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Loan EMI

EMI on a Rs 100,000 loan

Monthly installments and total interest for a Rs 100,000 loan at different rates and terms.

Rs 100,000 loan at a glance

EMI at 15%, 36 monthsRs 3,467
Total interestRs 24,795
Total repaidRs 124,795
First month interestRs 1,250

The cheapest installment in the tables below is Rs 2,125 a month (10% over 60 months) and the highest is Rs 9,456 (24% over 12 months), a spread of Rs 7,331 on the same Rs 100,000 loan.

Monthly installment by rate and term

Monthly installment on Rs 100,000, reducing-balance method:

Yearly rate12 months24 months36 months48 months60 months
10%Rs 8,792Rs 4,614Rs 3,227Rs 2,536Rs 2,125
12%Rs 8,885Rs 4,707Rs 3,321Rs 2,633Rs 2,224
14%Rs 8,979Rs 4,801Rs 3,418Rs 2,733Rs 2,327
16%Rs 9,073Rs 4,896Rs 3,516Rs 2,834Rs 2,432
18%Rs 9,168Rs 4,992Rs 3,615Rs 2,937Rs 2,539
20%Rs 9,263Rs 5,090Rs 3,716Rs 3,043Rs 2,649
22%Rs 9,359Rs 5,188Rs 3,819Rs 3,151Rs 2,762
24%Rs 9,456Rs 5,287Rs 3,923Rs 3,260Rs 2,877

Total interest by rate and term

Total interest paid over the whole loan:

Yearly rate12 months24 months36 months48 months60 months
10%Rs 5,499Rs 10,748Rs 16,162Rs 21,740Rs 27,482
12%Rs 6,619Rs 12,976Rs 19,572Rs 26,402Rs 33,467
14%Rs 7,745Rs 15,231Rs 23,039Rs 31,167Rs 39,610
16%Rs 8,877Rs 17,511Rs 26,565Rs 36,033Rs 45,908
18%Rs 10,016Rs 19,818Rs 30,149Rs 41,000Rs 52,361
20%Rs 11,161Rs 22,150Rs 33,789Rs 46,066Rs 58,963
22%Rs 12,313Rs 24,508Rs 37,486Rs 51,229Rs 65,713
24%Rs 13,472Rs 26,891Rs 41,238Rs 56,489Rs 72,608

Flat rate versus reducing balance, and balance over time

At 15% over 36 months a reducing-balance loan costs Rs 3,467 a month. A lender quoting a flat 15% would charge Rs 4,028 a month for the same loan, which is Rs 561 more each month, so always ask which method a quote uses.

Point in the loanBalance still owedInterest paid so far
After 12 monthsRs 71,495Rs 13,093
After 24 monthsRs 38,407Rs 21,604
After 36 monthsRs 0Rs 24,795

Worked through for this loan: P = 100,000, r = 15% / 12 = 0.0125, n = 36, so EMI = 100,000 × 0.0125 × 1.012536 / (1.012536 − 1) = Rs 3,467. Your lender’s schedule may differ slightly, and fees and insurance are extra.

Related and frequently asked questions

Try your own rate in the Loan EMI Calculator. Related: the EMI formula and Excel PMT and flat rate vs reducing balance. Other amounts: loan EMI by amount.

What is the monthly installment on a Rs 100,000 loan?

At 15% a year over 36 months the installment on Rs 100,000 is about Rs 3,467 a month (reducing balance). The table shows other rates and terms.

How much interest will I pay on Rs 100,000 over 3 years at 15%?

About Rs 24,795 in total interest on a reducing-balance loan, or Rs 45,000 if the lender charges a flat 15% rate.

Does a longer term lower the cost?

A longer term lowers the monthly installment but raises the total interest. On Rs 100,000 at 15%, 60 months costs Rs 42,740 in interest against Rs 24,795 over 36 months.