708
June-2025 9,650 7,673 1,978 9,18,730
July-2025 9,650 7,656 1,994 9,16,736
August-2025 9,650 7,639 2,011 9,14,726
September-2025 9,650 7,623 2,028 9,12,698
October-2025 9,650 7,606 2,044 9,10,654
November-2025 9,650 7,589 2,061 9,08,592
December-2025 9,650 7,572 2,079 9,06,514
January-2026 9,650 7,554 2,096 9,04,418
February-2026 9,650 7,537 2,113 9,02,304
March-2026 9,650 7,519 2,131 9,00,173
April-2026 9,650 7,501 2,149 8,98,024
  6 $ 1,15,803 $ 88,577 $ 27,226 $ 8,70,799
May-2026 9,650 7,484 2,167 8,95,858
June-2026 9,650 7,465 2,185 8,93,673
July-2026 9,650 7,447 2,203 8,91,470
August-2026 9,650 7,429 2,221 8,89,249
September-2026 9,650 7,410 2,240 8,87,009
October-2026 9,650 7,392 2,258 8,84,750
November-2026 9,650 7,373 2,277 8,82,473
December-2026 9,650 7,354 2,296 8,80,177
January-2027 9,650 7,335 2,315 8,77,862
February-2027 9,650 7,316 2,335 8,75,527
March-2027 9,650 7,296 2,354 8,73,173
April-2027 9,650 7,276 2,374 8,70,799
  7 $ 1,15,803 $ 85,726 $ 30,076 $ 8,40,722
May-2027 9,650 7,257 2,394 8,68,405
June-2027 9,650 7,237 2,414 8,65,992
July-2027 9,650 7,217 2,434 8,63,558
August-2027 9,650 7,196 2,454 8,61,104
September-2027 9,650 7,176 2,474 8,58,630
October-2027 9,650 7,155 2,495 8,56,135
November-2027 9,650 7,134 2,516 8,53,619
December-2027 9,650 7,113 2,537 8,51,082
January-2028 9,650 7,092 2,558 8,48,525
February-2028 9,650 7,071 2,579 8,45,945
March-2028 9,650 7,050 2,601 8,43,345
April-2028 9,650 7,028 2,622 8,40,722
  8 $ 1,15,803 $ 82,577 $ 33,226 $ 8,07,497
May-2028 9,650 7,006 2,644 8,38,078
June-2028 9,650 6,984 2,666 8,35,412
July-2028 9,650 6,962 2,688 8,32,724
August-2028 9,650 6,939 2,711 8,30,013
September-2028 9,650 6,917 2,733 8,27,279
October-2028 9,650 6,894 2,756 8,24,523
November-2028 9,650 6,871 2,779 8,21,744
December-2028 9,650 6,848 2,802 8,18,941
January-2029 9,650 6,825 2,826 8,16,116
February-2029 9,650 6,801 2,849 8,13,267
March-2029 9,650 6,777 2,873 8,10,394
April-2029 9,650 6,753 2,897 8,07,497
  9 $ 1,15,803 $ 79,098 $ 36,705 $ 7,70,792
May-2029 9,650 6,729 2,921 8,04,576
June-2029 9,650 6,705 2,945 8,01,630
July-2029 9,650 6,680 2,970 7,98,660
August-2029 9,650 6,656 2,995 7,95,665
September-2029 9,650 6,631 3,020 7,92,646
October-2029 9,650 6,605 3,045 7,89,601
November-2029 9,650 6,580 3,070 7,86,531
December-2029 9,650 6,554 3,096 7,83,435
January-2030 9,650 6,529 3,122 7,80,313
February-2030 9,650 6,503 3,148 7,77,166
March-2030 9,650 6,476 3,174 7,73,992
April-2030 9,650 6,450 3,200 7,70,792
  10 $ 1,15,803 $ 75,254 $ 40,548 $ 7,30,243
May-2030 9,650 6,423 3,227 7,67,565
June-2030 9,650 6,396 3,254 7,64,311
July-2030 9,650 6,369 3,281 7,61,030
August-2030 9,650 6,342 3,308 7,57,722
September-2030 9,650 6,314 3,336 7,54,386
October-2030 9,650 6,287 3,364 7,51,022
November-2030 9,650 6,259 3,392 7,47,630
December-2030 9,650 6,230 3,420 7,44,210
January-2031 9,650 6,202 3,448 7,40,762
February-2031 9,650 6,173 3,477 7,37,285
March-2031 9,650 6,144 3,506 7,33,779
April-2031 9,650 6,115 3,535 7,30,243
  11 $ 1,15,803 $ 71,008 $ 44,794 $ 6,85,449
May-2031 9,650 6,085 3,565 7,26,678
June-2031 9,650 6,056 3,595 7,23,084
July-2031 9,650 6,026 3,625 7,19,459
August-2031 9,650 5,995 3,655 7,15,804
September-2031 9,650 5,965 3,685 7,12,119
October-2031 9,650 5,934 3,716 7,08,403
November-2031 9,650 5,903 3,747 7,04,657
December-2031 9,650 5,872 3,778 7,00,878
January-2032 9,650 5,841 3,810 6,97,069
February-2032 9,650 5,809 3,841 6,93,228
March-2032 9,650 5,777 3,873 6,89,354
April-2032 9,650 5,745 3,906 6,85,449
  12 $ 1,15,803 $ 66,318 $ 49,485 $ 6,35,964
May-2032 9,650 5,712 3,938 6,81,511
June-2032 9,650 5,679 3,971 6,77,540
July-2032 9,650 5,646 4,004 6,73,535
August-2032 9,650 5,613 4,037 6,69,498
September-2032 9,650 5,579 4,071 6,65,427
October-2032 9,650 5,545 4,105 6,61,322
November-2032 9,650 5,511 4,139 6,57,183
December-2032 9,650 5,477 4,174 6,53,009
January-2033 9,650 5,442 4,208 6,48,801
February-2033 9,650 5,407 4,244 6,44,557
March-2033 9,650 5,371 4,279 6,40,278
April-2033 9,650 5,336 4,315 6,35,964
  13 $ 1,15,803 $ 61,136 $ 54,667 $ 5,81,297
May-2033 9,650 5,300 4,351 6,31,613
June-2033 9,650 5,263 4,387 6,27,226
July-2033 9,650 5,227 4,423 6,22,803
August-2033 9,650 5,190 4,460 6,18,343
September-2033 9,650 5,153 4,497 6,13,845
October-2033 9,650 5,115 4,535 6,09,311
November-2033 9,650 5,078 4,573 6,04,738
December-2033 9,650 5,039 4,611 6,00,127
January-2034 9,650 5,001 4,649 5,95,478
February-2034 9,650 4,962 4,688 5,90,790
March-2034 9,650 4,923 4,727 5,86,063
April-2034 9,650 4,884 4,766 5,81,297
  14 $ 1,15,803 $ 55,412 $ 60,391 $ 5,20,906
May-2034 9,650 4,844 4,806 5,76,491
June-2034 9,650 4,804 4,846 5,71,645
July-2034 9,650 4,764 4,887 5,66,758
August-2034 9,650 4,723 4,927 5,61,831
September-2034 9,650 4,682 4,968 5,56,863
October-2034 9,650 4,641 5,010 5,51,853
November-2034 9,650 4,599 5,051 5,46,802
December-2034 9,650 4,557 5,094 5,41,708
January-2035 9,650 4,514 5,136 5,36,572
February-2035 9,650 4,471 5,179 5,31,393
March-2035 9,650 4,428 5,222 5,26,171
April-2035 9,650 4,385 5,265 5,20,906
  15 $ 1,15,803 $ 49,088 $ 66,715 $ 4,54,191
May-2035 9,650 4,341 5,309 5,15,596
June-2035 9,650 4,297 5,354 5,10,243
July-2035 9,650 4,252 5,398 5,04,845
August-2035 9,650 4,207 5,443 4,99,402
September-2035 9,650 4,162 5,489 4,93,913
October-2035 9,650 4,116 5,534 4,88,379
November-2035 9,650 4,070 5,580 4,82,798
December-2035 9,650 4,023 5,627 4,77,171
January-2036 9,650 3,976 5,674 4,71,498
February-2036 9,650 3,929 5,721 4,65,777
March-2036 9,650 3,881 5,769 4,60,008
April-2036 9,650 3,833 5,817 4,54,191
  16 $ 1,15,803 $ 42,102 $ 73,701 $ 3,80,490
May-2036 9,650 3,785 5,865 4,48,326
June-2036 9,650 3,736 5,914 4,42,412
July-2036 9,650 3,687 5,963 4,36,448
August-2036 9,650 3,637 6,013 4,30,435
September-2036 9,650 3,587 6,063 4,24,372
October-2036 9,650 3,536 6,114 4,18,258
November-2036 9,650 3,485 6,165 4,12,093
December-2036 9,650 3,434 6,216 4,05,877
January-2037 9,650 3,382 6,268 3,99,609
February-2037 9,650 3,330 6,320 3,93,289
March-2037 9,650 3,277 6,373 3,86,916
April-2037 9,650 3,224 6,426 3,80,490
  17 $ 1,15,803 $ 34,384 $ 81,418 $ 2,99,072
May-2037 9,650 3,171 6,479 3,74,011
June-2037 9,650 3,117 6,533 3,67,477
July-2037 9,650 3,062 6,588 3,60,889
August-2037 9,650 3,007 6,643 3,54,247
September-2037 9,650 2,952 6,698 3,47,548
October-2037 9,650 2,896 6,754 3,40,795
November-2037 9,650 2,840 6,810 3,33,984
December-2037 9,650 2,783 6,867 3,27,117
January-2038 9,650 2,726 6,924 3,20,193
February-2038 9,650 2,668 6,982 3,13,211
March-2038 9,650 2,610 7,040 3,06,171
April-2038 9,650 2,551 7,099 2,99,072
  18 $ 1,15,803 $ 25,859 $ 89,944 $ 2,09,128
May-2038 9,650 2,492 7,158 2,91,914
June-2038 9,650 2,433 7,218 2,84,697
July-2038 9,650 2,372 7,278 2,77,419
August-2038 9,650 2,312 7,338 2,70,080
September-2038 9,650 2,251 7,400 2,62,681
October-2038 9,650 2,189 7,461 2,55,220
November-2038 9,650 2,127 7,523 2,47,696
December-2038 9,650 2,064 7,586 2,40,110
January-2039 9,650 2,001 7,649 2,32,461
February-2039 9,650 1,937 7,713 2,24,748
March-2039 9,650 1,873 7,777 2,16,971
April-2039 9,650 1,808 7,842 2,09,128
  19 $ 1,15,803 $ 16,441 $ 99,362 $ 1,09,766
May-2039 9,650 1,743 7,907 2,01,221
June-2039 9,650 1,677 7,973 1,93,248
July-2039 9,650 1,610 8,040 1,85,208
August-2039 9,650 1,543 8,107 1,77,101
September-2039 9,650 1,476 8,174 1,68,927
October-2039 9,650 1,408 8,242 1,60,684
November-2039 9,650 1,339 8,311 1,52,373
December-2039 9,650 1,270 8,380 1,43,992
January-2040 9,650 1,200 8,450 1,35,542
February-2040 9,650 1,130 8,521 1,27,021
March-2040 9,650 1,059 8,592 1,18,430
April-2040 9,650 987 8,663 1,09,766
  20 $ 1,15,803 $ 6,036 $ 1,09,766 $ 0
May-2040 9,650 915 8,735 1,01,031
June-2040 9,650 842 8,808 92,223
July-2040 9,650 769 8,882 83,341
August-2040 9,650 695 8,956 74,385
September-2040 9,650 620 9,030 65,355
October-2040 9,650 545 9,106 56,249
November-2040 9,650 469 9,181 47,068
December-2040 9,650 392 9,258 37,810
January-2041 9,650 315 9,335 28,475
February-2041 9,650 237 9,413 19,062
March-2041 9,650 159 9,491 9,570
April-2041 9,650 80 9,570 0

Flat Rate EMI Calculator
Calculate EMI for a flat rate loan with annual and monthly amortization tables
Loan Amt
Loan Term    years
Flat Rate   %


Convert Flat to Reducing Balance Interest Rate
This tool finds the effective interest rate for a flat rate interest loan.
Loan Amount      ₹   
Loan Term       years
Flat Interest Rate %
Flat -vs- Reducing Balance Interest Rate
Check the EMI Calculations for Flat vs Reducing Balance Interest Rate

In Flat Interest Rate loans, interest is calculated on the initial principal amount througout the loan tenure.

In Reducing Balance Interest Rate loans, interest is calculated on the remaining principal amount at any time.

Flat interest rate is normally used by vehicle finance companies.
Loan Amount      ₹   
Loan Term       years
Flat Rate                   %
Reducing Balance Rate %


EMI Moratorium Calculations
Compare Calculations after EMI Moratorium. Use these calculations to get approximate picture of the impact of EMI Diferment.
Loan Amount  ₹ 
Loan Term     months
Interest Rate %
Moratorium Period months



Compare EMI Calculations
Compare EMI calculations for 2 interest rates. See how EMI and total interest amount change for different interest rates and the same loan amount and tenure. Useful when bank interest rates are changes for existing loans.
Loan Amount  ₹ 
Loan Term     years
Interest Rate 1 %
Interest Rate 2 %





What is EMI ?

According to WikiPedia an Equated Monthly Installment (EMI) is defined as "A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full."

It further explains that, with most common types of loans, such as real estate mortgages, the borrower makes fixed periodic payments to the lender over the course of several years with the goal of retiring the loan. EMIs differ from variable payment plans, in which the borrower is able to pay higher payment amounts at his or her discretion. In EMI plans, borrowers are usually only allowed one fixed payment amount each month.

The benefit of an EMI for borrowers is that they know precisely how much money they will need to pay toward their loan each month, making the personal budgeting process easier.

The formula for EMI (in arrears) is:

Responsive image
  • A : Periodic Payment
  • P : Principal Amount Borrowed
  • r : Periodic Interest Rate
  • n : Total Number of Payments
What is Amortization Table ?
An amortization schedule is a table detailing each periodic payment on an amortizing loan (typically a mortgage), as generated by an amortization calculator. Amortization refers to the process of paying off a debt (often from a loan or mortgage) over time through regular payments. A portion of each payment is for interest while the remaining amount is applied towards the principal balance. The percentage of interest versus principal in each payment is determined in an amortization schedule.
Read more at WikiPedia.
What is Financial Year Amortization Table ?
The financial year calculation presents the amortiztion table on a fiscal year basis. Normally Annual Amortiztion Table will show the calculations for a 12 months period from the starting EMI.

e.g.
You are in India where the financial year is from April 1st to March 31st.
You have taken loan for 3 years (36 months).
Your first EMI is in the month of June 2015.
Your last EMI is in the month of May 2018.

  • Annual Amortiztion Table :
    The annual amortiztion table will show 3 rows with each having calculations for straight 12 months from June to May.
    1. June 2015 - May 2016
    2. June 2016 - May 2017
    3. June 2017 - May 2018


  • Financial Year Amortization Table :
    This will have 4 calculations:First calculation will for the ongoing fiscal year : June to March, Then next 2 calculations will be for April to March and last one for the month of May and June.
    1. June 2015 - March 2016
    2. April 2016 - March 2017
    3. April 2017 - March 2018
    4. April 2018 - May 2018


There is no difference regarding the amount in both calculations. There is only difference in the way of grouping the EMIs.

In many countries these principal and interest components are used for tax calculations for a given fiscal year.

This tool will help in identifying each years share of principal and interest in the repayments.