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Loan EMI Calculator

Work out the monthly instalment on a loan or a debt-recovery repayment plan. Enter the principal, annual interest rate and tenure to get the EMI, total interest and total amount payable, with a quick amortisation snapshot.

Monthly EMI
₹32,502
Total interest
₹1,70,088
Total payable
₹11,70,088

Based on a fixed rate of 10.5% p.a. compounded monthly over 36 months. Actual EMI may differ slightly by lender rounding, processing fees and rate resets.

Amortisation snapshot (first & last instalments)

MonthEMIInterestPrincipalBalance
1₹32,502₹8,750₹23,752₹9,76,248
2₹32,502₹8,542₹23,960₹9,52,287
3₹32,502₹8,333₹24,170₹9,28,117
…
34₹32,502₹838₹31,664₹64,162
35₹32,502₹561₹31,941₹32,221
36₹32,502₹282₹32,221₹0

How this is calculated

The EMI (Equated Monthly Instalment) is computed using the standard reducing-balance formula:

EMI = P × r × (1 + r)n / ((1 + r)n − 1)

  • P — loan principal.
  • r — monthly interest rate (annual rate ÷ 12 ÷ 100).
  • n — tenure in months.

Each instalment splits into an interest portion (on the outstanding balance) and a principal portion; the principal portion grows and the interest portion shrinks as the loan amortises, while the EMI itself stays constant. This is the same logic lenders use for personal, business, vehicle and most term loans, and it is also useful when structuring a settlement or instalment repayment plan for a debt-recovery matter.

Sources & basis

  • Standard reducing-balance EMI formula used across banking and NBFC lending in India (RBI Fair Practices Code on interest disclosure).
  • Actual loan agreements may apply different compounding conventions, processing fees, or floating-rate resets — verify the exact schedule with your lender or advocate.

Treat this as a planning estimate only. Confirm the final repayment schedule against the loan agreement and lender statement before relying on it.

Frequently asked questions

EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the tenure in months.

Yes, on a standard fixed-rate reducing-balance loan the EMI amount stays constant for the full tenure, but the split between interest and principal changes each month — interest reduces and principal repayment increases as the outstanding balance falls.

Yes, the same formula is commonly used to structure a fixed monthly instalment plan for an overdue amount or settlement, though the applicable rate and terms should be agreed and recorded in writing.

Lenders may round the EMI, add processing fees or charges, use a different day-count/compounding convention, or apply a floating rate that resets periodically. Confirm the exact figure from your loan agreement or lender statement.

Structure and track recovery instalment plans

CaseDocker Credit Workdesk helps you build, track and enforce settlement and instalment schedules across every overdue account.

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