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EMI Calculator 2026

Calculate your loan EMI, interest, and repayment schedule

Loan Amount

₹

Quick Loan Presets:

₹2.00 L₹50.00 L

Interest Rate (% p.a.)

5%20%

Loan Tenure (Years)

Yrs

1 Yr7 Yrs

EMI Calculator Summary

Loan EMI

Total Interest Payable
Total Payment (Principal + Interest): two lakh forty two thousand five hundred and ninety five rupees only

EMI Payment / Year

Year: 2026

Principal Paid: ₹4,572

Interest Paid: ₹2,167

Total Payment: ₹6,739

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
	₹4,572	₹2,167	₹6,739	₹1,95,428
Dec	₹4,572	₹2,167	₹6,739	₹1,95,428
	₹58,889	₹21,979	₹80,868	₹1,36,538
	₹67,018	₹13,850	₹80,868	₹69,520
	₹69,520	₹4,599	₹74,120	₹0

Formula used by EMI Calculator

Standard Formula

EMI = [P × R × (1+R)^n] / [(1+R)^n − 1]

Live Calculation (Plugging Your Values)

Loan amount (P):₹2,00,000

Monthly rate (R):13% / 12 / 100 = 13/1200

Number of EMIs (months) (n):36

Substituted Equation:

[₹2,00,000 × 13/1200 × (1+13/1200)^36] / [(1+13/1200)^36 − 1]

Monthly EMI:₹6,739

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(13/1200, 36, -200000) → ₹6,739

Interest Paid for first month
=IPMT(13/1200, 1, 36, -200000) → ₹2,167

Principal Paid for first month
=PPMT(13/1200, 1, 36, -200000) → ₹4,572