Reducing EMI Calculator

Calculate EMI for loan with Reducing Balance Interest Rate method. Also check annual and monthly amortization tables.
In Reducing Balance Interest Rate method interest is calculated on the outstanding loan amount.


Loan Parameters
Loan Amount
Interest rate
%
Loan term
years
EMI Date
Repayment Details

Loan Amount : ₹ 1,00,000

Interest Rate : 12.00%

Loan Term : 60 months

EMI : ₹ 2,224

Total Interest : ₹ 33,467

Total Payments : ₹ 1,33,467

Repayment Chart
Payment Distribution Graph
Amortization Table
Year Total Payment Interest Principal Balance
  1 ₹ 26,693 ₹ 11,164 ₹ 15,529 ₹ 84,471
September-2023 2,224 1,000 1,224 98,776
October-2023 2,224 988 1,237 97,539
November-2023 2,224 975 1,249 96,290
December-2023 2,224 963 1,262 95,028
January-2024 2,224 950 1,274 93,754
February-2024 2,224 938 1,287 92,467
March-2024 2,224 925 1,300 91,167
April-2024 2,224 912 1,313 89,855
May-2024 2,224 899 1,326 88,529
June-2024 2,224 885 1,339 87,190
July-2024 2,224 872 1,353 85,837
August-2024 2,224 858 1,366 84,471
  2 ₹ 26,693 ₹ 9,195 ₹ 17,498 ₹ 66,972
September-2024 2,224 845 1,380 83,091
October-2024 2,224 831 1,394 81,698
November-2024 2,224 817 1,407 80,290
December-2024 2,224 803 1,422 78,869
January-2025 2,224 789 1,436 77,433
February-2025 2,224 774 1,450 75,983
March-2025 2,224 760 1,465 74,518
April-2025 2,224 745 1,479 73,039
May-2025 2,224 730 1,494 71,545
June-2025 2,224 715 1,509 70,036
July-2025 2,224 700 1,524 68,512
August-2025 2,224 685 1,539 66,972
  3 ₹ 26,693 ₹ 6,976 ₹ 19,718 ₹ 47,255
September-2025 2,224 670 1,555 65,418
October-2025 2,224 654 1,570 63,847
November-2025 2,224 638 1,586 62,262
December-2025 2,224 623 1,602 60,660
January-2026 2,224 607 1,618 59,042
February-2026 2,224 590 1,634 57,408
March-2026 2,224 574 1,650 55,757
April-2026 2,224 558 1,667 54,091
May-2026 2,224 541 1,684 52,407
June-2026 2,224 524 1,700 50,707
July-2026 2,224 507 1,717 48,989
August-2026 2,224 490 1,735 47,255
  4 ₹ 26,693 ₹ 4,475 ₹ 22,218 ₹ 25,036
September-2026 2,224 473 1,752 45,503
October-2026 2,224 455 1,769 43,733
November-2026 2,224 437 1,787 41,946
December-2026 2,224 419 1,805 40,141
January-2027 2,224 401 1,823 38,318
February-2027 2,224 383 1,841 36,477
March-2027 2,224 365 1,860 34,617
April-2027 2,224 346 1,878 32,739
May-2027 2,224 327 1,897 30,842
June-2027 2,224 308 1,916 28,926
July-2027 2,224 289 1,935 26,991
August-2027 2,224 270 1,955 25,036
  5 ₹ 26,693 ₹ 1,657 ₹ 25,036 ₹ -0
September-2027 2,224 250 1,974 23,062
October-2027 2,224 231 1,994 21,068
November-2027 2,224 211 2,014 19,055
December-2027 2,224 191 2,034 17,021
January-2028 2,224 170 2,054 14,966
February-2028 2,224 150 2,075 12,892
March-2028 2,224 129 2,096 10,796
April-2028 2,224 108 2,116 8,680
May-2028 2,224 87 2,138 6,542
June-2028 2,224 65 2,159 4,383
July-2028 2,224 44 2,181 2,202
August-2028 2,224 22 2,202 -0

Flat Rate EMI Calculator
Calculate EMI for a flat rate loan with annual and monthly amortization tables
Loan Amount
Loan Term    years
Flat Rate   %


Reducing Balance EMI Calculator
Calculate EMI for loan with Reducing Balance Interest Rate method. Also check annual and monthly amortization tables.
Loan Amount  ₹ 
Loan Term     years
Interest Rate %



Flat -vs- Reducing Balance Interest Rate
Check the EMI Calculations for Flat vs Reducing Balance Interest Rate
Loan Amount      ₹   
Loan Term       years
Flat Rate                   %
Reducing Balance 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 %
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 %