EMI and schedule
Monthly EMI₹8,979
- Principal
- ₹1,00,000
- Total interest
- ₹7,744
- Total payable
- ₹1,07,744
Month-by-month schedule
| Month | EMI | Principal | Interest | Balance |
|---|
Calculators for selling on EMI.
Work out an EMI and its schedule, the real rate behind a flat rate, what a customer can afford, what chasing late payments costs you, and GST. Everything is calculated in your browser — nothing is sent anywhere.
Flat vs reducing rate
A flat rate charges interest on the full amount for the whole term, even as the customer pays it back. This shows the reducing (real) rate that gives the same EMI.
Real (reducing) rate21.5%
- EMI at the flat rate
- ₹4,667
- Total interest
- ₹6,000
What can a customer afford?
Start from what your customer can pay each month and see the highest product price that fits.
Highest product price₹38,070
- Amount on EMI
- ₹33,070
- Customer pays in total
- ₹41,000
Cost of chasing payments
How much time your team spends reminding customers today. Only your own numbers are used.
Time spent on follow-ups every month50 hours
- Late EMIs a month
- 100
- Staff cost a month
- ₹10,000
- Staff cost a year
- ₹1,20,000
With a mandate, each EMI is debited on its due date without a call.
GST
Total with GST₹11,800.00
- Amount before GST
- ₹10,000.00
- GST
- ₹1,800.00
- CGST + SGST (same state)
- ₹900.00 + ₹900.00
Collect these EMIs automatically
Your customer approves a mandate once and every instalment is debited on its date.