EMI calculator for a reducing-balance loan.
Set the loan amount, the interest rate and the tenure to see your monthly instalment and what the loan costs in total interest over its life.
Monthly EMI
₹30,596
Total interest
₹38.43 L
Total payable
₹73.43 L
A loan against your folios is often cheaper than redeeming them. Ask your advisor before you sell.
Ask about a loan against foliosHow the EMI is calculated
On a reducing-balance loan the instalment is fixed but its split is not: early instalments are mostly interest, later ones mostly principal. For a principal P, a monthly rate r and N months, the instalment is P × r × (1 + r)N ÷ ((1 + r)N − 1).
Stretching the tenure lowers the instalment and raises the total interest, often by more than people expect. Compare the total payable figure, not just the monthly one.