Mahajani Byaj Calculator

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Loan Amount

₹

₹500₹1,00,00,000

Interest Rate

% per month

0.25% per month10% per month

Duration (Months)

1120

Byaj Payable Each Month

₹1,500

Total Byaj Over Term

₹36,000

Principal Due at End

₹1,00,000

Total Outgo₹1,36,000

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Principal

Byaj

Total₹1,36,00026% returns

Month-by-month byaj schedule

Month	Byaj This Month	Total Byaj So Far	Total Due (with principal)
1	₹1,500	₹1,500	₹1,01,500
2	₹1,500	₹3,000	₹1,03,000
3	₹1,500	₹4,500	₹1,04,500
4	₹1,500	₹6,000	₹1,06,000
5	₹1,500	₹7,500	₹1,07,500
6	₹1,500	₹9,000	₹1,09,000
7	₹1,500	₹10,500	₹1,10,500
8	₹1,500	₹12,000	₹1,12,000
9	₹1,500	₹13,500	₹1,13,500
10	₹1,500	₹15,000	₹1,15,000
11	₹1,500	₹16,500	₹1,16,500
12	₹1,500	₹18,000	₹1,18,000

Interest-only (mahajani): the borrower pays byaj monthly and returns the full principal in the final month.

What is Mahajani Byaj Calculator?

Mahajani byaj is the traditional interest-only lending arrangement used by mahajans, sahukars and private financiers: the borrower pays byaj every month and returns the whole principal at the end, in one payment. Nothing is repaid against the principal along the way, so the monthly outgo stays flat for the entire term and the closing payment is the full original amount. It is also called sahukari byaj, and in VyajPay it maps exactly to the Interest-Only loan type.

How to use VyajPay's Mahajani Byaj Calculator?

Enter the principal, the monthly rate you agreed, and the number of months. The calculator shows the byaj payable each month, what that adds up to across the term, and the total outgo including the principal returned at the end. Compare that total against a flat-rate or reducing-balance EMI for the same money — over a long tenure, interest-only usually costs the most, because the principal never shrinks.

Adjust the sliders or type values to match your scenario.

Watch the donut chart update live — blue arc = your returns.

Read the result summary below the inputs for the final numbers.

Why use VyajPay's Mahajani Byaj Calculator?

Models the lending style most private financiers in India actually use

Shows the total cost of carrying a loan where the principal is never reduced

Lets a borrower check the monthly byaj they have been quoted before agreeing

Mirrors VyajPay’s Interest-Only loan type, so the app tracks it the same way

Frequently Asked Questions

An interest-only loan. The borrower pays interest every month and returns the entire principal in a single payment at the end of the term. The principal never reduces during the loan, so the monthly interest never changes.

An EMI repays interest and a slice of principal every month, so the outstanding balance falls and each later instalment carries less interest. In mahajani lending only the interest is paid, so the balance stays at the full amount until the final settlement.

For the same rate and tenure, interest-only costs more in total, because interest is always charged on the full principal instead of a shrinking balance. The trade-off is a smaller monthly payment.

Yes. Create the borrower and choose the Interest-Only loan type. VyajPay tracks each monthly byaj payment separately from the principal, so you can always see how much interest has been collected and that the principal is still outstanding.

That depends on what the two of you agreed — commonly the unpaid interest is either carried forward or added to the principal. Record it as a missed entry in your khata so the running total stays honest, and agree the treatment in writing before the loan starts.