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 = $ 9,650

Total Interest = $ 13,16,052

Total Payments = $ 23,16,052

Periods = 240 months

Last EMI Date = 7-June-2040

Repayment Chart
Payment Distribution Graph
Amortization Table
Year Total Payment Interest Principal Balance
  1 $ 1,15,803 $ 99,255 $ 16,547 $ 9,83,453
July-2020 9,650 8,333 1,317 9,98,683
August-2020 9,650 8,322 1,328 9,97,355
September-2020 9,650 8,311 1,339 9,96,016
October-2020 9,650 8,300 1,350 9,94,666
November-2020 9,650 8,289 1,361 9,93,305
December-2020 9,650 8,278 1,373 9,91,932
January-2021 9,650 8,266 1,384 9,90,548
February-2021 9,650 8,255 1,396 9,89,152
March-2021 9,650 8,243 1,407 9,87,745
April-2021 9,650 8,231 1,419 9,86,326
May-2021 9,650 8,219 1,431 9,84,895
June-2021 9,650 8,207 1,443 9,83,453
  2 $ 1,15,803 $ 97,522 $ 18,280 $ 9,65,173
July-2021 9,650 8,195 1,455 9,81,998
August-2021 9,650 8,183 1,467 9,80,531
September-2021 9,650 8,171 1,479 9,79,052
October-2021 9,650 8,159 1,491 9,77,560
November-2021 9,650 8,146 1,504 9,76,056
December-2021 9,650 8,134 1,516 9,74,540
January-2022 9,650 8,121 1,529 9,73,011
February-2022 9,650 8,108 1,542 9,71,469
March-2022 9,650 8,096 1,555 9,69,915
April-2022 9,650 8,083 1,568 9,68,347
May-2022 9,650 8,070 1,581 9,66,766
June-2022 9,650 8,056 1,594 9,65,173
  3 $ 1,15,803 $ 95,608 $ 20,194 $ 9,44,978
July-2022 9,650 8,043 1,607 9,63,565
August-2022 9,650 8,030 1,621 9,61,945
September-2022 9,650 8,016 1,634 9,60,311
October-2022 9,650 8,003 1,648 9,58,663
November-2022 9,650 7,989 1,661 9,57,002
December-2022 9,650 7,975 1,675 9,55,327
January-2023 9,650 7,961 1,689 9,53,638
February-2023 9,650 7,947 1,703 9,51,934
March-2023 9,650 7,933 1,717 9,50,217
April-2023 9,650 7,918 1,732 9,48,485
May-2023 9,650 7,904 1,746 9,46,739
June-2023 9,650 7,889 1,761 9,44,978
  4 $ 1,15,803 $ 93,494 $ 22,309 $ 9,22,669
July-2023 9,650 7,875 1,775 9,43,203
August-2023 9,650 7,860 1,790 9,41,413
September-2023 9,650 7,845 1,805 9,39,608
October-2023 9,650 7,830 1,820 9,37,787
November-2023 9,650 7,815 1,835 9,35,952
December-2023 9,650 7,800 1,851 9,34,101
January-2024 9,650 7,784 1,866 9,32,235
February-2024 9,650 7,769 1,882 9,30,354
March-2024 9,650 7,753 1,897 9,28,457
April-2024 9,650 7,737 1,913 9,26,543
May-2024 9,650 7,721 1,929 9,24,614
June-2024 9,650 7,705 1,945 9,22,669
  5 $ 1,15,803 $ 91,158 $ 24,645 $ 8,98,024
July-2024 9,650 7,689 1,961 9,20,708
August-2024 9,650 7,673 1,978 9,18,730
September-2024 9,650 7,656 1,994 9,16,736
October-2024 9,650 7,639 2,011 9,14,726
November-2024 9,650 7,623 2,028 9,12,698
December-2024 9,650 7,606 2,044 9,10,654
January-2025 9,650 7,589 2,061 9,08,592
February-2025 9,650 7,572 2,079 9,06,514
March-2025 9,650 7,554 2,096 9,04,418
April-2025 9,650 7,537 2,113 9,02,304
May-2025 9,650 7,519 2,131 9,00,173
June-2025 9,650 7,501 2,149 8,98,024
  6 $ 1,15,803 $ 88,577 $ 27,226 $ 8,70,799
July-2025 9,650 7,484 2,167 8,95,858
August-2025 9,650 7,465 2,185 8,93,673
September-2025 9,650 7,447 2,203 8,91,470
October-2025 9,650 7,429 2,221 8,89,249
November-2025 9,650 7,410 2,240 8,87,009
December-2025 9,650 7,392 2,258 8,84,750
January-2026 9,650 7,373 2,277 8,82,473
February-2026 9,650 7,354 2,296 8,80,177
March-2026 9,650 7,335 2,315 8,77,862
April-2026 9,650 7,316 2,335 8,75,527
May-2026 9,650 7,296 2,354 8,73,173
June-2026 9,650 7,276 2,374 8,70,799
  7 $ 1,15,803 $ 85,726 $ 30,076 $ 8,40,722
July-2026 9,650 7,257 2,394 8,68,405
August-2026 9,650 7,237 2,414 8,65,992
September-2026 9,650 7,217 2,434 8,63,558
October-2026 9,650 7,196 2,454 8,61,104
November-2026 9,650 7,176 2,474 8,58,630
December-2026 9,650 7,155 2,495 8,56,135
January-2027 9,650 7,134 2,516 8,53,619
February-2027 9,650 7,113 2,537 8,51,082
March-2027 9,650 7,092 2,558 8,48,525
April-2027 9,650 7,071 2,579 8,45,945
May-2027 9,650 7,050 2,601 8,43,345
June-2027 9,650 7,028 2,622 8,40,722
  8 $ 1,15,803 $ 82,577 $ 33,226 $ 8,07,497
July-2027 9,650 7,006 2,644 8,38,078
August-2027 9,650 6,984 2,666 8,35,412
September-2027 9,650 6,962 2,688 8,32,724
October-2027 9,650 6,939 2,711 8,30,013
November-2027 9,650 6,917 2,733 8,27,279
December-2027 9,650 6,894 2,756 8,24,523
January-2028 9,650 6,871 2,779 8,21,744
February-2028 9,650 6,848 2,802 8,18,941
March-2028 9,650 6,825 2,826 8,16,116
April-2028 9,650 6,801 2,849 8,13,267
May-2028 9,650 6,777 2,873 8,10,394
June-2028 9,650 6,753 2,897 8,07,497
  9 $ 1,15,803 $ 79,098 $ 36,705 $ 7,70,792
July-2028 9,650 6,729 2,921 8,04,576
August-2028 9,650 6,705 2,945 8,01,630
September-2028 9,650 6,680 2,970 7,98,660
October-2028 9,650 6,656 2,995 7,95,665
November-2028 9,650 6,631 3,020 7,92,646
December-2028 9,650 6,605 3,045 7,89,601
January-2029 9,650 6,580 3,070 7,86,531
February-2029 9,650 6,554 3,096 7,83,435
March-2029 9,650 6,529 3,122 7,80,313
April-2029 9,650 6,503 3,148 7,77,166
May-2029 9,650 6,476 3,174 7,73,992
June-2029 9,650 6,450 3,200 7,70,792
  10 $ 1,15,803 $ 75,254 $ 40,548 $ 7,30,243
July-2029 9,650 6,423 3,227 7,67,565
August-2029 9,650 6,396 3,254 7,64,311
September-2029 9,650 6,369 3,281 7,61,030
October-2029 9,650 6,342 3,308 7,57,722
November-2029 9,650 6,314 3,336 7,54,386
December-2029 9,650 6,287 3,364 7,51,022
January-2030 9,650 6,259 3,392 7,47,630
February-2030 9,650 6,230 3,420 7,44,210
March-2030 9,650 6,202 3,448 7,40,762
April-2030 9,650 6,173 3,477 7,37,285
May-2030 9,650 6,144 3,506 7,33,779
June-2030 9,650 6,115 3,535 7,30,243
  11 $ 1,15,803 $ 71,008 $ 44,794 $ 6,85,449
July-2030 9,650 6,085 3,565 7,26,678
August-2030 9,650 6,056 3,595 7,23,084
September-2030 9,650 6,026 3,625 7,19,459
October-2030 9,650 5,995 3,655 7,15,804
November-2030 9,650 5,965 3,685 7,12,119
December-2030 9,650 5,934 3,716 7,08,403
January-2031 9,650 5,903 3,747 7,04,657
February-2031 9,650 5,872 3,778 7,00,878
March-2031 9,650 5,841 3,810 6,97,069
April-2031 9,650 5,809 3,841 6,93,228
May-2031 9,650 5,777 3,873 6,89,354
June-2031 9,650 5,745 3,906 6,85,449
  12 $ 1,15,803 $ 66,318 $ 49,485 $ 6,35,964
July-2031 9,650 5,712 3,938 6,81,511
August-2031 9,650 5,679 3,971 6,77,540
September-2031 9,650 5,646 4,004 6,73,535
October-2031 9,650 5,613 4,037 6,69,498
November-2031 9,650 5,579 4,071 6,65,427
December-2031 9,650 5,545 4,105 6,61,322
January-2032 9,650 5,511 4,139 6,57,183
February-2032 9,650 5,477 4,174 6,53,009
March-2032 9,650 5,442 4,208 6,48,801
April-2032 9,650 5,407 4,244 6,44,557
May-2032 9,650 5,371 4,279 6,40,278
June-2032 9,650 5,336 4,315 6,35,964
  13 $ 1,15,803 $ 61,136 $ 54,667 $ 5,81,297
July-2032 9,650 5,300 4,351 6,31,613
August-2032 9,650 5,263 4,387 6,27,226
September-2032 9,650 5,227 4,423 6,22,803
October-2032 9,650 5,190 4,460 6,18,343
November-2032 9,650 5,153 4,497 6,13,845
December-2032 9,650 5,115 4,535 6,09,311
January-2033 9,650 5,078 4,573 6,04,738
February-2033 9,650 5,039 4,611 6,00,127
March-2033 9,650 5,001 4,649 5,95,478
April-2033 9,650 4,962 4,688 5,90,790
May-2033 9,650 4,923 4,727 5,86,063
June-2033 9,650 4,884 4,766 5,81,297
  14 $ 1,15,803 $ 55,412 $ 60,391 $ 5,20,906
July-2033 9,650 4,844 4,806 5,76,491
August-2033 9,650 4,804 4,846 5,71,645
September-2033 9,650 4,764 4,887 5,66,758
October-2033 9,650 4,723 4,927 5,61,831
November-2033 9,650 4,682 4,968 5,56,863
December-2033 9,650 4,641 5,010 5,51,853
January-2034 9,650 4,599 5,051 5,46,802
February-2034 9,650 4,557 5,094 5,41,708
March-2034 9,650 4,514 5,136 5,36,572
April-2034 9,650 4,471 5,179 5,31,393
May-2034 9,650 4,428 5,222 5,26,171
June-2034 9,650 4,385 5,265 5,20,906
  15 $ 1,15,803 $ 49,088 $ 66,715 $ 4,54,191
July-2034 9,650 4,341 5,309 5,15,596
August-2034 9,650 4,297 5,354 5,10,243
September-2034 9,650 4,252 5,398 5,04,845
October-2034 9,650 4,207 5,443 4,99,402
November-2034 9,650 4,162 5,489 4,93,913
December-2034 9,650 4,116 5,534 4,88,379
January-2035 9,650 4,070 5,580 4,82,798
February-2035 9,650 4,023 5,627 4,77,171
March-2035 9,650 3,976 5,674 4,71,498
April-2035 9,650 3,929 5,721 4,65,777
May-2035 9,650 3,881 5,769 4,60,008
June-2035 9,650 3,833 5,817 4,54,191
  16 $ 1,15,803 $ 42,102 $ 73,701 $ 3,80,490
July-2035 9,650 3,785 5,865 4,48,326
August-2035 9,650 3,736 5,914 4,42,412
September-2035 9,650 3,687 5,963 4,36,448
October-2035 9,650 3,637 6,013 4,30,435
November-2035 9,650 3,587 6,063 4,24,372
December-2035 9,650 3,536 6,114 4,18,258
January-2036 9,650 3,485 6,165 4,12,093
February-2036 9,650 3,434 6,216 4,05,877
March-2036 9,650 3,382 6,268 3,99,609
April-2036 9,650 3,330 6,320 3,93,289
May-2036 9,650 3,277 6,373 3,86,916
June-2036 9,650 3,224 6,426 3,80,490
  17 $ 1,15,803 $ 34,384 $ 81,418 $ 2,99,072
July-2036 9,650 3,171 6,479 3,74,011
August-2036 9,650 3,117 6,533 3,67,477
September-2036 9,650 3,062 6,588 3,60,889
October-2036 9,650 3,007 6,643 3,54,247
November-2036 9,650 2,952 6,698 3,47,548
December-2036 9,650 2,896 6,754 3,40,795
January-2037 9,650 2,840 6,810 3,33,984
February-2037 9,650 2,783 6,867 3,27,117
March-2037 9,650 2,726 6,924 3,20,193
April-2037 9,650 2,668 6,982 3,13,211
May-2037 9,650 2,610 7,040 3,06,171
June-2037 9,650 2,551 7,099 2,99,072
  18 $ 1,15,803 $ 25,859 $ 89,944 $ 2,09,128
July-2037 9,650 2,492 7,158 2,91,914
August-2037 9,650 2,433 7,218 2,84,697
September-2037 9,650 2,372 7,278 2,77,419
October-2037 9,650 2,312 7,338 2,70,080
November-2037 9,650 2,251 7,400 2,62,681
December-2037 9,650 2,189 7,461 2,55,220
January-2038 9,650 2,127 7,523 2,47,696
February-2038 9,650 2,064 7,586 2,40,110
March-2038 9,650 2,001 7,649 2,32,461
April-2038 9,650 1,937 7,713 2,24,748
May-2038 9,650 1,873 7,777 2,16,971
June-2038 9,650 1,808 7,842 2,09,128
  19 $ 1,15,803 $ 16,441 $ 99,362 $ 1,09,766
July-2038 9,650 1,743 7,907 2,01,221
August-2038 9,650 1,677 7,973 1,93,248
September-2038 9,650 1,610 8,040 1,85,208
October-2038 9,650 1,543 8,107 1,77,101
November-2038 9,650 1,476 8,174 1,68,927
December-2038 9,650 1,408 8,242 1,60,684
January-2039 9,650 1,339 8,311 1,52,373
February-2039 9,650 1,270 8,380 1,43,992
March-2039 9,650 1,200 8,450 1,35,542
April-2039 9,650 1,130 8,521 1,27,021
May-2039 9,650 1,059 8,592 1,18,430
June-2039 9,650 987 8,663 1,09,766
  20 $ 1,15,803 $ 6,036 $ 1,09,766 $ 0
July-2039 9,650 915 8,735 1,01,031
August-2039 9,650 842 8,808 92,223
September-2039 9,650 769 8,882 83,341
October-2039 9,650 695 8,956 74,385
November-2039 9,650 620 9,030 65,355
December-2039 9,650 545 9,106 56,249
January-2040 9,650 469 9,181 47,068
February-2040 9,650 392 9,258 37,810
March-2040 9,650 315 9,335 28,475
April-2040 9,650 237 9,413 19,062
May-2040 9,650 159 9,491 9,570
June-2040 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.