A reducing-balance calculator that shows the complete amortisation schedule — the same view your Key Fact Statement is built from. Nothing is hidden until after you apply.
Set the amount, tenure, rate and processing fee. The EMI, the cost split and the schedule all rebuild as you type.
Calculation is illustrative. Values are treated as fixed for the whole tenure, whereas a real loan may carry a floating rate or a rate reset. Actual figures are set by the lending partner.
| Month | Opening balance | Principal | Interest | Closing balance |
|---|
Instalment computed on a reducing-balance basis: EMI = P × r × (1+r)n ÷ ((1+r)n − 1), where r is the monthly rate and n the number of instalments. Amounts are rounded to the nearest rupee. You receive ₹0 after the processing fee and GST are deducted at disbursal.
Four things worth checking before you accept any offer — ours or anyone else's.
₹5,00,000 over 36 months at 1.25% per month on a reducing balance, with a 2% processing fee — the same figures the calculator above produces.
| Month | Opening balance | Principal | Interest | Instalment | Closing balance |
|---|---|---|---|---|---|
| 01 | ₹5,00,000 | ₹11,083 | ₹6,250 | ₹17,333 | ₹4,88,917 |
| 02 | ₹4,88,917 | ₹11,221 | ₹6,111 | ₹17,333 | ₹4,77,696 |
| 03 | ₹4,77,696 | ₹11,361 | ₹5,971 | ₹17,333 | ₹4,66,335 |
| — | … | … | … | … | … |
| 36 | ₹17,119 | ₹17,119 | ₹214 | ₹17,333 | ₹0 |
Money you actually receive. Processing fee ₹10,000 plus GST ₹1,800 = ₹11,800 deducted at disbursal, so ₹4,88,200 is credited to your account against an EMI computed on ₹5,00,000.
A calculator is only useful if you know its limits. These four are the ones that most often change the real number.
A rate reset changes every subsequent instalment and the total interest. The calculator holds the rate flat.
Late payment or a bounced mandate attracts charges that are not part of a scheduled instalment.
Closing early reduces future interest, but the foreclosure terms in your agreement decide whether a charge applies.
Every indicative figure here is replaced by the sanctioned terms in your Key Fact Statement, which prevails.
Want the full charge list instead of a summary? See all rates and charges.
If the schedule looks right, leave your number and our team will get back with a personalised offer. If it does not, close the tab — costing you nothing is rather the point.
No credit enquiry is created by submitting this form.
