EMI Calculator 2026
Calculate your loan EMI, interest, and repayment schedule
EMI Calculator Summary
- Loan EMI
- Total Interest Payable
- Total Payment (Principal + Interest)
- twenty lakh ninety one thousand seven hundred and forty one rupees only
EMI Payment / Year
Your Repayment/Breakup Details (Monthly)
Your debt repayment schedule in regular instalments over a period of time.
| Year | Principal Paid | Interest Paid | Total Payment | Balance |
|---|---|---|---|---|
| ₹12,402 | ₹12,500 | ₹24,902 | ₹14,87,598 | |
| Dec | ₹12,402 | ₹12,500 | ₹24,902 | ₹14,87,598 |
| ₹1,57,137 | ₹1,41,687 | ₹2,98,824 | ₹13,30,461 | |
| ₹1,73,591 | ₹1,25,233 | ₹2,98,824 | ₹11,56,870 | |
| ₹1,91,768 | ₹1,07,056 | ₹2,98,824 | ₹9,65,102 | |
| ₹2,11,849 | ₹86,975 | ₹2,98,824 | ₹7,53,253 | |
| ₹2,34,032 | ₹64,792 | ₹2,98,824 | ₹5,19,220 | |
| ₹2,58,539 | ₹40,285 | ₹2,98,824 | ₹2,60,682 | |
| ₹2,60,682 | ₹13,213 | ₹2,73,895 | ₹0 |
Formula used by EMI Calculator
R is the annual interest rate divided by 12 and then by 100. Each month the interest charged is the outstanding balance × R, and the rest of the EMI repays principal, so the interest share of the same EMI falls every year. At 0% interest the EMI is simply P / n. The same figures in Excel or Google Sheets, for the first month:
Monthly EMI=PMT(10/1200, 84, -1500000) → ₹24,902
Interest Paid for first month=IPMT(10/1200, 1, 84, -1500000) → ₹12,500
Principal Paid for first month=PPMT(10/1200, 1, 84, -1500000) → ₹12,402
References
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