Calculator
EMI calculator
Reducing-balance EMI for any loan or card-balance conversion. Move the sliders — the numbers update instantly in your browser, nothing leaves your device.
Monthly EMI
₹8,979
- Principal amount
- ₹1,00,000
- Total interest
- ₹7,745
- Total payable
- ₹1,07,745
The reducing-balance method
Where each EMI actually goes
Your EMI is the same amount every month, but its make-up shifts. Early on, most of it is interest on a large outstanding balance; as the balance falls, more of each payment goes to principal. That's why prepaying early — when the interest share is highest — saves you the most.
Three things change your EMI
Loan amount
The principal you borrow. A bigger amount raises every EMI proportionally — and the total interest with it.
Interest rate
Charged on the reducing balance each month. Even a couple of points changes what you pay over the full term.
Tenure
How long you take to repay. A longer tenure lowers the monthly EMI but quietly increases total interest.