Loan Calculator
Calculate EMI for any amortized, deferred or bond-style loan.
Last updated: August 2026
Fixed monthly payment covering principal + interest; the loan is fully repaid by maturity.
Bank starting rates as of August 2026. Actual rates depend on credit score and product. This is an estimate — confirm the actual rate with your bank before applying.
Monthly payment
₹10,623.52
Total payment
₹6,37,411.34
Over 60 months
Total interest
₹1,37,411.34
Payoff note
Fully amortized
How it works
Amortized: EMI formula. Interest-only: monthly = P × r, principal at maturity. Deferred: lump sum = P × (1+r)ⁿ.
Example: ₹5,00,000 at 10% for 5 years → ₹10,624/month (standard).
Frequently Asked Questions
What is the difference between amortized and interest-only loans?
An amortized loan is repaid through fixed EMIs covering principal and interest, so it ends at maturity. An interest-only loan requires interest payments each month, with the full principal due as a single payment at the end.
What is a deferred payment loan?
A deferred (bullet) loan has no monthly payments. Interest compounds on the principal, and the whole amount — principal plus accumulated interest — is repaid as one lump sum at maturity.
How do I calculate EMI on a personal loan?
Enter the loan amount, rate and tenure with 'Standard (EMI)' selected. The calculator shows the monthly EMI, total payment and total interest.
Why does total interest vary by loan type?
Because of when principal is repaid. Amortized loans reduce the balance every month, so interest accrues on a shrinking amount. Deferred loans keep the full principal outstanding, so interest compounds on the whole amount.
Are these rates current?
The preset buttons show Indian bank starting rates as of August 2026. Actual rates depend on your credit score, loan amount, tenure and lender — always confirm the final rate with the bank.