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 = $ 10,25,209

EMI = $ 22,036

Total Interest = $ 2,96,935

Total Payments = $ 13,22,144

Periods = 60 months

Last EMI Date = 30-April-2025

Repayment Chart
Payment Distribution Graph
Amortization Table
Year Total Payment Interest Principal Balance
  1 $ 2,64,429 $ 99,877 $ 1,64,552 $ 8,60,657
May-2020 22,036 8,971 13,065 10,12,144
June-2020 22,036 8,856 13,179 9,98,964
July-2020 22,036 8,741 13,295 9,85,669
August-2020 22,036 8,625 13,411 9,72,258
September-2020 22,036 8,507 13,528 9,58,730
October-2020 22,036 8,389 13,647 9,45,083
November-2020 22,036 8,269 13,766 9,31,317
December-2020 22,036 8,149 13,887 9,17,430
January-2021 22,036 8,028 14,008 9,03,422
March-2021 22,036 7,905 14,131 8,89,291
April-2021 22,036 7,781 14,254 8,75,037
May-2021 22,036 7,657 14,379 8,60,657
  2 $ 2,64,429 $ 81,743 $ 1,82,686 $ 6,77,972
June-2021 22,036 7,531 14,505 8,46,152
July-2021 22,036 7,404 14,632 8,31,521
August-2021 22,036 7,276 14,760 8,16,761
September-2021 22,036 7,147 14,889 8,01,871
October-2021 22,036 7,016 15,019 7,86,852
November-2021 22,036 6,885 15,151 7,71,701
December-2021 22,036 6,752 15,283 7,56,418
January-2022 22,036 6,619 15,417 7,41,001
February-2022 22,036 6,484 15,552 7,25,449
March-2022 22,036 6,348 15,688 7,09,761
April-2022 22,036 6,210 15,825 6,93,936
May-2022 22,036 6,072 15,964 6,77,972
  3 $ 2,64,429 $ 61,611 $ 2,02,818 $ 4,75,153
June-2022 22,036 5,932 16,103 6,61,868
July-2022 22,036 5,791 16,244 6,45,624
August-2022 22,036 5,649 16,387 6,29,237
September-2022 22,036 5,506 16,530 6,12,707
October-2022 22,036 5,361 16,675 5,96,033
November-2022 22,036 5,215 16,820 5,79,212
December-2022 22,036 5,068 16,968 5,62,245
January-2023 22,036 4,920 17,116 5,45,129
February-2023 22,036 4,770 17,266 5,27,863
March-2023 22,036 4,619 17,417 5,10,446
April-2023 22,036 4,466 17,569 4,92,877
May-2023 22,036 4,313 17,723 4,75,153
  4 $ 2,64,429 $ 39,259 $ 2,25,170 $ 2,49,984
June-2023 22,036 4,158 17,878 4,57,275
July-2023 22,036 4,001 18,035 4,39,241
August-2023 22,036 3,843 18,192 4,21,048
September-2023 22,036 3,684 18,352 4,02,697
October-2023 22,036 3,524 18,512 3,84,185
November-2023 22,036 3,362 18,674 3,65,511
December-2023 22,036 3,198 18,838 3,46,673
January-2024 22,036 3,033 19,002 3,27,671
February-2024 22,036 2,867 19,169 3,08,502
March-2024 22,036 2,699 19,336 2,89,166
April-2024 22,036 2,530 19,506 2,69,660
May-2024 22,036 2,360 19,676 2,49,984
  5 $ 2,64,429 $ 14,445 $ 2,49,984 $ -0
June-2024 22,036 2,187 19,848 2,30,136
July-2024 22,036 2,014 20,022 2,10,114
August-2024 22,036 1,838 20,197 1,89,916
September-2024 22,036 1,662 20,374 1,69,542
October-2024 22,036 1,483 20,552 1,48,990
November-2024 22,036 1,304 20,732 1,28,258
December-2024 22,036 1,122 20,913 1,07,345
January-2025 22,036 939 21,096 86,248
February-2025 22,036 755 21,281 64,967
March-2025 22,036 568 21,467 43,500
April-2025 22,036 381 21,655 21,845
May-2025 22,036 191 21,845 -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.