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Loan EMI Calculator
Calculate Equated Monthly Installments (EMI), interest cost, and annual repayment schedule for any bank loan.
Loan Parameters
₹25,00,000
₹1 Lakh₹1 Crore₹2 Crore
8.75%
5%15%25%
15 Years (180 Months)
1 Year15 Years30 Years
Monthly Repayment Summary
Equated Monthly Installment (EMI)
₹24,986
Payable monthly for 180 consecutive installments
Principal: 55.6%Interest: 44.4%
Principal Loan Amount:₹25,00,000
Total Interest Payable:₹19,97,519
Total Repayment (Principal + Interest):₹44,97,519
Annual Loan Amortization Schedule (Initial Years)
| Year | Principal Repaid | Interest Paid | Closing Balance |
|---|---|---|---|
| Year 1 | ₹84,417 | ₹2,15,418 | ₹24,15,583 |
| Year 2 | ₹92,107 | ₹2,07,728 | ₹23,23,476 |
| Year 3 | ₹1,00,497 | ₹1,99,337 | ₹22,22,979 |
| Year 4 | ₹1,09,652 | ₹1,90,182 | ₹21,13,327 |
| Year 5 | ₹1,19,641 | ₹1,80,194 | ₹19,93,686 |
| Year 6 | ₹1,30,540 | ₹1,69,295 | ₹18,63,146 |
| Year 7 | ₹1,42,432 | ₹1,57,403 | ₹17,20,714 |
| Year 8 | ₹1,55,406 | ₹1,44,428 | ₹15,65,308 |
| Year 9 | ₹1,69,563 | ₹1,30,271 | ₹13,95,745 |
| Year 10 | ₹1,85,010 | ₹1,14,825 | ₹12,10,735 |
Mathematical Formula for Loan EMI in India
An Equated Monthly Installment (EMI) represents the fixed payment amount made by a borrower to a financial lender at a specified date each calendar month.
Standard EMI Formula:
E = P × r × (1 + r)n / [ (1 + r)n - 1 ]
- • E = Equated Monthly Installment (EMI)
- • P = Principal Loan Amount
- • r = Monthly Interest Rate (Annual Rate / 12 / 100)
- • n = Total Number of Monthly Installments (Tenure in Years × 12)