Loan & EMI Calculator

Compute monthly EMI, total interest share, processing fee impact, and yearly repayment schedule in ₹ INR (Lakhs/Crores) or $ USD.

Equated Monthly Installment (EMI)
USD 525.05
60 monthly installments at 9.5% p.a.
Loan Principal USD 25,000.00
Total Interest Payable USD 6,502.79
Total Repayment (P + I) USD 31,502.79
Upfront Processing Fee USD 250.00
Inputs
Amounts are treated in the selected currency; no foreign-exchange conversion is applied.
$ / ₹
Total amount borrowed from the bank or NBFC.
% p.a.
Reducing-balance nominal annual rate (0% zero-interest supported).
months
Total monthly installments (up to 50 years; e.g., 300 months = 25 years).
%
One-time lender processing fee as a percentage of principal.
Results & Graph
Equated Monthly Installment (EMI)
USD 525.05
60 monthly installments at 9.5% p.a.
Loan Principal
USD 25,000.00
Total Interest Payable
USD 6,502.79
20.6% of total repayment
Total Repayment (P + I)
USD 31,502.79
Upfront Processing Fee
USD 250.00
1% of principal

Annual Principal vs. Interest Repayment

Comparison of principal reduction and interest cost per year
Graph 1 • Annual Principal vs. Interest Repayment Comparison of principal reduction and interest cost per year
0 1.6k 3.2k 4.7k 6.3k Yr 1Yr 2Yr 3Yr 4Yr 5
Graph 2 • Latest Period Component Values Values retain their calculator-defined labels and units.
Principal Repaid 5,988 USD Interest Paid 313 USD
Graph 3 • Monthly Payment vs. Interest Rate Shows the scheduled monthly loan payment across rate assumptions, with other inputs held constant.
0 296.9 593.8 7.5%: 500.95 500.9 7.5% 8.5%: 512.91 512.9 8.5% 9.5%: 525.05 525.0 9.5% 10.5%: 537.35 537.4 10.5% 11.5%: 549.82 549.8 11.5%
Summary: Total principal is USD 25,000.00 and total interest is USD 6,502.79.
Summary: For a loan of USD 25,000.00 at 9.5% annual interest over 60 months (5 years), your monthly EMI is USD 525.05. Interest accounts for 20.6% (USD 6,502.79) of the USD 31,502.79 total repayment.
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Loan EMI Repayment Schedule (Yearly Summary)

PeriodPrincipal PaidInterest PaidClosing Balance
Year 1 (Mo 12)USD 4,101.08USD 2,199.48USD 20,898.92
Year 2 (Mo 24)USD 4,508.10USD 1,792.46USD 16,390.83
Year 3 (Mo 36)USD 4,955.52USD 1,345.04USD 11,435.31
Year 4 (Mo 48)USD 5,447.34USD 853.22USD 5,987.97
Year 5 (Mo 60)USD 5,987.97USD 312.59USD 0.00

Formula & Mathematical Methodology: Reducing-Balance Equated Monthly Installment (EMI) Formula

EMI = P × r × (1 + r)n(1 + r)n − 1where r = Annual Rate12 × 100
EMI = P × r × (1 + r)^n / [ (1 + r)^n − 1 ]
  • EMI: Equated Monthly Installment
  • P: Principal loan amount borrowed
  • r: Monthly interest rate = Annual Rate / (12 × 100)
  • n: Loan tenure in months

Rounding: Monthly EMI and totals are rounded to 2 decimal places.

Worked Example: ₹10,00,000 Loan at 9.5% p.a. for 60 Months (5 Years)

A borrower takes a ₹10 Lakh auto/personal loan at 9.5% annual reducing-balance interest for 60 months with a 1% processing fee.

  1. Calculate (1 + r)^60 = (1.0079167)^60 = 1.605009.
  2. Compute EMI = 10,00,000 × 0.0079167 × 1.605009 ÷ (1.605009 − 1) = ₹21,001.86/month.
  3. Total repayment = ₹21,001.86 × 60 = ₹12,60,111.60 (Total interest = ₹2,60,111.60).
Result: Monthly EMI is ₹21,001.86 and total interest over 5 years is ₹2,60,111.60.

Frequently Asked Questions

What is the difference between a flat interest rate and a reducing-balance rate?

In a reducing-balance loan, interest each month is charged only on the remaining unpaid principal. In a flat-rate quote, interest is calculated on the original full principal for the entire tenure, making a 10% flat rate roughly equivalent to a 17%–18% reducing-balance rate.

How does the calculator handle a 0% no-cost EMI?

When the interest rate is set to 0%, the engine switches to exact linear division (EMI = Principal ÷ Months) to avoid division-by-zero errors.

Finance & Investing · Loans & Credit

Loan & EMI Calculator: inputs, method, and how to read the result

Compute monthly EMI, total interest share, processing fee impact, and yearly repayment schedule in ₹ INR (Lakhs/Crores) or $ USD.

Choose inputs for the case you are checking

The defaults are illustrative. Replace them with values for your case and keep the units shown beside each field.

  • Display Currency: Amounts are treated in the selected currency; no foreign-exchange conversion is applied.
  • Loan Principal Amount: Total amount borrowed from the bank or NBFC.
  • Annual Interest Rate: Reducing-balance nominal annual rate (0% zero-interest supported).
  • Loan Tenure (Months): Total monthly installments (up to 50 years; e.g., 300 months = 25 years).

What the calculation includes

With the default values shown, Equated Monthly Installment (EMI) is USD 525.05. The calculation follows Reducing-Balance Equated Monthly Installment (EMI) Formula; the formula and variable definitions above show how the inputs combine.

One-input check: With the other defaults held constant, changing Loan Principal Amount from 25,000 $ / ₹ to 27,500 $ / ₹ changes Equated Monthly Installment (EMI) from USD 525.05 to USD 577.55. This is a comparison inside the calculator's stated model, not a prediction.

Where to use caution

  • Uses standard monthly reducing-balance compounding mandated for retail loans.
  • Does not include GST on processing fees (typically 18% GST on bank fee in India) or floating-rate repo resets.

Scope: India (RBI Reducing Balance Convention) & Global Check the assumptions and limitations against your situation before relying on the estimate.

More in Finance & Investing: Mortgage Calculator, GST Calculator (India), FD & RD Calculator (Fixed & Recurring Deposit).