Loan Balance Calculator
Check your outstanding loan balance after any number of EMIs. See principal paid, interest paid and remaining tenure.
At any point during your loan tenure, you may need to know your exact outstanding principal — for prepayment planning, refinancing, insurance coverage, or financial planning. The outstanding balance is not simply the original loan minus EMIs paid, because each EMI contains both principal and interest, and early in the tenure the proportion going to interest is very high. This calculator uses the precise amortisation formula to show your outstanding balance after any number of EMIs paid.
📋 How to Use This Calculator
Enter the original loan amount, annual interest rate, total tenure in years, and the number of EMIs you have already paid. The calculator instantly shows your outstanding principal balance (the precise amount needed to close the loan today), the principal you have repaid so far, the interest you have paid so far, the remaining tenure, and the remaining total interest you will pay if you continue as scheduled. This is useful before any prepayment or refinancing decision.
💡 Key Facts & Information
The outstanding balance formula: Balance = P × [(1+r)^n − (1+r)^p] / [(1+r)^n − 1], where P is original principal, r is monthly rate, n is total months, p is months paid. In the early years of a loan, the outstanding balance reduces slowly because most of the EMI goes to interest. For a 20-year home loan at 9%, after 5 years (25% of tenure), you have paid off only about 10% of the principal. After 10 years (50% of tenure), about 25% of principal is paid off. This is why early prepayments save disproportionately more interest.