Loan Outstanding Calculator
Calculate your remaining loan balance after making a number of EMI payments. Estimate outstanding principal, principal repaid, interest paid, EMI, and remaining loan tenure.
Calculations run in your browser. No loan information is uploaded or stored by this calculator.
Outstanding Loan Balance
₹17,74,140.98
After 60 of 240 EMIs
- Principal repaid
- Outstanding principal
- Interest paid (extra)
- Original EMI
- ₹17,994.52
- Principal Repaid
- ₹2,25,859.02
- Outstanding Principal
- ₹17,74,140.98
- Interest Paid
- ₹8,53,812.13
- Remaining Tenure
- 15 years
- Remaining EMIs
- 180
- Total Interest Remaining
- ₹14,64,872.46
- Total Interest Over Original Loan
- ₹23,18,684.59
Payment history
What is an outstanding loan balance?
The outstanding balance is the part of the borrowed principal you have not yet repaid. It is the amount a lender uses to work out next month's interest and, usually, the amount you would need to close the loan today (before any foreclosure charges).
How is outstanding principal calculated?
With monthly rate r (annual rate ÷ 12 ÷ 100), original tenure n months and k EMIs paid, the EMI is P × r × (1+r)^n ÷ ((1+r)^n − 1). The balance after k EMIs is P × (1+r)^k − EMI × ((1+r)^k − 1) ÷ r. At 0% interest the EMI is P ÷ n and the balance is simply P − EMI × k. To see how the EMI itself changes with rate and tenure, try the EMI Calculator.
EMI paid vs principal repaid
Every EMI contains interest for the month plus some principal. Total EMIs paid is everything you have handed over; principal repaid is only the portion that reduced your debt. The difference is the interest you have paid so far.
Why the balance stays high in the early years
Interest is charged on the outstanding balance. When the balance is large, interest takes most of the EMI. On a 20-year loan at 9%, roughly three-quarters of each early EMI is interest, so the balance falls slowly at first and faster towards the end.
How prepayments reduce outstanding principal
A part-prepayment is applied straight to principal, so it lowers the balance on which all future interest is calculated. Prepaying early in the tenure saves the most interest. Check your lender's prepayment terms; floating-rate home loans for individuals generally have no prepayment penalty in India.
Worked example
Loan of ₹20,00,000 at 9% for 20 years (240 EMIs), with 60 EMIs paid:
- EMI: ₹17,994.52
- Total paid so far: 60 × ₹17,994.52 ≈ ₹10,79,671
- Outstanding principal: ≈ ₹17,74,140.98
- Principal repaid: ≈ ₹2,25,859.02
- Interest paid so far: ≈ ₹8,53,812.13
- Remaining: 180 EMIs (15 years), with ≈ ₹14,64,872 interest still to come
After five years, only about 11% of the principal has been repaid. Figures are illustrative; your lender's statement may differ slightly due to rounding or rate changes.