EMI Calculator
Enter your loan details and see EMI, interest and repayment mix update live with a visual pie chart.
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Repayment Mix – Principal vs Interest
Interest
This EMI is an approximate calculation for illustration only. Actual EMI and interest may vary as per lender terms, processing fees and repayment schedule.
About the MarkLapse EMI Calculator
The MarkLapse EMI Calculator is built for founders, professionals and individuals who want a quick, visual way to understand their loan EMI. Adjust the loan amount, interest rate and tenure and see live updates with a clear principal versus interest mix.
The calculator uses the standard reducing balance method followed by most Indian banks and NBFCs. It works for business loans, term loans, personal loans, vehicle loans and other fixed-rate EMIs, helping you plan monthly outflow before committing to a loan.
EMI Calculator – Frequently Asked Questions
How does this EMI calculator work?
The calculator uses your loan amount, interest rate and tenure to compute EMI using the standard reducing balance formula used by most lenders in India.
Do I need to click a button to calculate EMI?
No. As you type or move the sliders, the EMI and pie chart update automatically in real time.
What does the pie chart show?
The pie chart shows how much of your total repayment is principal and how much is interest, helping you understand the true cost of the loan.
Can I use months or years for tenure?
Yes. By default the tenure is treated in months. Use the “Tenure Type (Months / Years)” dropdown to switch to years if you prefer.
Is the EMI exact or approximate?
The EMI shown is an approximate estimate. Actual EMI may differ slightly based on lender fees, rounding and repayment schedule.