Work out the fixed monthly payment on a reducing-balance loan and see how much interest you pay over the full term. Free, no signup, runs in your browser.
Estimates only — not financial, tax, or medical advice. Read disclaimer.
What is this tool?
Work out the fixed monthly payment on a reducing-balance loan and see how much interest you pay over the full term.
How to Use
- Enter the loan amount and annual interest rate.
- Set the tenure in years or months.
- Read the EMI and total interest; open the schedule for month-by-month splits.
Frequently Asked Questions
Does prepayment change EMI?
Usually you can lower tenure or EMI after prepayment; this tool shows the baseline schedule before extra payments.
Why is my bank EMI slightly different?
Rounding, exact day-count conventions, or bundled charges can shift the last payment by a few rupees.
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