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A complete loan calculator showing the monthly instalment, the total interest cost, the total repayment and a month-by-month amortization schedule.
Last updated 5 September 2026
Monthly EMI
₹17,394
Total interest
₹2,43,636
Total repayment
₹10,43,636
| # | Opening | EMI | Principal | Interest | Closing |
|---|---|---|---|---|---|
| 1 | ₹8,00,000 | ₹17,394 | ₹10,061 | ₹7,333 | ₹7,89,939 |
| 2 | ₹7,89,939 | ₹17,394 | ₹10,153 | ₹7,241 | ₹7,79,787 |
| 3 | ₹7,79,787 | ₹17,394 | ₹10,246 | ₹7,148 | ₹7,69,541 |
| 4 | ₹7,69,541 | ₹17,394 | ₹10,340 | ₹7,054 | ₹7,59,201 |
| 5 | ₹7,59,201 | ₹17,394 | ₹10,435 | ₹6,959 | ₹7,48,766 |
| 6 | ₹7,48,766 | ₹17,394 | ₹10,530 | ₹6,864 | ₹7,38,236 |
| 7 | ₹7,38,236 | ₹17,394 | ₹10,627 | ₹6,767 | ₹7,27,609 |
| 8 | ₹7,27,609 | ₹17,394 | ₹10,724 | ₹6,670 | ₹7,16,885 |
| 9 | ₹7,16,885 | ₹17,394 | ₹10,822 | ₹6,571 | ₹7,06,063 |
| 10 | ₹7,06,063 | ₹17,394 | ₹10,922 | ₹6,472 | ₹6,95,141 |
| 11 | ₹6,95,141 | ₹17,394 | ₹11,022 | ₹6,372 | ₹6,84,119 |
| 12 | ₹6,84,119 | ₹17,394 | ₹11,123 | ₹6,271 | ₹6,72,996 |
How much you want to borrow.
The annual interest rate and repayment period.
EMI, total interest, total repayment and the amortization schedule appear instantly.
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1)
The Loan Calculator and EMI Calculator share one calculation engine, so results always match.
With r = 11 ÷ 1200 ≈ 0.009167 and n = 60, (1 + r)^n ≈ 1.729. EMI = 800000 × 0.009167 × 1.729 ÷ 0.729 ≈ ₹17,393. Total paid over 60 months is about ₹10.44 lakh.
Each row is one instalment. “Interest” is that month’s charge on the opening balance; “Principal” is the rest of the EMI, which actually reduces what you owe. Watch the closing balance fall to zero on the final row.
Making a prepayment reduces the balance immediately, which cuts every future interest charge — the schedule is a good way to see how much a lump-sum prepayment early in the loan would save.
When comparing two loan offers, the headline interest rate alone can mislead — a lower rate with a longer tenure can cost more in total interest than a higher rate over a shorter one. Run each offer through this calculator with its actual rate and tenure and compare the total repayment figure, not just the rate.
Also watch for a processing fee quoted separately from the interest rate; a 1-2% one-time fee on a large loan is a real cost that a rate comparison alone won't surface.
It uses the same formula and engine. The Loan Calculator leads with the total cost of borrowing and the schedule; the EMI Calculator leads with the monthly figure. Use whichever framing you prefer.
Not yet in a single run, but you can re-run the calculator with the reduced balance and a shorter tenure to approximate the effect of a prepayment — or use our dedicated Home Loan Prepayment Calculator for an exact month-by-month comparison.
It calculates for one fixed rate. If your rate changes, re-run with the new rate and remaining tenure.
No. Processing fees, insurance and stamp duty are separate one-time costs.
Yes — the calculation is identical for any fixed-rate instalment loan, regardless of what it is used for.
It varies heavily by loan type and your credit profile — home loans in India are typically the cheapest (often 8-9.5%), personal loans the most expensive (10-24%), with car and other secured loans in between.
This calculator provides estimates for general information only. Results are mathematical calculations based on the figures you enter and standard formulas. Actual bank, loan, deposit and investment products may differ due to fees, rounding conventions, day-count methods and changing rates and rules. Projected investment returns are not guaranteed and you may get back less than you invest. Nothing here is financial, tax or investment advice — verify the actual terms with the relevant institution or a qualified adviser before making a decision. See our full disclaimer.