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Work out the monthly instalment on any loan. Move the sliders and watch the EMI, the total interest and the full repayment schedule update as you go.
Move a slider or type a number. Everything updates instantly, and the link above carries your values so you can share or save them.
Ten lakh
The rate the lender charges each year.
A longer tenure lowers the EMI but raises the total interest.
Your monthly EMI
₹8,997
every month for 20 yr
Early years are mostly interest. That is why prepaying early saves the most.
EMI = P x r x (1+r)^n / ((1+r)^n - 1), where r is the monthly rate.
Nothing is hidden. The same formula runs in a shared, unit-tested library used by every calculator on this site.
These numbers are indicative. Your actual offer depends on the lender.
This calculator assumes the rate stays the same for the whole tenure. Most loans in India are floating rate, so your EMI can move when the RBI changes rates. Tell us your real situation and we will give you a figure you can plan around.
Questions
What people ask us most about this calculation.
We will tell you which lenders are likely to say yes to your file, and at roughly what rate, before you apply anywhere.
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