Work out the monthly instalment and total interest on a restructured loan or a revised repayment plan.
Use this calculator to test a restructuring or revised repayment plan. This is when the lender converts overdue dues into a new schedule, usually with a longer tenure and a lower EMI. Enter the dues to be repaid under the plan, the interest rate the lender quotes, the number of years and any one-time charges.
Formula: the standard reducing-balance EMI, EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the amount, r the monthly rate (annual rate ÷ 12 ÷ 100) and n the number of months. Total paid = EMI × n + one-time charges.
Worked example (illustrative): ₹2,50,000 restructured at 14% a year over 3 years gives an EMI of about ₹8,544. Over 36 months you pay about ₹3,07,599, of which ₹57,599 is interest. With ₹2,000 of charges the total is about ₹3,09,599.
Compare this with a settlement: in the settlement calculator, the same dues settled at a 35% waiver would cost ₹1,62,500. That is cheaper in cash, but the record shows "settled" instead of "closed". The restructuring vs settlement guide explains the trade-off.
Limits: the lender's actual plan may include a moratorium, step-up EMIs or capitalised interest, which this simple calculator does not model. Ask for the plan's repayment schedule in writing.
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