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 = $ 9,984

Total Interest = $ 13,96,112

Total Payments = $ 23,96,112

Periods = 240 months

Last EMI Date = 7-June-2040

Repayment Chart
Payment Distribution Graph
Amortization Table
Year Total Payment Interest Principal Balance
  1 $ 1,19,806 $ 1,04,266 $ 15,539 $ 9,84,461
July-2020 9,984 8,750 1,234 9,98,766
August-2020 9,984 8,739 1,245 9,97,522
September-2020 9,984 8,728 1,255 9,96,266
October-2020 9,984 8,717 1,266 9,95,000
November-2020 9,984 8,706 1,278 9,93,722
December-2020 9,984 8,695 1,289 9,92,433
January-2021 9,984 8,684 1,300 9,91,133
February-2021 9,984 8,672 1,311 9,89,822
March-2021 9,984 8,661 1,323 9,88,499
April-2021 9,984 8,649 1,334 9,87,165
May-2021 9,984 8,638 1,346 9,85,819
June-2021 9,984 8,626 1,358 9,84,461
  2 $ 1,19,806 $ 1,02,554 $ 17,252 $ 9,67,209
July-2021 9,984 8,614 1,370 9,83,091
August-2021 9,984 8,602 1,382 9,81,709
September-2021 9,984 8,590 1,394 9,80,315
October-2021 9,984 8,578 1,406 9,78,909
November-2021 9,984 8,565 1,418 9,77,491
December-2021 9,984 8,553 1,431 9,76,060
January-2022 9,984 8,541 1,443 9,74,617
February-2022 9,984 8,528 1,456 9,73,161
March-2022 9,984 8,515 1,469 9,71,692
April-2022 9,984 8,502 1,481 9,70,211
May-2022 9,984 8,489 1,494 9,68,716
June-2022 9,984 8,476 1,508 9,67,209
  3 $ 1,19,806 $ 1,00,653 $ 19,153 $ 9,48,056
July-2022 9,984 8,463 1,521 9,65,688
August-2022 9,984 8,450 1,534 9,64,154
September-2022 9,984 8,436 1,547 9,62,607
October-2022 9,984 8,423 1,561 9,61,046
November-2022 9,984 8,409 1,575 9,59,471
December-2022 9,984 8,395 1,588 9,57,883
January-2023 9,984 8,381 1,602 9,56,280
February-2023 9,984 8,367 1,616 9,54,664
March-2023 9,984 8,353 1,630 9,53,033
April-2023 9,984 8,339 1,645 9,51,389
May-2023 9,984 8,325 1,659 9,49,730
June-2023 9,984 8,310 1,674 9,48,056
  4 $ 1,19,806 $ 98,542 $ 21,264 $ 9,26,792
July-2023 9,984 8,295 1,688 9,46,368
August-2023 9,984 8,281 1,703 9,44,665
September-2023 9,984 8,266 1,718 9,42,947
October-2023 9,984 8,251 1,733 9,41,214
November-2023 9,984 8,236 1,748 9,39,465
December-2023 9,984 8,220 1,763 9,37,702
January-2024 9,984 8,205 1,779 9,35,923
February-2024 9,984 8,189 1,794 9,34,128
March-2024 9,984 8,174 1,810 9,32,318
April-2024 9,984 8,158 1,826 9,30,492
May-2024 9,984 8,142 1,842 9,28,650
June-2024 9,984 8,126 1,858 9,26,792
  5 $ 1,19,806 $ 96,199 $ 23,607 $ 9,03,185
July-2024 9,984 8,109 1,874 9,24,918
August-2024 9,984 8,093 1,891 9,23,027
September-2024 9,984 8,076 1,907 9,21,120
October-2024 9,984 8,060 1,924 9,19,196
November-2024 9,984 8,043 1,941 9,17,255
December-2024 9,984 8,026 1,958 9,15,297
January-2025 9,984 8,009 1,975 9,13,322
February-2025 9,984 7,992 1,992 9,11,330
March-2025 9,984 7,974 2,010 9,09,320
April-2025 9,984 7,957 2,027 9,07,293
May-2025 9,984 7,939 2,045 9,05,248
June-2025 9,984 7,921 2,063 9,03,185
  6 $ 1,19,806 $ 93,597 $ 26,209 $ 8,76,977
July-2025 9,984 7,903 2,081 9,01,104
August-2025 9,984 7,885 2,099 8,99,005
September-2025 9,984 7,866 2,118 8,96,888
October-2025 9,984 7,848 2,136 8,94,752
November-2025 9,984 7,829 2,155 8,92,597
December-2025 9,984 7,810 2,174 8,90,423
January-2026 9,984 7,791 2,193 8,88,231
February-2026 9,984 7,772 2,212 8,86,019
March-2026 9,984 7,753 2,231 8,83,788
April-2026 9,984 7,733 2,251 8,81,537
May-2026 9,984 7,713 2,270 8,79,267
June-2026 9,984 7,694 2,290 8,76,977
  7 $ 1,19,806 $ 90,709 $ 29,097 $ 8,47,880
July-2026 9,984 7,674 2,310 8,74,666
August-2026 9,984 7,653 2,330 8,72,336
September-2026 9,984 7,633 2,351 8,69,985
October-2026 9,984 7,612 2,371 8,67,613
November-2026 9,984 7,592 2,392 8,65,221
December-2026 9,984 7,571 2,413 8,62,808
January-2027 9,984 7,550 2,434 8,60,374
February-2027 9,984 7,528 2,456 8,57,918
March-2027 9,984 7,507 2,477 8,55,441
April-2027 9,984 7,485 2,499 8,52,943
May-2027 9,984 7,463 2,521 8,50,422
June-2027 9,984 7,441 2,543 8,47,880
  8 $ 1,19,806 $ 87,502 $ 32,303 $ 8,15,576
July-2027 9,984 7,419 2,565 8,45,315
August-2027 9,984 7,397 2,587 8,42,727
September-2027 9,984 7,374 2,610 8,40,118
October-2027 9,984 7,351 2,633 8,37,485
November-2027 9,984 7,328 2,656 8,34,829
December-2027 9,984 7,305 2,679 8,32,150
January-2028 9,984 7,281 2,702 8,29,447
February-2028 9,984 7,258 2,726 8,26,721
March-2028 9,984 7,234 2,750 8,23,971
April-2028 9,984 7,210 2,774 8,21,197
May-2028 9,984 7,185 2,798 8,18,399
June-2028 9,984 7,161 2,823 8,15,576
  9 $ 1,19,806 $ 83,942 $ 35,863 $ 7,79,713
July-2028 9,984 7,136 2,848 8,12,729
August-2028 9,984 7,111 2,872 8,09,856
September-2028 9,984 7,086 2,898 8,06,959
October-2028 9,984 7,061 2,923 8,04,036
November-2028 9,984 7,035 2,948 8,01,087
December-2028 9,984 7,010 2,974 7,98,113
January-2029 9,984 6,983 3,000 7,95,113
February-2029 9,984 6,957 3,027 7,92,086
March-2029 9,984 6,931 3,053 7,89,033
April-2029 9,984 6,904 3,080 7,85,953
May-2029 9,984 6,877 3,107 7,82,847
June-2029 9,984 6,850 3,134 7,79,713
  10 $ 1,19,806 $ 79,990 $ 39,816 $ 7,39,897
July-2029 9,984 6,822 3,161 7,76,551
August-2029 9,984 6,795 3,189 7,73,362
September-2029 9,984 6,767 3,217 7,70,145
October-2029 9,984 6,739 3,245 7,66,900
November-2029 9,984 6,710 3,273 7,63,627
December-2029 9,984 6,682 3,302 7,60,325
January-2030 9,984 6,653 3,331 7,56,994
February-2030 9,984 6,624 3,360 7,53,634
March-2030 9,984 6,594 3,390 7,50,244
April-2030 9,984 6,565 3,419 7,46,825
May-2030 9,984 6,535 3,449 7,43,376
June-2030 9,984 6,505 3,479 7,39,897
  11 $ 1,19,806 $ 75,602 $ 44,204 $ 6,95,693
July-2030 9,984 6,474 3,510 7,36,387
August-2030 9,984 6,443 3,540 7,32,847
September-2030 9,984 6,412 3,571 7,29,275
October-2030 9,984 6,381 3,603 7,25,673
November-2030 9,984 6,350 3,634 7,22,039
December-2030 9,984 6,318 3,666 7,18,373
January-2031 9,984 6,286 3,698 7,14,675
February-2031 9,984 6,253 3,730 7,10,944
March-2031 9,984 6,221 3,763 7,07,181
April-2031 9,984 6,188 3,796 7,03,385
May-2031 9,984 6,155 3,829 6,99,556
June-2031 9,984 6,121 3,863 6,95,693
  12 $ 1,19,806 $ 70,731 $ 49,075 $ 6,46,618
July-2031 9,984 6,087 3,896 6,91,797
August-2031 9,984 6,053 3,931 6,87,866
September-2031 9,984 6,019 3,965 6,83,901
October-2031 9,984 5,984 4,000 6,79,902
November-2031 9,984 5,949 4,035 6,75,867
December-2031 9,984 5,914 4,070 6,71,797
January-2032 9,984 5,878 4,106 6,67,691
February-2032 9,984 5,842 4,141 6,63,550
March-2032 9,984 5,806 4,178 6,59,372
April-2032 9,984 5,770 4,214 6,55,158
May-2032 9,984 5,733 4,251 6,50,907
June-2032 9,984 5,695 4,288 6,46,618
  13 $ 1,19,806 $ 65,322 $ 54,483 $ 5,92,135
July-2032 9,984 5,658 4,326 6,42,293
August-2032 9,984 5,620 4,364 6,37,929
September-2032 9,984 5,582 4,402 6,33,527
October-2032 9,984 5,543 4,440 6,29,086
November-2032 9,984 5,505 4,479 6,24,607
December-2032 9,984 5,465 4,518 6,20,089
January-2033 9,984 5,426 4,558 6,15,531
February-2033 9,984 5,386 4,598 6,10,933
March-2033 9,984 5,346 4,638 6,06,295
April-2033 9,984 5,305 4,679 6,01,616
May-2033 9,984 5,264 4,720 5,96,896
June-2033 9,984 5,223 4,761 5,92,135
  14 $ 1,19,806 $ 59,318 $ 60,487 $ 5,31,648
July-2033 9,984 5,181 4,803 5,87,333
August-2033 9,984 5,139 4,845 5,82,488
September-2033 9,984 5,097 4,887 5,77,601
October-2033 9,984 5,054 4,930 5,72,671
November-2033 9,984 5,011 4,973 5,67,698
December-2033 9,984 4,967 5,016 5,62,682
January-2034 9,984 4,923 5,060 5,57,621
February-2034 9,984 4,879 5,105 5,52,517
March-2034 9,984 4,835 5,149 5,47,368
April-2034 9,984 4,789 5,194 5,42,173
May-2034 9,984 4,744 5,240 5,36,933
June-2034 9,984 4,698 5,286 5,31,648
  15 $ 1,19,806 $ 52,652 $ 67,153 $ 4,64,495
July-2034 9,984 4,652 5,332 5,26,316
August-2034 9,984 4,605 5,379 5,20,937
September-2034 9,984 4,558 5,426 5,15,512
October-2034 9,984 4,511 5,473 5,10,039
November-2034 9,984 4,463 5,521 5,04,518
December-2034 9,984 4,415 5,569 4,98,949
January-2035 9,984 4,366 5,618 4,93,331
February-2035 9,984 4,317 5,667 4,87,663
March-2035 9,984 4,267 5,717 4,81,947
April-2035 9,984 4,217 5,767 4,76,180
May-2035 9,984 4,167 5,817 4,70,363
June-2035 9,984 4,116 5,868 4,64,495
  16 $ 1,19,806 $ 45,252 $ 74,554 $ 3,89,941
July-2035 9,984 4,064 5,919 4,58,575
August-2035 9,984 4,013 5,971 4,52,604
September-2035 9,984 3,960 6,024 4,46,580
October-2035 9,984 3,908 6,076 4,40,504
November-2035 9,984 3,854 6,129 4,34,375
December-2035 9,984 3,801 6,183 4,28,192
January-2036 9,984 3,747 6,237 4,21,955
February-2036 9,984 3,692 6,292 4,15,663
March-2036 9,984 3,637 6,347 4,09,316
April-2036 9,984 3,582 6,402 4,02,914
May-2036 9,984 3,525 6,458 3,96,455
June-2036 9,984 3,469 6,515 3,89,941
  17 $ 1,19,806 $ 37,036 $ 82,770 $ 3,07,171
July-2036 9,984 3,412 6,572 3,83,369
August-2036 9,984 3,354 6,629 3,76,740
September-2036 9,984 3,296 6,687 3,70,052
October-2036 9,984 3,238 6,746 3,63,306
November-2036 9,984 3,179 6,805 3,56,501
December-2036 9,984 3,119 6,864 3,49,637
January-2037 9,984 3,059 6,924 3,42,713
February-2037 9,984 2,999 6,985 3,35,728
March-2037 9,984 2,938 7,046 3,28,681
April-2037 9,984 2,876 7,108 3,21,574
May-2037 9,984 2,814 7,170 3,14,403
June-2037 9,984 2,751 7,233 3,07,171
  18 $ 1,19,806 $ 27,914 $ 91,891 $ 2,15,279
July-2037 9,984 2,688 7,296 2,99,875
August-2037 9,984 2,624 7,360 2,92,515
September-2037 9,984 2,560 7,424 2,85,090
October-2037 9,984 2,495 7,489 2,77,601
November-2037 9,984 2,429 7,555 2,70,046
December-2037 9,984 2,363 7,621 2,62,426
January-2038 9,984 2,296 7,688 2,54,738
February-2038 9,984 2,229 7,755 2,46,983
March-2038 9,984 2,161 7,823 2,39,160
April-2038 9,984 2,093 7,891 2,31,269
May-2038 9,984 2,024 7,960 2,23,309
June-2038 9,984 1,954 8,030 2,15,279
  19 $ 1,19,806 $ 17,787 $ 1,02,018 $ 1,13,261
July-2038 9,984 1,884 8,100 2,07,179
August-2038 9,984 1,813 8,171 1,99,008
September-2038 9,984 1,741 8,242 1,90,766
October-2038 9,984 1,669 8,315 1,82,451
November-2038 9,984 1,596 8,387 1,74,064
December-2038 9,984 1,523 8,461 1,65,603
January-2039 9,984 1,449 8,535 1,57,068
February-2039 9,984 1,374 8,609 1,48,459
March-2039 9,984 1,299 8,685 1,39,774
April-2039 9,984 1,223 8,761 1,31,013
May-2039 9,984 1,146 8,837 1,22,176
June-2039 9,984 1,069 8,915 1,13,261
  20 $ 1,19,806 $ 6,545 $ 1,13,261 $ -0
July-2039 9,984 991 8,993 1,04,268
August-2039 9,984 912 9,071 95,197
September-2039 9,984 833 9,151 86,046
October-2039 9,984 753 9,231 76,815
November-2039 9,984 672 9,312 67,503
December-2039 9,984 591 9,393 58,110
January-2040 9,984 508 9,475 48,635
February-2040 9,984 426 9,558 39,077
March-2040 9,984 342 9,642 29,435
April-2040 9,984 258 9,726 19,709
May-2040 9,984 172 9,811 9,897
June-2040 9,984 87 9,897 -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.