Free Tool • Instant Results
EMICalculator
Works for any loan — personal, car, consumer or business. See your monthly EMI, total interest, and full repayment schedule.
Enter Your Loan Details
Drag the sliders or type a value. Results update instantly.
Rajput Lalit & Associates
GST • Income Tax • Accounting — Ambala City, Haryana
+91 93549 53603 • www.rajputlalitassociates.in
EMI Calculator (General) — Report
Your Monthly EMI
₹16,607
For a loan of ₹5,00,000 at 12% p.a. over 3 years, you will pay a total of ₹5,97,858 — of which ₹97,858 is interest.
Payment Breakdown
Year-wise Breakdown
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1.47 L | ₹52,078 | ₹3.53 L |
| 2 | ₹1.66 L | ₹33,408 | ₹1.87 L |
| 3 | ₹1.87 L | ₹12,371 | ₹0 |
Get this as a detailed report
A full year-wise breakdown you can save or share, plus a quick review of whether this EMI fits your budget.
No spam. We use your details only to send this report and, if useful, discuss your loan/investment plan.
Disclaimer:This is an estimate for general guidance only, based on a standard reducing-balance EMI calculation. Actual EMI, processing fees, and eligibility depend on the lender's own assessment and current rates. This is not a loan approval or a guarantee of the rate shown.
Looking for a specific loan type?
This calculator uses the standard reducing-balance EMI formula that applies to any term loan. If you're specifically planning a home purchase or a business loan, our dedicated calculators include loan-type-specific guidance and FAQs: Home Loan EMI Calculator and Business Loan EMI Calculator.
Already investing alongside your EMIs? Try our SIP Calculator to see how your investments could grow over the same period.
Need help with tax or compliance too?
We handle GST, income tax and accounting for individuals and businesses across India. The first consultation is free.
Book a Free ConsultationFrequently Asked Questions
What is EMI and how is it calculated?
EMI (Equated Monthly Instalment) is the fixed monthly amount you pay to repay a loan. It's calculated using the reducing-balance formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate, and n is the number of monthly instalments.
Does this EMI calculator work for personal, car and business loans?
Yes — the underlying formula is the same for any reducing-balance loan (personal, car, consumer durable, or business). Only the typical interest rate and tenure differ by loan type. For a home loan or business loan specifically, our dedicated Home Loan EMI Calculator and Business Loan EMI Calculator include loan-type-specific FAQs and guidance.
What is the difference between flat rate and reducing balance EMI?
Reducing balance (used here, and by virtually all banks and NBFCs today) charges interest only on the outstanding principal, which falls every month. A flat rate charges interest on the original principal for the entire tenure, which works out significantly more expensive for the same quoted rate — always confirm which method a lender is using before comparing offers.
How can I reduce my total interest outflow?
The three levers are: a shorter tenure (higher EMI, less total interest), a lower interest rate (compare offers before signing), and prepaying a lump sum early in the loan when your outstanding principal — and therefore future interest — is highest.
Is the EMI shown here exactly what I'll be offered?
No — this is a planning estimate. Your actual EMI depends on the lender's final approved rate, which is based on your credit score, income, existing liabilities and the specific loan scheme. Always confirm the final figure from the loan sanction letter.
Get in Touch
Contact Us
Have a question about GST, Income Tax, Accounting or Business Compliance? Contact us for professional assistance.
Contact Information
Professional SupportWhen You Need It
Reach us by phone, WhatsApp, email or visit our office for professional tax, accounting and compliance assistance.
info@rajputlalitassociates.in
Office Address
1805, Sector-9,
Ambala City, Haryana - 134003
Office Hours
Monday – Friday: 10:00 AM – 6:00 PM
Saturday & Sunday: Closed
Send a Message
How Can We Help You?
Fill in the form below and share your query with us.