EMI Loan Calculator
Monthly instalment, total interest and the full amortisation schedule for any loan amount, rate and tenure.
Monthly EMI & Payment Breakdown
₹ 43,391
Monthly Outflow
₹ 54,13,879
Interest Payable to Bank
₹ 1,04,13,879
Principal + Total Interest
Year-by-Year Loan Amortization Schedule
| Year | Opening Balance | Principal Paid | Interest Paid | Total Annual Outflow | Closing Balance |
|---|
Frequently asked questions
How is monthly loan EMI calculated?
Monthly EMI is computed using the standard reducing-balance amortisation formula: EMI = [P × R × (1+R)N] ÷ [(1+R)N − 1], where P is Principal loan amount, R is monthly interest rate (Annual rate ÷ 12 ÷ 100), and N is loan tenure in months.
What is an amortization schedule?
An amortization schedule is an itemized year-by-year table displaying the breakdown of every loan payment into principal repayment and interest expense, tracking the reduction of the outstanding loan balance to zero over time.
Can loan interest and principal repayment save income tax in India?
For home loans under the Old Tax Regime, principal repayment is eligible for deduction up to ₹1.5 Lakhs under Section 80C, and interest paid on self-occupied house property is deductible up to ₹2 Lakhs under Section 24(b). For business loans, 100% of interest paid is an allowable business expense under Section 36(1)(iii).
What is CMA Data for bank loan sanctions?
Credit Monitoring Arrangement (CMA) Data is a comprehensive financial report analyzing past, current, and projected financial statements, cash flows, and debt service coverage ratios (DSCR) required by commercial banks for approving working capital and term loans. Natasha & Company prepares CA-certified CMA Data reports.
Numbers look off? Let us check the real position.
A calculator works from what you type in. A Chartered Accountant works from your actual books, notices and prior filings — which is usually where the difference lives.