Loan Repayment Calculator
Enter your loan details to see the total you will repay and the balance remaining at the end of each year.
Results
Total payment
₹28,19,407
Principal + interest
- Monthly EMI
- ₹15,663.37
- Total interest
- ₹13,19,407
- Number of payments
- 180
Your monthly EMI is ₹15,663.37 for 180 payments, with ₹13,19,407 in total interest.
Principal vs interest
- Principal₹15,00,000 (53.2%)
- Total interest₹13,19,407 (46.8%)
Yearly payment schedule (15 rows)
| Period | Principal paid | Interest paid | Total paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹47,493 | ₹1,40,467 | ₹1,87,960 | ₹14,52,507 |
| Year 2 | ₹52,207 | ₹1,35,754 | ₹1,87,960 | ₹14,00,300 |
| Year 3 | ₹57,388 | ₹1,30,572 | ₹1,87,960 | ₹13,42,912 |
| Year 4 | ₹63,084 | ₹1,24,877 | ₹1,87,960 | ₹12,79,829 |
| Year 5 | ₹69,345 | ₹1,18,616 | ₹1,87,960 | ₹12,10,484 |
| Year 6 | ₹76,227 | ₹1,11,734 | ₹1,87,960 | ₹11,34,257 |
| Year 7 | ₹83,792 | ₹1,04,168 | ₹1,87,960 | ₹10,50,465 |
| Year 8 | ₹92,108 | ₹95,852 | ₹1,87,960 | ₹9,58,357 |
| Year 9 | ₹1,01,250 | ₹86,711 | ₹1,87,960 | ₹8,57,107 |
| Year 10 | ₹1,11,299 | ₹76,662 | ₹1,87,960 | ₹7,45,809 |
| Year 11 | ₹1,22,345 | ₹65,616 | ₹1,87,960 | ₹6,23,464 |
| Year 12 | ₹1,34,487 | ₹53,473 | ₹1,87,960 | ₹4,88,977 |
| Year 13 | ₹1,47,835 | ₹40,126 | ₹1,87,960 | ₹3,41,142 |
| Year 14 | ₹1,62,507 | ₹25,454 | ₹1,87,960 | ₹1,78,635 |
| Year 15 | ₹1,78,635 | ₹9,325 | ₹1,87,960 | ₹0 |
Show the calculation steps
- Monthly interest rate r = 9.5% ÷ 12 = 0.79167% (0.0079167 as a decimal).
- Number of monthly payments n = 15 years = 180 payments.
- (1 + r)^n = 4.1346, so EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1) = ₹15,663.37.
- Total payment = EMI × n = ₹15,663.37 × 180 = ₹28,19,407.
- Total interest = total payment − principal = ₹28,19,407 − ₹15,00,000 = ₹13,19,407.
- Lenders may round the EMI to the nearest whole currency unit, so your bank's figure can differ slightly.
Total repayment
Your total repayment is the EMI multiplied by the number of payments. It is always higher than the amount borrowed by exactly the interest you pay.
Reading the yearly schedule
The table shows, for each year, how much principal and interest you paid and the balance left. Use it to decide when a prepayment would help most: the earlier the prepayment, the more interest it saves.
Formula
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1)
Total payment = EMI × n
Total interest = Total payment − P
Where:
- P
- = Principal, the loan amount
- r
- = Monthly interest rate (annual rate ÷ 12 ÷ 100)
- n
- = Number of monthly payments
Example calculation
₹15,00,000 at 9.5% for 15 years
Inputs
- Loan Amount
- ₹15,00,000
- Interest Rate
- 9.5 %
- Loan Tenure
- 15 years
Result
- Monthly EMI
- ₹15,663.37
- Total interest
- ₹13,19,407
- Total payment
- ₹28,19,407
- Number of payments
- 180
Step-by-step
- Monthly interest rate r = 9.5% ÷ 12 = 0.79167% (0.0079167 as a decimal).
- Number of monthly payments n = 15 years = 180 payments.
- (1 + r)^n = 4.1346, so EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1) = ₹15,663.37.
- Total payment = EMI × n = ₹15,663.37 × 180 = ₹28,19,407.
- Total interest = total payment − principal = ₹28,19,407 − ₹15,00,000 = ₹13,19,407.
Important notes
- The last instalment can differ slightly from the regular EMI because of rounding.
Disclaimer: This calculator provides estimates for informational purposes and should not be considered financial advice. Actual figures from lenders, banks and investment products can differ because of fees, taxes, rounding rules and changing rates. Consult a qualified professional before making financial decisions.
Frequently asked questions
How much will I repay in total?
Total repayment = EMI × number of payments. It is shown as the total payment.
Can I see every month, not just every year?
Yes. The loan amortization calculator lists every monthly payment.
What happens to my repayments if the rate changes?
On a floating-rate loan the EMI or tenure adjusts. Re-run the calculator with the new rate and the balance outstanding.
Related calculators
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- Loan Amortization CalculatorGenerate a full month-by-month amortization schedule showing principal, interest and balance for any loan.
- Loan Tenure CalculatorFind how many months it takes to repay a loan when you pay a fixed EMI, and how much interest you will pay.
- Home Loan EMI CalculatorCalculate your home loan EMI, total interest and repayment over 5 to 30 years, with a yearly principal and interest schedule.
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