Loan EMI Calculator
Enter the loan amount, interest rate and tenure to see your monthly EMI, the total interest and a year-by-year repayment schedule.
Free, no sign-up. Everything runs in your browser.
Monthly EMI
₹43,391
for 240 months
- Principal
- ₹50,00,000
- Total interest
- ₹54,13,879 (52%)
- Total you pay
- ₹1,04,13,879
Year-by-year schedule
| Year | Principal | Interest | Balance left |
|---|---|---|---|
| 1 | ₹99,511 | ₹4,21,182 | ₹49,00,489 |
| 2 | ₹1,08,307 | ₹4,12,387 | ₹47,92,181 |
| 3 | ₹1,17,881 | ₹4,02,813 | ₹46,74,300 |
| 4 | ₹1,28,300 | ₹3,92,394 | ₹45,46,000 |
| 5 | ₹1,39,641 | ₹3,81,053 | ₹44,06,359 |
| 6 | ₹1,51,984 | ₹3,68,710 | ₹42,54,375 |
| 7 | ₹1,65,418 | ₹3,55,276 | ₹40,88,957 |
| 8 | ₹1,80,039 | ₹3,40,655 | ₹39,08,918 |
| 9 | ₹1,95,953 | ₹3,24,741 | ₹37,12,965 |
| 10 | ₹2,13,274 | ₹3,07,420 | ₹34,99,691 |
| 11 | ₹2,32,125 | ₹2,88,569 | ₹32,67,566 |
| 12 | ₹2,52,643 | ₹2,68,051 | ₹30,14,923 |
| 13 | ₹2,74,974 | ₹2,45,720 | ₹27,39,949 |
| 14 | ₹2,99,279 | ₹2,21,415 | ₹24,40,670 |
| 15 | ₹3,25,733 | ₹1,94,961 | ₹21,14,937 |
| 16 | ₹3,54,525 | ₹1,66,169 | ₹17,60,412 |
| 17 | ₹3,85,862 | ₹1,34,832 | ₹13,74,550 |
| 18 | ₹4,19,968 | ₹1,00,726 | ₹9,54,582 |
| 19 | ₹4,57,090 | ₹63,604 | ₹4,97,492 |
| 20 | ₹4,97,492 | ₹23,202 | ₹0 |
Year 1 starts with your first EMI.
Step by step
How to use EMI Calculator
- 1
Pick the loan type
Home, car, personal or education loan fills in typical values to start from.
- 2
Enter your loan details
Type the amount, your bank's yearly interest rate and the tenure in years or months.
- 3
Read the EMI
See the monthly EMI, the total interest and the total you will pay back.
- 4
Open the schedule
See how much of each year's payments goes to principal and interest, and what is left.
Overview
About EMI Calculator
EMI (equated monthly instalment) is the fixed amount you pay every month until a loan is closed. Banks in India work it out on the reducing balance: EMI = P x r x (1 + r)^n / ((1 + r)^n - 1), where P is the loan, r the yearly rate divided by 12 (as a fraction), and n the number of months.
Each EMI first pays the interest on what you still owe, and the rest brings the loan down. That is why the early years of a long home loan are mostly interest: on ₹10 lakh at 8.5% for 20 years, the first year's EMIs pay ₹84,236 of interest and only ₹19,902 of principal.
The schedule shows this year by year, so you can see when prepaying helps most. A shorter tenure means a bigger EMI but much less interest in total.
Everything runs in your browser. Nothing you type is sent anywhere.
When it helps
- Checking if a home loan EMI fits your monthly budget before you apply
- Comparing the total interest on a 15 and a 20 year loan
- Working out the EMI on a car or bike loan offer
- Seeing how much of a loan is still left after a few years
Specs
Supported files and limits
- Method
- Reducing balance, monthly rest, as Indian banks use
- Inputs
- Loan up to ₹1,000 crore, rate 0 to 50% a year, tenure up to 40 years (480 months)
- Shows
- EMI, total interest, total payment, principal-interest split and a yearly schedule
- Where it runs
- In your browser. Nothing is uploaded.
EMI for every ₹1 lakh of loan
Multiply by your loan in lakh. For ₹25 lakh at 8.5% for 20 years: 868 x 25 = about ₹21,700 a month.
| Rate | 5 years | 10 years | 15 years | 20 years | 30 years |
|---|---|---|---|---|---|
| 7.5% | ₹2,004 | ₹1,187 | ₹927 | ₹806 | ₹699 |
| 8.5% | ₹2,052 | ₹1,240 | ₹985 | ₹868 | ₹769 |
| 9.5% | ₹2,100 | ₹1,294 | ₹1,044 | ₹932 | ₹841 |
| 10.5% | ₹2,149 | ₹1,349 | ₹1,105 | ₹998 | ₹915 |
| 12% | ₹2,224 | ₹1,435 | ₹1,200 | ₹1,101 | ₹1,029 |
| 14% | ₹2,327 | ₹1,553 | ₹1,332 | ₹1,244 | ₹1,185 |
Good to know
- Processing fees, insurance and GST on charges are not included.
- Floating rates change over time; the EMI shown is for the rate you enter, held for the whole loan.
- Prepayments and EMI holidays are not modelled.
- Your bank may round the EMI or count the first month differently, so its figure can differ by a few rupees.
Fix a problem
Troubleshooting
My bank's EMI is a little different
Banks round the EMI and may count interest from the disbursal date. A difference of a few rupees is normal.
The EMI is too high for my budget
Try a longer tenure or a smaller loan. The total interest will go up with a longer tenure.
I have the rate per month
Multiply it by 12 and enter the yearly rate. 0.75% a month is 9% a year.
FAQ
Frequently asked questions
What is the EMI on a ₹10 lakh loan at 8.5% for 20 years?
₹8,678 a month. Over 240 months you pay ₹20,82,776, of which ₹10,82,776 is interest.
What is the EMI on a ₹50 lakh home loan?
At 8.5% for 20 years it is ₹43,391 a month. Use the calculator for your bank's rate and tenure.
What is the EMI on a ₹5 lakh personal loan?
At 10.5% for 5 years it is ₹10,747 a month.
How is EMI calculated?
EMI = P x r x (1 + r)^n / ((1 + r)^n - 1), with P the loan, r the yearly rate / 12 / 100, and n the months.
Is a longer tenure better?
It lowers the EMI but raises the total interest a lot. Pick the shortest tenure whose EMI you can pay comfortably.
Why is most of my early EMI interest?
Interest is charged on what you still owe, which is highest at the start. As the loan comes down, more of each EMI goes to principal.
Is my data saved?
No. The calculation happens in your browser and nothing is stored or sent.
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