EMI Calculator | Approval Dekho

Loan Details

Enter values manually or use the sliders. Interest rate is annual (p.a.).

Loan Amount (₹) — ₹1,00,000 to ₹10,00,00,000

₹1,00,000 ₹30,00,000 ₹10,00,00,000

Interest Rate (ROI) % p.a. — up to 35%

0% 13.50% 35%

Tenure Unit

Tenure (Months) — up to 360

6 36 360

EMI Start Date

Schedule View

Disclaimer: Results are indicative and based on a standard amortization model. Actual EMI/schedule may vary due to lender rounding, fees, taxes, and repayment date rules.

Summary

EMI, total interest and total repayment amount are shown below along with the repayment schedule.

Monthly EMI ₹0.00

Total Interest ₹0.00

Total Repayment ₹0.00

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Repayment Schedule —

Due Date	EMI	Principal	Interest	Outstanding

For assistance, please contact: 9355779995

EMI Explained (In Simple Terms)

EMI (Equated Monthly Instalment) is the fixed amount you pay every month to repay a loan. Each EMI includes two parts: interest (the borrowing cost) and principal (the loan amount you actually repay). In the early months, the interest portion is usually higher; over time, the principal portion increases.

How This EMI Calculator Works

This calculator uses your loan amount, annual interest rate (ROI), and tenure to estimate monthly EMI and generate a repayment schedule. The schedule shows month-wise breakup of principal and interest along with the outstanding balance after each instalment.

Loan Amount: The total amount you plan to borrow.
ROI (p.a.): Annual interest rate offered by the lender.
Tenure: Choose months or years (up to 30 years / 360 months).
EMI Start Date: Used to create the due dates in your schedule.

Prepayment and Its Effect

If you pay an extra amount towards principal (part-payment), the outstanding principal reduces faster. Since interest is calculated on the outstanding principal, timely prepayments can reduce the total interest outgo. Lender terms may include prepayment charges, so please check the applicable conditions.

What Affects Your EMI?

Interest Rate (ROI): Lower rate generally reduces EMI and total interest.
Loan Amount: Higher amount increases EMI and overall repayment.
Tenure: Longer tenure reduces EMI but increases total interest paid.
Rate Type: Floating rate loans may see changes in EMI/tenure over time.
Rounding Rules: Banks may apply rounding and billing-cycle conventions.

FAQs

Is this calculator useful for personal, home, and car loans?

Yes. The EMI formula remains the same. Differences usually come from lender charges, rate type, and repayment rules.

Will my bank EMI exactly match this estimate?

This is a close estimate. Actual EMI may vary slightly due to rounding, fee components, and lender conventions.

Can EMI change during the tenure?

In floating-rate loans, rate changes may affect EMI or tenure depending on the lender’s adjustment policy.

Disclaimer & Trademark Notice

The results shown on this page are estimates for informational purposes only and do not constitute a loan offer, sanction, or guarantee. Actual EMI, repayment schedule, and total payable amount may vary based on lender policy, verification, rounding rules, fees, taxes, insurance, and repayment date conventions.

Approval Dekho is a brand/trademark name. Any third-party product names, trademarks, logos or brand references (if displayed) belong to their respective owners and are used only for identification and informational purposes. Such use does not imply any partnership, sponsorship, or endorsement.

EMI Calculator & Repayment Schedule