Loan Calculator
Calculate the monthly payment, total interest and total cost of any loan - personal, education or business - using the reducing-balance method.
Loan Calculator
FinanceMonthly payment, interest & total cost for any loan.
Loan details
₹10,00,000
₹
10 %
%
5 years
years
Monthly EMI
₹21,247
Total payment₹12,74,823
- Principal
- Interest
- Principal
- ₹10,00,000
- Total interest
- ₹2,74,823
- Total payment
- ₹12,74,823
Frequently asked questions
How is the monthly loan payment calculated?
Using the EMI formula on a reducing balance: each payment covers the month's interest plus part of the principal, so the balance shrinks over time.
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