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.
Use the rate and financed amount in your EMI offer, not the card’s revolving APR. For a no-cost EMI, the merchant may discount the price to offset interest; the bank rate need not be zero.
Monthly EMI before GST
₹8,979
- Principal amount
- ₹1,00,000
- Total interest
- ₹7,745
- GST on interest
- ₹1,394
- Processing fee including GST
- ₹0
- Estimated total payable
- ₹1,09,139
Includes the fees and tax selected above. Excludes late charges, foreclosure costs and other lender-specific charges. GST on interest varies each month as the balance falls.
The reducing-balance method
Where each EMI actually goes
Your EMI is the same amount every month, but its make-up shifts. Interest is calculated on the remaining balance. As that balance falls, the interest portion decreases and more of each payment repays principal. Interest need not be most of an EMI, especially on a short loan. Compare any prepayment saving with the lender’s foreclosure charges.
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.