EMI & loan amortisation calculator
Calculate your monthly EMI, total interest and full amortisation schedule. Add a monthly prepayment or a one-time part-payment to see how much interest you save.
How an EMI is calculated
EMI = P × i × (1 + i)n ÷ [(1 + i)n − 1], where P is the principal, i the monthly interest rate and n the number of months. Early EMIs are mostly interest; over time more goes to principal.
Prepay and save
Even a small extra payment each month, or a one-time part-payment from a bonus, reduces the principal quickly – cutting both your interest cost and your loan tenure.
This calculator is for illustration only and is not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully.
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