Estimate your monthly loan instalment, total interest and overall repayment before you make a borrowing decision. Adjust the amount, interest rate and tenure to explore different possibilities.
Calculate Your EMIChoose a loan category and adjust the values. The estimate updates instantly as you make changes.
This is an illustrative estimate using a standard monthly reducing-balance calculation. Actual EMI may vary with lender terms, rate type, disbursement schedule, fees, insurance, taxes and other applicable charges.
An EMI (Equated Monthly Instalment) calculator is a financial planning tool that estimates the fixed monthly payment required to repay a loan over a selected period. It uses three key inputs: the principal amount, annual interest rate and repayment tenure.
The estimate helps you understand the possible monthly commitment and compare different loan amounts or repayment periods before applying.
Use the calculator above to explore repayment estimates for common borrowing needs.
Estimate monthly payments for a home purchase, construction or eligible home-related borrowing.
Plan repayments for eligible personal needs while reviewing the overall cost of borrowing.
Explore an estimated instalment for business expansion, working capital or other business requirements.
Understand a possible repayment amount for eligible education expenses. Moratorium terms can change the actual schedule.
Estimate instalments for financing a new or used vehicle, based on your selected loan assumptions.
Model a possible repayment amount for a secured loan against eligible property, subject to lender assessment.
Your monthly instalment is primarily influenced by the amount borrowed, the interest rate and the repayment period.
Discuss your borrowing requirement and explore suitable loan options with guidance from Baljeet.
For a standard fixed-rate loan with monthly instalments and a reducing-balance method, the EMI is calculated using the principal, monthly interest rate and total number of instalments.
If the interest rate is zero, the instalment is simply the principal divided by the number of months. Actual lender calculations may differ where rates reset, repayments are irregular or disbursement happens in stages.
Follow these simple steps to explore a repayment estimate.
Choose the loan category closest to your borrowing requirement.
Set the principal amount you may need to borrow.
Enter an indicative annual interest rate and repayment period.
Check estimated EMI, total interest and total repayment.
A comfortable EMI is important, but it is only one part of the borrowing decision. Review the full loan terms before proceeding.
Answers to common questions about loan instalments and repayment estimates.
EMI stands for Equated Monthly Instalment. It is the periodic payment made by a borrower towards repayment of a loan, generally comprising principal and interest.
No. It is an estimate based on the values entered and a standard monthly reducing-balance calculation. The lender's final repayment schedule may vary based on the sanctioned terms, rate changes, fees, insurance and disbursement pattern.
Generally, yes. A longer tenure spreads repayment over more months and can reduce the monthly instalment, but it may increase the total interest paid over the life of the loan.
Generally, yes. If the loan amount and tenure remain the same, a higher interest rate usually increases the monthly EMI and total interest payable.
Under the reducing-balance method, interest for each period is calculated on the outstanding principal. As principal is repaid, the outstanding balance falls and the interest component generally reduces over time.
Yes. You can use it to estimate repayments for home, personal, business, education and car loans, as well as other loans by entering the relevant principal, rate and tenure assumptions.
No. The calculator estimates principal and interest repayment only. Processing fees, insurance premiums, taxes and other charges are not included unless separately built into the loan amount or lender schedule.
For some loans disbursed in stages, a lender may charge interest on the amount disbursed before regular EMI repayment begins. This is often called pre-EMI interest. Check the specific loan agreement for how it applies.
No. Loan approval, eligible amount, interest rate and final terms are decided by the lender after its assessment. Global Financial Mall can help you understand the process and discuss your requirements, but cannot guarantee approval or a specific offer.
Connect with Baljeet at Global Financial Mall to discuss your requirement, understand the next steps and explore available options.