Calculate your monthly EMI, total interest payable and total amount payable for any reducing-balance loan. Enter the loan amount, annual interest rate and tenure to see your repayment breakdown instantly — with live results in Indian ₹ formatting.
| # | Opening Balance | EMI | Principal | Interest | Closing Balance |
|---|---|---|---|---|---|
| Total |
The final payment is adjusted so the closing balance reaches exactly ₹0, removing floating-point residuals.
| Year | Opening Balance | Principal Paid | Interest Paid | Total Payments | Closing Balance |
|---|---|---|---|---|---|
| Total |
The lowest EMI and lowest total interest are highlighted for convenience. A lower EMI usually means a longer tenure and more total interest, so the mathematically cheapest option is not automatically the best financial choice for your situation.
Prepayment is applied to the outstanding balance after the chosen payment; the same EMI continues until the loan closes.
Prepayment is applied to the outstanding balance; EMI is recomputed for the remaining months at the same tenure.
More free calculators and tools from the SUPRAVAT.IN ecosystem.
We're adding new calculators and utilities regularly. Let us know what you'd like to see next.
Thanks! Your tool suggestion has been received.
Your idea may help us decide what to build next.
The SUPRAVAT.IN Loan Calculator helps you understand the true cost of borrowing before you sign up. Enter the loan amount, annual interest rate and tenure, and it instantly shows your monthly EMI, total interest payable and total amount payable, along with a full amortization schedule, year-wise summary, loan comparison and prepayment impact.
A loan calculator turns three inputs — principal, interest rate and tenure — into a clear repayment picture. Instead of guessing what a loan will cost, you see the exact monthly instalment and the total interest you will pay over the full term. This lets you compare offers from different lenders, test different tenures, and plan your budget with confidence.
EMI stands for Equated Monthly Instalment — the fixed amount you pay every month for the entire loan tenure. Each EMI is split into two parts: an interest portion charged on the outstanding balance, and a principal portion that reduces the balance. Although the EMI amount stays constant, the split changes every month, which is the core idea behind a reducing-balance loan.
In a reducing-balance loan, interest is charged only on the remaining principal, not on the original loan amount. Early in the tenure the outstanding balance is large, so most of each EMI is interest. As you repay principal month after month, the balance shrinks, the interest portion falls, and a larger share of each EMI goes toward principal. By the final months, almost the entire EMI is principal.
The principal is the actual amount you borrow — the money you receive and must return. Interest is the lender's charge for lending you that money, calculated as a percentage of the outstanding principal. Your total amount payable is simply principal plus total interest. For example, on a ₹10,00,000 loan at 8.5% for 10 years, you repay about ₹14,87,828 in total — ₹10,00,000 principal and ₹4,87,828 interest.
Tenure is the most powerful lever in a loan. A longer tenure spreads the principal over more months, which lowers each EMI and makes the loan feel more affordable — but it keeps the balance outstanding for longer, so you pay more total interest. A shorter tenure raises each EMI but clears the loan faster and saves a large amount of interest. Use the Loan Comparison section to see this trade-off side by side across up to three scenarios.
A prepayment is an extra lump sum paid toward the principal, over and above your regular EMI. Because interest is charged on the outstanding balance, reducing that balance with a prepayment immediately lowers the interest charged going forward. You can choose to keep the EMI the same and finish earlier (Mode A — saves the most interest), or keep the tenure the same and pay a lower EMI (Mode B — improves monthly cash flow). The Prepayment Calculator shows the months or EMI saved and the interest saved for both approaches.
The Loan Comparison section lets you enter up to three combinations of amount, rate and tenure. It highlights the scenario with the lowest EMI and the one with the lowest total interest, so you can weigh a comfortable monthly payment against the cheapest overall cost. Remember that the mathematically cheapest option is not automatically the best fit for your budget — a slightly higher EMI may be worth it if it saves years of interest.
The amortization schedule is a month-by-month table of every payment from the first to the last. Each row shows the opening balance, the EMI, how much of it is principal, how much is interest, and the closing balance after that payment. The final row is adjusted so the closing balance reaches exactly ₹0. The year-wise summary aggregates these into annual totals, making it easy to see how much principal and interest you pay each year.
This calculator provides estimates based on the inputs you enter. Actual lender calculations may differ because of processing fees, GST, late-payment charges, rounding, exact disbursement and payment dates, and lender-specific terms. Always refer to your loan agreement for the official repayment schedule.
