EMI Calculator
Calculate your monthly loan payment, total interest and total payment.
Loan details
Drag the sliders or type exact values.
Annual rate. 0% is allowed for interest-free loans.
Up to 50 years.
Prepayment simulator
See how extra payments shorten the loan and cut interest.
Added on top of the EMI each month.
Monthly EMI
₹21,696
for 20 yrs at 8.5% a year
Principal
₹25 L
₹25,00,000
Total interest
₹27.07 L
₹27,06,939
Total payment
₹52.07 L
₹52,06,939
Loan ends in
20 yrs
full tenure
Where your money goes
- Principal₹25 L(48%)
- Interest₹27.07 L(52%)
Outstanding balance over time
Amortization schedule
Totals for each year of the loan.
| Year | Opening | EMI | Interest | Principal | Closing |
|---|---|---|---|---|---|
| 1 | ₹25,00,000 | ₹2,60,347 | ₹2,10,591 | ₹49,756 | ₹24,50,244 |
| 2 | ₹24,50,244 | ₹2,60,347 | ₹2,06,193 | ₹54,154 | ₹23,96,091 |
| 3 | ₹23,96,091 | ₹2,60,347 | ₹2,01,407 | ₹58,940 | ₹23,37,150 |
| 4 | ₹23,37,150 | ₹2,60,347 | ₹1,96,197 | ₹64,150 | ₹22,73,000 |
| 5 | ₹22,73,000 | ₹2,60,347 | ₹1,90,527 | ₹69,820 | ₹22,03,180 |
| 6 | ₹22,03,180 | ₹2,60,347 | ₹1,84,355 | ₹75,992 | ₹21,27,188 |
| 7 | ₹21,27,188 | ₹2,60,347 | ₹1,77,638 | ₹82,709 | ₹20,44,479 |
| 8 | ₹20,44,479 | ₹2,60,347 | ₹1,70,327 | ₹90,020 | ₹19,54,459 |
| 9 | ₹19,54,459 | ₹2,60,347 | ₹1,62,370 | ₹97,977 | ₹18,56,482 |
| 10 | ₹18,56,482 | ₹2,60,347 | ₹1,53,710 | ₹1,06,637 | ₹17,49,846 |
| 11 | ₹17,49,846 | ₹2,60,347 | ₹1,44,284 | ₹1,16,063 | ₹16,33,783 |
| 12 | ₹16,33,783 | ₹2,60,347 | ₹1,34,026 | ₹1,26,321 | ₹15,07,462 |
| 13 | ₹15,07,462 | ₹2,60,347 | ₹1,22,860 | ₹1,37,487 | ₹13,69,974 |
| 14 | ₹13,69,974 | ₹2,60,347 | ₹1,10,707 | ₹1,49,640 | ₹12,20,335 |
| 15 | ₹12,20,335 | ₹2,60,347 | ₹97,480 | ₹1,62,866 | ₹10,57,468 |
| 16 | ₹10,57,468 | ₹2,60,347 | ₹83,085 | ₹1,77,262 | ₹8,80,206 |
| 17 | ₹8,80,206 | ₹2,60,347 | ₹67,416 | ₹1,92,931 | ₹6,87,275 |
| 18 | ₹6,87,275 | ₹2,60,347 | ₹50,363 | ₹2,09,984 | ₹4,77,291 |
| 19 | ₹4,77,291 | ₹2,60,347 | ₹31,802 | ₹2,28,545 | ₹2,48,746 |
| 20 | ₹2,48,746 | ₹2,60,347 | ₹11,601 | ₹2,48,746 | ₹0 |
About this tool
An EMI (equated monthly instalment) is the fixed amount you pay every month to repay a loan. Each instalment covers part of the interest and part of the principal.
Use this calculator to compare loan offers, plan your budget, or see how much interest you would pay over the full tenure.
How to use it
- Set the loan amount, yearly interest rate and tenure with the sliders or by typing (tenure can be in years or months).
- Read the monthly EMI, total interest and total payment, and the principal-versus-interest chart.
- Open the amortization table (monthly or yearly) and download it as CSV.
- Try the prepayment tab to see interest saved, or the compare tab to weigh two loans side by side.
Formula
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
P = loan amount, r = monthly interest rate (annual rate ÷ 12 ÷ 100), n = number of months
Example
A loan of ₹10,00,000 at 8.5% a year for 20 years gives an EMI of about ₹8,678, a total payment of about ₹20.83 lakh, and about ₹10.83 lakh of interest.
Frequently asked questions
- Does this include processing fees or insurance?
- No. It calculates only principal and interest. Fees and insurance charged by your lender are extra.
- Is the result exact?
- It uses the standard reducing-balance formula. Your lender may round instalments or use a slightly different day-count, so the bank's figure can differ by a small amount.
- Can I see the month-by-month schedule?
- Yes. The amortization table shows principal, interest and balance for every month or year, and you can export it as CSV or print it.
- Can I share my calculation?
- Yes. Your inputs are kept in the page link, so copying the link shares the same numbers. Nothing is sent to a server.
- Does a longer tenure save money?
- A longer tenure lowers the EMI but increases the total interest you pay.