Loan EMI Calculator for Madhya Pradesh UGC Teachers
The EMI depends on the loan amount, interest rate and tenure.
How it works
You enter: Loan amount, Interest, Tenure. The result updates as you type.
Using this calculator
When it helps
- Before taking a home, vehicle or personal loan, to estimate the monthly instalment.
- When comparing two banks' interest rates or loan periods.
- When deciding how much of your salary can comfortably go to an instalment.
Keep ready
- The loan amount.
- The bank's annual interest rate.
- The number of instalments, in months.
Keep in mind
- Processing fees and insurance premiums are not included.
- On a floating-rate loan, the instalment or the period changes when the rate changes.
- Government advances charge interest differently; use their own calculators.
What applies to Madhya Pradesh UGC teachers: verified rules
Covers: Faculty, Librarians and Sports Officers of Madhya Pradesh Government colleges. Basis: UGC Academic Levels 10–14 adopted for Madhya Pradesh Government colleges by the Higher Education Department order No. F-1-11/2018/38-1 of 18.01.2019 (from 01.01.2016); increments on 1 January or 1 July; DA and HRA as for State Government employees
- ✅ Dearness Allowance (DA) — 58% from 01.07.2025
Order: MP Finance order No. F 4-1/2026/Niyam/Char dated 02.04.2026 (55% → 58% from 01.07.2025), applied to UGC-scale teachers by MP Higher Education Department order No. F-1-11/2018/38-1 dated 18.01.2019, para 8.4 (all allowances as for State Government employees) · Checked on: 01.11.2026 - ✅ Academic pay matrix, Levels 10–14
Order: MP Higher Education Department order No. F-1-11/2018/38-1 dated 18.01.2019, para 1.1 and Annexure-1 (Academic Levels 10–14 for Government colleges; Level 15 only for universities) · Checked on: 01.11.2026 - ✅ Annual increment 3% — 1 January or 1 July
Order: MP Higher Education Department order No. F-1-11/2018/38-1 dated 18.01.2019, para 5 (3%; 1 January or 1 July) · Checked on: 01.11.2026 - ✅ House Rent Allowance — 10% / 7% / 5%
Order: MP Finance circular No. F 4-1/2025/Niyam/Char dated 03.04.2025, paras 1–2 and 5 (10% / 7% / 5% of basic pay by town population; para 2 includes UGC/AICTE scales) · Checked on: 01.11.2026 - ✅ Pay fixation on promotion — one notional increment, then the same or next higher cell
Order: MP Higher Education Department order No. F-1-11/2018/38-1 dated 18.01.2019, para 6.2 (one notional increment, then the same or next higher cell) · Checked on: 01.11.2026 - ✅ Fitment factor on 01.01.2016
Order: MP Higher Education Department order No. F-1-11/2018/38-1 dated 18.01.2019, para 4.1 (basic pay of 01.01.2016 × 2.57, then the same or next higher cell) · Checked on: 01.11.2026 - ✅ Special allowance — Principal PG ₹3,000, UG ₹2,000
Order: MP Higher Education Department order No. F-1-11/2018/38-1 dated 18.01.2019, para 1.1 items 6–7 (Principal UG and PG colleges at Academic Level 14, special allowance ₹2,000 / ₹3,000 a month) · Checked on: 01.11.2026 - ✅ CAS promotion — years of service at each stage
Order: MP Higher Education Department order No. F-1-11/2018/38-1 dated 18.01.2019, para 6.1 (CAS under the UGC Regulations 2018, paras 6.0–6.4) · Checked on: 01.11.2026
These rules were checked against the official order; the full list, orders and links are under "Rules & sources".
Frequently asked questions
How is a loan EMI calculated?EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan, r the monthly interest rate and n the number of months.
Are these figures official?They follow the orders listed under Rules & sources on this page. Values marked ⚠️ are not yet confirmed from an official order. For a final figure, rely on your finance office and the order itself.