EMI Calculator
by caprashant.in • India-ready
Loan Inputs
Enter your loan details. All computations update instantly.
ⓘChoose a category for better context.
ⓘArrears: pay at month-end. Advance: pay at month-start (reduces interest).
Principal Amount: —
ⓘThe total loan amount you wish to borrow from the bank or financial institution
Interest Rate: —
ⓘAnnual interest rate charged by the lender (e.g., 10.5% per annum)
ⓘDuration for loan repayment in months or years
Loan Tenure: —
Loan Start Date: —
ⓘThe date when your loan is sanctioned/disbursed. Helps calculate actual EMI payment dates
First EMI Date: —
ⓘUsually 30 days after disbursement; must be on/after loan start date
EMI Summary
Home/Mortgage Loan • EMI in Arrears
₹ —
Monthly EMI
Principal Amount
₹ —
Total Interest Payable
₹ —
Total Amount Payable
₹ —
Loan Period
—
Interest Rate (p.a.)
—
First EMI Date
—
What is EMI?
EMI (Equated Monthly Installment) is a fixed monthly payment that includes both principal and interest, ensuring the loan is repaid over a defined tenure.
How to use this Calculator
Move sliders or type values for amount, rate and tenure. Optionally set dates to see actual payment dates. For car loans, try “EMI in Advance”.
Floating Rate EMI Calculations
For floating rates, recompute periodically with the revised rate and remaining tenure to estimate the new EMI or revised schedule.
Visual Breakdown
Interactive charts: hover/tap to see exact values.
Principal vs Interest
Year-wise Payment (Principal & Interest)
Principal Interest
Outstanding Balance Over Time
Cumulative Principal vs Interest (Stacked Area)
Payment Schedule
| Month | Month-Year | Opening Balance | EMI | Principal | Interest | Closing Balance |
|---|---|---|---|---|---|---|
| Totals | — | — | — | — | — | |
Helpful Tips
Strategies to reduce interest outgo
- Increase EMI slightly each year if income grows.
- Make occasional part prepayments; reduce tenure not EMI.
- Refinance if rate differential is meaningful after costs.
- Align EMI date close to salary date to avoid delays/penalties.
EMI in Advance vs Arrears
In “Advance”, the first payment occurs at month start, effectively reducing the principal earlier and lowering total interest. Our calculator adjusts EMI using: EMIadvance = EMIarrears / (1 + r).
Compare Scenarios (Optional)
Save the current configuration, tweak inputs, then compare side-by-side.
