Plan Your Loan Smartly Before You Borrow
Uses values from the EMI tab. Click Calculate.
Month-wise schedule appears below after Calculate. Use search and pagination on the table.
Loan A
Loan B
* Interest + processing fee + insurance.
| Month | Opening | Principal | Interest | Closing |
|---|
Equated Monthly Instalment — fixed monthly payment covering interest and principal under a reducing-balance loan.
Interest is charged on the outstanding principal, so the interest portion falls over time.
Fixed rates stay constant; floating rates move with the lender’s benchmark — EMI or tenure may change.
Ignoring fees, stretching tenure only to lower EMI, and not stress-testing affordability.
Using the standard reducing-balance formula with monthly rate and number of months.
Usually yes for fixed-rate reducing-balance loans; floating loans may change.
Sum of all interest portions across the schedule.
Yes for true cost of borrowing, even if not part of EMI.
Usually yes on reducing-balance loans if allowed without heavy charges.
Both help; monthly extras compound the effect over time.
Often lenders prefer total EMIs under ~40–50% of income; tighter is safer.
Less interest, higher EMI — match to cash flow.
Same formula; rates, security and tax treatment differ.
Yes — for learning loan maths and planning.
Estimate only; lender systems may round differently.
Month-by-month split of principal and interest.
Compare total interest and total outflow, not only EMI.
EMI or tenure can rise if benchmarks rise.
Include if mandatory or paid upfront with the loan.
Interest may still accrue — not modelled in this basic tool.
Apply after that month’s EMI in this planner.
CSV export of the amortization schedule.
Early EMIs are mostly interest on a large outstanding principal.
Based on residual income after expenses and existing EMIs vs proposed EMI.
Disclaimer: This calculator provides estimated EMI values for planning purposes only. Actual EMI, processing fees, taxes and repayment schedules may vary depending on the lender's policies.