Estimate monthly loan instalments and view a complete month-by-month repayment schedule. The calculator runs privately in your browser.
Calculate loan EMI
| Month | Opening (₹) | EMI (₹) | Interest (₹) | Principal (₹) | Closing (₹) |
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How the EMI is calculated
For a fixed monthly reducing-balance loan, the EMI is calculated using the principal, monthly interest rate and number of instalments:
Here P is the loan amount, r is annual interest rate ÷ 12 ÷ 100 and n is the number of monthly instalments. At zero interest, EMI equals principal divided by months.
The schedule assumes the first instalment falls one month after disbursement, without moratorium, part-prepayments or rate resets. Banks may calculate actual instalments differently.
Why MSMEs should check EMI before borrowing
Compare projected monthly cash accruals with existing debt commitments and the proposed instalment. EMI affordability is not the same as bank sanction eligibility. For deeper assessment, read our DSCR guide, term-loan assessment and interest-rate guide.
Disclaimer: Educational estimates only. Actual bank assessment, interest computation, fees, margins, sanction terms and eligibility can differ. No financial information entered here is transmitted or stored by this tool.