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 = $ 21,247

Total Interest = $ 2,74,823

Total Payments = $ 12,74,823

Periods = 60 months

Last EMI Date = 30-April-2025

Repayment Chart
Payment Distribution Graph
Amortization Table
Year Total Payment Interest Principal Balance
  1 $ 2,54,965 $ 92,696 $ 1,62,268 $ 8,37,732
May-2020 21,247 8,333 12,914 9,87,086
June-2020 21,247 8,226 13,021 9,74,065
July-2020 21,247 8,117 13,130 9,60,935
August-2020 21,247 8,008 13,239 9,47,696
September-2020 21,247 7,897 13,350 9,34,346
October-2020 21,247 7,786 13,461 9,20,885
November-2020 21,247 7,674 13,573 9,07,312
December-2020 21,247 7,561 13,686 8,93,626
January-2021 21,247 7,447 13,800 8,79,826
March-2021 21,247 7,332 13,915 8,65,911
April-2021 21,247 7,216 14,031 8,51,880
May-2021 21,247 7,099 14,148 8,37,732
  2 $ 2,54,965 $ 75,705 $ 1,79,260 $ 6,58,472
June-2021 21,247 6,981 14,266 8,23,466
July-2021 21,247 6,862 14,385 8,09,081
August-2021 21,247 6,742 14,505 7,94,576
September-2021 21,247 6,621 14,626 7,79,951
October-2021 21,247 6,500 14,747 7,65,203
November-2021 21,247 6,377 14,870 7,50,333
December-2021 21,247 6,253 14,994 7,35,339
January-2022 21,247 6,128 15,119 7,20,220
February-2022 21,247 6,002 15,245 7,04,974
March-2022 21,247 5,875 15,372 6,89,602
April-2022 21,247 5,747 15,500 6,74,102
May-2022 21,247 5,618 15,630 6,58,472
  3 $ 2,54,965 $ 56,934 $ 1,98,031 $ 4,60,442
June-2022 21,247 5,487 15,760 6,42,712
July-2022 21,247 5,356 15,891 6,26,821
August-2022 21,247 5,224 16,024 6,10,798
September-2022 21,247 5,090 16,157 5,94,641
October-2022 21,247 4,955 16,292 5,78,349
November-2022 21,247 4,820 16,427 5,61,922
December-2022 21,247 4,683 16,564 5,45,357
January-2023 21,247 4,545 16,702 5,28,655
February-2023 21,247 4,405 16,842 5,11,813
March-2023 21,247 4,265 16,982 4,94,831
April-2023 21,247 4,124 17,123 4,77,708
May-2023 21,247 3,981 17,266 4,60,442
  4 $ 2,54,965 $ 36,198 $ 2,18,767 $ 2,41,675
June-2023 21,247 3,837 17,410 4,43,032
July-2023 21,247 3,692 17,555 4,25,476
August-2023 21,247 3,546 17,701 4,07,775
September-2023 21,247 3,398 17,849 3,89,926
October-2023 21,247 3,249 17,998 3,71,928
November-2023 21,247 3,099 18,148 3,53,781
December-2023 21,247 2,948 18,299 3,35,482
January-2024 21,247 2,796 18,451 3,17,031
February-2024 21,247 2,642 18,605 2,98,425
March-2024 21,247 2,487 18,760 2,79,665
April-2024 21,247 2,331 18,917 2,60,749
May-2024 21,247 2,173 19,074 2,41,675
  5 $ 2,54,965 $ 13,290 $ 2,41,675 $ 0
June-2024 21,247 2,014 19,233 2,22,442
July-2024 21,247 1,854 19,393 2,03,048
August-2024 21,247 1,692 19,555 1,83,493
September-2024 21,247 1,529 19,718 1,63,775
October-2024 21,247 1,365 19,882 1,43,893
November-2024 21,247 1,199 20,048 1,23,845
December-2024 21,247 1,032 20,215 1,03,630
January-2025 21,247 864 20,383 83,247
February-2025 21,247 694 20,553 62,693
March-2025 21,247 522 20,725 41,969
April-2025 21,247 350 20,897 21,071
May-2025 21,247 176 21,071 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.