Use this calculator to calculate and plan your EMI and Loan amount for car loan, home loan, personal loan etc.
The EMI value for your laon majorly depends upon interest rate and loan period. But, there is also some impact on the EMI amount of how you need to pay your EMIs. Some financial institutions asks you to make an EMI payment at the disbursement of loan however some financial institutions allow you to start an EMI from next month. However your interest calculations start from disbursements.
Please note actual EMI and loan schedule may vary based on additional features your bank/financial institution is offering. For example, some banks allow pre-payment facility. Some banks disburse money in loan account but charges interest only when you withdraw money from that account. You can check with the bank to find most suitable loan for you.
It is assumed that EMI starts at the beginning of the period. So if you select EMI Starts from "At thesanctioning of Loan" that means you have to pay first EMI at the time of loan sanction. If your financial company follows End of the Month Cycle where you need to make a first payment next month than select accordingly.
Education Loan EMI Calculator
Education Loan EMI Calculator (Moratorium support)
Note: Moratorium interest is capitalised in this calculator.
Monthly EMI
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Total Payment (incl. moratorium)
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Total Interest Paid
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Loan Payment Schedule (monthly breakdown)
| Month | Opening Balance | EMI | Interest | Principal | Closing Balance |
|---|---|---|---|---|---|
| Calculate to view schedule | |||||
How moratorium is handled: This calculator capitalises interest during moratorium months — i.e. interest for each moratorium month is added to principal, and EMI is calculated on the new principal for remaining tenure. Adjust method if your lender uses interest-only or other rules.