Loan

Balloon / residual EMI calculator

A balloon loan lowers monthly EMI by leaving a lump sum due at the end. Check you can pay or refinance that last amount.

Next: Car EMI · Prepayment

Loan with a last balloon

Loan amount (₹) Interest rate (% p.a.) Tenure (years) Balloon / residual at the end (%)

Monthly EMI is lower because part of the loan is not fully repaid until the last instalment. You must have a plan for that balloon: pay cash, refinance, or sell/exchange the car.