Loan Payment Calculator
Calculate EMI for any loan — personal, home, or vehicle.
₹
%
Personal loan rates: 10–24% p.a.
months
Monthly EMI
₹16,607
Principal
₹5,00,000
Total Interest
₹97,858
Total Payable
₹5,97,858
About Loan Payments
What this calculator does
This calculator finds the monthly payment for any loan given the principal, interest rate, and tenure. It uses the standard EMI formula based on reducing balance — the same method all Indian banks are required to use by RBI.
Common loan types & rates
Home loan: 8.5–9.5% p.a.
Car loan: 8.5–12%
Personal loan: 10.5–24%
Education loan: 8–12% (subsidised for SC/ST/OBC)
Gold loan: 7–18% depending on LTV
Prepayment and foreclosure
RBI mandates no prepayment penalty on floating rate retail loans
Fixed rate loans may have 2–3% foreclosure charge
Even one extra EMI per year significantly reduces tenure
Always check if your bank uses monthly or daily reducing balance
🔒 All calculations happen in your browser — no data is sent to any server. Results are for informational purposes only.