Loan EMI Table — Monthly Installment per Lakh at Every Common Rate
Enter an amount, the annual interest rate and a tenure in years and months, and the calculator returns the monthly installment, total interest and a year-by-year principal breakdown — with the monthly-rate toggle for bazaar quotes.
| 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 |
EMI per Rs 100,000 — reducing balance
Monthly installment for every Rs 100,000 borrowed, at annual reducing-balance rates from 15% to 30% and tenures of one to five years. Scale linearly: a Rs 500,000 loan at 21% over three years pays five times the 3,768 cell, so the EMI is Rs 18,838 and the total repaid over 36 months is 678,168 — of which 178,168 is interest.
| Tenure | 15% p.a. | 18% p.a. | 21% p.a. | 24% p.a. | 27% p.a. | 30% p.a. |
|---|---|---|---|---|---|---|
| 1 year | 9,026 | 9,168 | 9,311 | 9,456 | 9,602 | 9,749 |
| 2 years | 4,849 | 4,992 | 5,139 | 5,287 | 5,438 | 5,591 |
| 3 years | 3,467 | 3,615 | 3,768 | 3,923 | 4,083 | 4,245 |
| 4 years | 2,783 | 2,937 | 3,097 | 3,260 | 3,428 | 3,601 |
| 5 years | 2,379 | 2,539 | 2,705 | 2,877 | 3,054 | 3,235 |
Rounded to the nearest rupee. A lender’s own schedule can differ by a few rupees because of the day-count convention; the calculator’s year-by-year table shows exactly where your payment goes.
The formula behind the table
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the principal, r the monthly rate (annual ÷ 12) and n the number of months. At zero interest the formula collapses to P ÷ n. Every calculator that shows one EMI number is applying this; Nexby also prints the year-by-year split, because the first year of a loan is nearly all interest while the last is nearly all principal.
"3% per month" is not 36% a year
Instalment sellers in Pakistani bazaars quote a flat monthly rate — “3% mahana” — charged on the original principal for the whole term even as you pay it down. Compounded, 3% a month is 42.6% a year; charged flat on a declining balance, the effective rate lands far higher still. A reducing-balance loan at 24% can be cheaper than a flat 3% plan. Before signing anything quoted per month, ask one question: is this reducing balance or flat rate? If the seller cannot answer, treat the number as marketing, not maths.
Reading a bank schedule
- Processing fee: often 1–2% deducted upfront; a Rs 500,000 loan with a 2% fee hands you 490,000 while you pay EMI on 500,000 — factor it into the effective rate.
- Early settlement: on a reducing-balance loan, paying a lump sum cuts the interest for every remaining month, which is why settlement figures look surprisingly low in year three.
- Tenure in months: “4 years 6 months” is 54 months, not 48.5 — the calculator takes years and months separately so a half-year never gets lost in the count.
- Insurance riders: a monthly “file charges” or takaful line is not part of the EMI formula; subtract it before comparing rates between banks.
To see what the same discipline does when it works for you — monthly deposits growing at the same rates — the compound interest and SIP calculator runs the mirror image of this table.
- Enter the loan amount — The full principal before any processing fee is deducted.
- Pick the rate type — Annual for bank schedules, monthly for bazaar quotes that say “per month” — the two are not interchangeable.
- Set the tenure — Years plus extra months, so 4 years 6 months counts as 54 months exactly.
- Read the schedule — EMI at the top, then a year-by-year table splitting each payment into principal and interest.
- Accepts monthly as well as annual rates, which is how Pakistani instalment plans are actually quoted.
- Tenure in years and months separately — no silent rounding of a half-year.
- Year-by-year table shows when the balance finally tips from interest-heavy to principal-heavy.
- Everything runs on the page; your loan figure never reaches a server.
Loan EMI Table in PKR — questions
What is the EMI for 1 lakh in Pakistan?
For every Rs 100,000 on a reducing-balance loan: about Rs 9,026–9,749 a month over one year across 15–30% rates, and Rs 2,379–3,235 a month over five years. The full table is on this page.
What is the EMI for Rs 500,000 at 21% for 3 years?
Rs 18,838 a month (five times the 3-year, 21% cell of 3,768 per lakh). Over 36 months that is 678,168 repaid, of which 178,168 is interest.
Is 3% per month the same as 36% per year?
No. Compounded monthly, 3% is 42.6% a year. Charged as a flat rate on the original principal while the balance shrinks, the effective cost is higher still — always ask for the reducing-balance equivalent before comparing.
What is the difference between flat rate and reducing balance?
Flat rate charges interest on the original principal for the whole term; reducing balance charges it only on what is still owed. A reducing-balance loan at a higher quoted percentage can cost less than a flat-rate loan at a lower one.
Why does my bank schedule show more interest in the first year?
Because interest each month is rate × remaining balance. Early on the balance is large, so most of the EMI is interest; as the balance falls, more of each payment goes to principal. The year-by-year table shows the crossover.
Does the EMI include the processing fee?
No — a processing or file fee is charged upfront and is not part of the EMI formula. A 2% fee on 500,000 means you receive 490,000 but pay EMI on 500,000, which raises the real cost beyond the quoted rate.