New Feature EMI Moratorium Calculations

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 = ₹ 13,215

Total Interest = ₹ 5,85,809

Total Payments = ₹ 15,85,809

Periods = 120 months

Last EMI Date = 30-April-2030

Repayment Chart
Payment Distribution Graph
Amortization Table
Year Total Payment Interest Principal Balance
  1 ₹ 1,58,581 ₹ 97,239 ₹ 61,342 ₹ 9,38,658
May-2020 13,215 8,333 4,882 9,95,118
June-2020 13,215 8,293 4,922 9,90,196
July-2020 13,215 8,252 4,963 9,85,232
August-2020 13,215 8,210 5,005 9,80,228
September-2020 13,215 8,169 5,047 9,75,181
October-2020 13,215 8,127 5,089 9,70,093
November-2020 13,215 8,084 5,131 9,64,962
December-2020 13,215 8,041 5,174 9,59,788
January-2021 13,215 7,998 5,217 9,54,571
March-2021 13,215 7,955 5,260 9,49,311
April-2021 13,215 7,911 5,304 9,44,007
May-2021 13,215 7,867 5,348 9,38,658
  2 ₹ 1,58,581 ₹ 90,816 ₹ 67,765 ₹ 8,70,893
June-2021 13,215 7,822 5,393 9,33,265
July-2021 13,215 7,777 5,438 9,27,827
August-2021 13,215 7,732 5,483 9,22,344
September-2021 13,215 7,686 5,529 9,16,815
October-2021 13,215 7,640 5,575 9,11,240
November-2021 13,215 7,594 5,621 9,05,619
December-2021 13,215 7,547 5,668 8,99,951
January-2022 13,215 7,500 5,715 8,94,235
February-2022 13,215 7,452 5,763 8,88,472
March-2022 13,215 7,404 5,811 8,82,661
April-2022 13,215 7,356 5,860 8,76,801
May-2022 13,215 7,307 5,908 8,70,893
  3 ₹ 1,58,581 ₹ 83,720 ₹ 74,861 ₹ 7,96,032
June-2022 13,215 7,257 5,958 8,64,935
July-2022 13,215 7,208 6,007 8,58,928
August-2022 13,215 7,158 6,057 8,52,871
September-2022 13,215 7,107 6,108 8,46,763
October-2022 13,215 7,056 6,159 8,40,604
November-2022 13,215 7,005 6,210 8,34,394
December-2022 13,215 6,953 6,262 8,28,132
January-2023 13,215 6,901 6,314 8,21,818
February-2023 13,215 6,848 6,367 8,15,452
March-2023 13,215 6,795 6,420 8,09,032
April-2023 13,215 6,742 6,473 8,02,559
May-2023 13,215 6,688 6,527 7,96,032
  4 ₹ 1,58,581 ₹ 75,881 ₹ 82,700 ₹ 7,13,332
June-2023 13,215 6,634 6,581 7,89,451
July-2023 13,215 6,579 6,636 7,82,814
August-2023 13,215 6,523 6,692 7,76,123
September-2023 13,215 6,468 6,747 7,69,375
October-2023 13,215 6,411 6,804 7,62,572
November-2023 13,215 6,355 6,860 7,55,711
December-2023 13,215 6,298 6,917 7,48,794
January-2024 13,215 6,240 6,975 7,41,819
February-2024 13,215 6,182 7,033 7,34,785
March-2024 13,215 6,123 7,092 7,27,694
April-2024 13,215 6,064 7,151 7,20,543
May-2024 13,215 6,005 7,211 7,13,332
  5 ₹ 1,58,581 ₹ 67,221 ₹ 91,360 ₹ 6,21,972
June-2024 13,215 5,944 7,271 7,06,061
July-2024 13,215 5,884 7,331 6,98,730
August-2024 13,215 5,823 7,392 6,91,338
September-2024 13,215 5,761 7,454 6,83,884
October-2024 13,215 5,699 7,516 6,76,368
November-2024 13,215 5,636 7,579 6,68,789
December-2024 13,215 5,573 7,642 6,61,147
January-2025 13,215 5,510 7,706 6,53,442
February-2025 13,215 5,445 7,770 6,45,672
March-2025 13,215 5,381 7,834 6,37,838
April-2025 13,215 5,315 7,900 6,29,938
May-2025 13,215 5,249 7,966 6,21,972
  6 ₹ 1,58,581 ₹ 57,655 ₹ 1,00,926 ₹ 5,21,046
June-2025 13,215 5,183 8,032 6,13,940
July-2025 13,215 5,116 8,099 6,05,841
August-2025 13,215 5,049 8,166 5,97,675
September-2025 13,215 4,981 8,234 5,89,441
October-2025 13,215 4,912 8,303 5,81,138
November-2025 13,215 4,843 8,372 5,72,765
December-2025 13,215 4,773 8,442 5,64,323
January-2026 13,215 4,703 8,512 5,55,811
February-2026 13,215 4,632 8,583 5,47,228
March-2026 13,215 4,560 8,655 5,38,573
April-2026 13,215 4,488 8,727 5,29,846
May-2026 13,215 4,415 8,800 5,21,046
  7 ₹ 1,58,581 ₹ 47,086 ₹ 1,11,495 ₹ 4,09,551
June-2026 13,215 4,342 8,873 5,12,173
July-2026 13,215 4,268 8,947 5,03,226
August-2026 13,215 4,194 9,022 4,94,205
September-2026 13,215 4,118 9,097 4,85,108
October-2026 13,215 4,043 9,173 4,75,935
November-2026 13,215 3,966 9,249 4,66,686
December-2026 13,215 3,889 9,326 4,57,360
January-2027 13,215 3,811 9,404 4,47,957
February-2027 13,215 3,733 9,482 4,38,475
March-2027 13,215 3,654 9,561 4,28,913
April-2027 13,215 3,574 9,641 4,19,273
May-2027 13,215 3,494 9,721 4,09,551
  8 ₹ 1,58,581 ₹ 35,411 ₹ 1,23,170 ₹ 2,86,382
June-2027 13,215 3,413 9,802 3,99,749
July-2027 13,215 3,331 9,884 3,89,865
August-2027 13,215 3,249 9,966 3,79,899
September-2027 13,215 3,166 10,049 3,69,850
October-2027 13,215 3,082 10,133 3,59,717
November-2027 13,215 2,998 10,217 3,49,500
December-2027 13,215 2,912 10,303 3,39,197
January-2028 13,215 2,827 10,388 3,28,809
February-2028 13,215 2,740 10,475 3,18,334
March-2028 13,215 2,653 10,562 3,07,771
April-2028 13,215 2,565 10,650 2,97,121
May-2028 13,215 2,476 10,739 2,86,382
  9 ₹ 1,58,581 ₹ 22,514 ₹ 1,36,067 ₹ 1,50,315
June-2028 13,215 2,387 10,829 2,75,553
July-2028 13,215 2,296 10,919 2,64,635
August-2028 13,215 2,205 11,010 2,53,625
September-2028 13,215 2,114 11,102 2,42,523
October-2028 13,215 2,021 11,194 2,31,329
November-2028 13,215 1,928 11,287 2,20,042
December-2028 13,215 1,834 11,381 2,08,661
January-2029 13,215 1,739 11,476 1,97,184
February-2029 13,215 1,643 11,572 1,85,612
March-2029 13,215 1,547 11,668 1,73,944
April-2029 13,215 1,450 11,766 1,62,179
May-2029 13,215 1,351 11,864 1,50,315
  10 ₹ 1,58,581 ₹ 8,266 ₹ 1,50,315 ₹ 0
June-2029 13,215 1,253 11,962 1,38,353
July-2029 13,215 1,153 12,062 1,26,290
August-2029 13,215 1,052 12,163 1,14,128
September-2029 13,215 951 12,264 1,01,864
October-2029 13,215 849 12,366 89,498
November-2029 13,215 746 12,469 77,028
December-2029 13,215 642 12,573 64,455
January-2030 13,215 537 12,678 51,777
February-2030 13,215 431 12,784 38,994
March-2030 13,215 325 12,890 26,103
April-2030 13,215 218 12,998 13,106
May-2030 13,215 109 13,106 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.

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