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
June-2024 2,224 1,000 1,224 98,776
July-2024 2,224 988 1,237 97,539
August-2024 2,224 975 1,249 96,290
September-2024 2,224 963 1,262 95,028
October-2024 2,224 950 1,274 93,754
November-2024 2,224 938 1,287 92,467
December-2024 2,224 925 1,300 91,167
January-2025 2,224 912 1,313 89,855
February-2025 2,224 899 1,326 88,529
March-2025 2,224 885 1,339 87,190
April-2025 2,224 872 1,353 85,837
May-2025 2,224 858 1,366 84,471
  2 ₹ 26,693 ₹ 9,195 ₹ 17,498 ₹ 66,972
June-2025 2,224 845 1,380 83,091
July-2025 2,224 831 1,394 81,698
August-2025 2,224 817 1,407 80,290
September-2025 2,224 803 1,422 78,869
October-2025 2,224 789 1,436 77,433
November-2025 2,224 774 1,450 75,983
December-2025 2,224 760 1,465 74,518
January-2026 2,224 745 1,479 73,039
February-2026 2,224 730 1,494 71,545
March-2026 2,224 715 1,509 70,036
April-2026 2,224 700 1,524 68,512
May-2026 2,224 685 1,539 66,972
  3 ₹ 26,693 ₹ 6,976 ₹ 19,718 ₹ 47,255
June-2026 2,224 670 1,555 65,418
July-2026 2,224 654 1,570 63,847
August-2026 2,224 638 1,586 62,262
September-2026 2,224 623 1,602 60,660
October-2026 2,224 607 1,618 59,042
November-2026 2,224 590 1,634 57,408
December-2026 2,224 574 1,650 55,757
January-2027 2,224 558 1,667 54,091
February-2027 2,224 541 1,684 52,407
March-2027 2,224 524 1,700 50,707
April-2027 2,224 507 1,717 48,989
May-2027 2,224 490 1,735 47,255
  4 ₹ 26,693 ₹ 4,475 ₹ 22,218 ₹ 25,036
June-2027 2,224 473 1,752 45,503
July-2027 2,224 455 1,769 43,733
August-2027 2,224 437 1,787 41,946
September-2027 2,224 419 1,805 40,141
October-2027 2,224 401 1,823 38,318
November-2027 2,224 383 1,841 36,477
December-2027 2,224 365 1,860 34,617
January-2028 2,224 346 1,878 32,739
February-2028 2,224 327 1,897 30,842
March-2028 2,224 308 1,916 28,926
April-2028 2,224 289 1,935 26,991
May-2028 2,224 270 1,955 25,036
  5 ₹ 26,693 ₹ 1,657 ₹ 25,036 ₹ -0
June-2028 2,224 250 1,974 23,062
July-2028 2,224 231 1,994 21,068
August-2028 2,224 211 2,014 19,055
September-2028 2,224 191 2,034 17,021
October-2028 2,224 170 2,054 14,966
November-2028 2,224 150 2,075 12,892
December-2028 2,224 129 2,096 10,796
January-2029 2,224 108 2,116 8,680
February-2029 2,224 87 2,138 6,542
March-2029 2,224 65 2,159 4,383
April-2029 2,224 44 2,181 2,202
May-2029 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 %