Compute EMI, total interest & payoff duration.
EMI stands for Equated Monthly Installment—the fixed payment you make each month until the loan is repaid.
We use a standard amortization formula for fixed-rate loans. Actual bank computations may vary slightly.
No. Enter only principal, rate, and term. Additional costs will change real payments.
Try Loan Extra Payment to see savings from prepayments, and Mortgage Calculator for home loans.
| Month | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| 1 | ₹10,623.52 | ₹4,166.67 | ₹6,456.86 | ₹493,543.14 |
| 2 | ₹10,623.52 | ₹4,112.86 | ₹6,510.66 | ₹487,032.48 |
| 3 | ₹10,623.52 | ₹4,058.60 | ₹6,564.92 | ₹480,467.56 |
| 4 | ₹10,623.52 | ₹4,003.90 | ₹6,619.63 | ₹473,847.94 |
| 5 | ₹10,623.52 | ₹3,948.73 | ₹6,674.79 | ₹467,173.15 |
| 6 | ₹10,623.52 | ₹3,893.11 | ₹6,730.41 | ₹460,442.73 |
| 7 | ₹10,623.52 | ₹3,837.02 | ₹6,786.50 | ₹453,656.24 |
| 8 | ₹10,623.52 | ₹3,780.47 | ₹6,843.05 | ₹446,813.18 |
| 9 | ₹10,623.52 | ₹3,723.44 | ₹6,900.08 | ₹439,913.10 |
| 10 | ₹10,623.52 | ₹3,665.94 | ₹6,957.58 | ₹432,955.52 |
| 11 | ₹10,623.52 | ₹3,607.96 | ₹7,015.56 | ₹425,939.96 |
| 12 | ₹10,623.52 | ₹3,549.50 | ₹7,074.02 | ₹418,865.94 |