EMI Calculator for Loans in PKR
Work out the monthly instalment on a PKR loan, credit-card instalment plan or personal finance arrangement, then see the total interest, the year-by-year split between principal and interest, and how much of every payment is actually going to the bank rather than to your balance.
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| 1 | Rs 220,435 | Rs 96,792 | Rs 279,565 |
| 2 | Rs 279,565 | Rs 37,662 | Rs 0 |
- Enter the amount — What you are borrowing, in rupees. Quick chips cover 1, 3, 5 and 10 lakh.
- Enter the rate and say which basis — Switch between per-year and per-month. Instalment schemes at shops usually quote a monthly percentage; bank loans quote annual.
- Set the tenure — Years plus extra months, and the tool shows how many instalments that becomes.
- Read the full cost — Monthly EMI, total interest, total paid back, the cost multiple and a year-by-year table you can download as CSV.
- Correct reducing-balance formula, not the flat-rate approximation that makes instalment plans look cheap.
- Amortisation table shows interest front-loading — the reason early payoff saves so much.
- Handles a 0% rate plan without dividing by zero, and CSV export for sharing with a banker or spouse.
- No sign-up and no data collection; the maths is plain arithmetic running in your browser.
EMI / Loan Calculator — questions
What is the EMI formula?
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the amount borrowed, r is the monthly interest rate as a decimal and n is the number of months. This calculator uses exactly that, with the rate converted from your annual or monthly input.
Is a 3% monthly instalment plan cheap?
Usually not. 3% per month compounds to roughly 36–42% a year in real cost, and the tool will show the interest figure next to the principal so the comparison is obvious. A lower advertised monthly rate with a longer tenure can still cost more in total.
Flat rate versus reducing balance — what changes?
A flat rate charges interest on the original amount for the whole term, so the effective cost is nearly double what the advertised percentage suggests. Reducing balance charges interest on what you still owe, which is the standard used by banks and by this calculator.
Why is my first payment almost all interest?
Interest is charged on the outstanding balance, and that balance is highest in month one. Early instalments therefore pay down very little principal — the first-year row in the table makes this visible, and it is why prepaying early is far more valuable than prepaying near the end.
Does this include bank fees and tax?
No. Processing fees, withholding tax and insurance are added by the bank outside the EMI maths. Add those fixed amounts to the total payment figure before comparing two offers.
Can I use it for other currencies?
Yes — the labels show PKR but nothing here is rupee-specific. Enter dollars, riyals or dirhams and the arithmetic is identical.