EMI calculator
Work out the monthly instalment, the full repayment schedule, and what a flat rate really costs.
See the instalment, the schedule and the true cost — including what a flat rate actually works out to.
Free · no sign-up · nothing you type leaves your browser
Monthly instalment
₹23,537
× 24 months
Total interest
₹64,881
13.0% of the amount borrowed
Total repayment
₹5,64,881
Still owed after 12 of 24
₹2,64,904
53% of the loan still outstanding at the halfway point
Annual percentage rate
12.00%
Before any fee. Add processing charges in the APR calculator.
Repayment schedule
The last instalment carries the rounding, so the principal columns add up to ₹5,00,000 exactly and the balance closes at zero — not near it.
| # | Instalment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹23,537 | ₹18,537 | ₹5,000 | ₹4,81,463 |
| 2 | ₹23,537 | ₹18,722 | ₹4,815 | ₹4,62,741 |
| 3 | ₹23,537 | ₹18,910 | ₹4,627 | ₹4,43,831 |
| 4 | ₹23,537 | ₹19,099 | ₹4,438 | ₹4,24,732 |
| 5 | ₹23,537 | ₹19,290 | ₹4,247 | ₹4,05,443 |
| 6 | ₹23,537 | ₹19,483 | ₹4,054 | ₹3,85,960 |
Where these numbers come from
This runs the same arithmetic as the Lenviq platform, and it is held to it: the platform emits a table of worked cases from its own code, and a test here fails the build if this page reproduces any of them differently.
It is a guide, not advice. Your own board-approved policy, your scheme terms and your auditor decide what applies to a particular account.
Other tools
- Provisioning calculatorWork out the provision on a loan once it is classified — standard, sub-standard, doubtful or loss.
- Prepayment charge checkerCheck whether a pre-payment or foreclosure charge may be levied on a particular loan.
- Penal charge calculatorWork out the penal charge on an overdue amount, and check it against the 2024 rules.
- Key Facts Statement checklistCheck a Key Facts Statement against everything the prescribed format requires.
- NBFC layer finderWork out which layer of the scale-based framework your NBFC is in, and what that changes.
- NBFC returns calendarFind out which supervisory returns your NBFC has to file, and when each one is due.
- APR calculatorWork out the annual percentage rate a loan's Key Facts Statement has to disclose.
- NPA & SMA date calculatorFind the exact dates a missed instalment turns an account SMA-1, SMA-2 and non-performing.
- Gold loan LTV calculatorValue a packet of ornaments across purities and see how much can be advanced against it.
From the people who wrote this
Run your lending on Lenviq
A calculator settles one account. The reason lenders move to Lenviq is the other direction — the same rules applied to every account on the book without anyone opening a spreadsheet.
Lenviq is loan origination, servicing and accounting for NBFCs, built by FastLegal Technologies.