Calculate your monthly loan EMI, total interest and full repayment schedule. Free, instant and private.
Defaults are only illustrative. Enter the rate and amount from your lender's offer.
Click a year to see its monthly breakdown.
| Year | Principal | Interest | Paid | Balance |
|---|
An Equated Monthly Instalment (EMI) is the fixed amount you pay your lender every month until the loan is cleared. Each EMI has two parts: interest on the outstanding balance and a repayment of principal. In the early years most of the EMI goes to interest; over time the principal share grows.
The standard reducing-balance formula is EMI = P × r × (1 + r)n / ((1 + r)n − 1), where P is the loan amount, r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the number of months.
For a loan of ₹50,00,000 at 8.5% a year over 20 years (240 months), the monthly EMI is about ₹43,391. Over the full term you would pay roughly ₹1,04,13,879 in total, of which about ₹54,13,879 is interest. These are example figures only. Change the inputs above to see your own numbers.
| Loan type | Usual tenure | What affects the rate |
|---|---|---|
| Home loan | Up to 30 years | Credit score, loan-to-value, floating or fixed rate |
| Car loan | 1 to 7 years | Vehicle type, down payment, lender |
| Personal loan | 1 to 5 years | Income, credit score, employer; usually unsecured |
| Education loan | 5 to 15 years | Course, institution, co-applicant, moratorium |
Choose the shortest tenure whose EMI you can comfortably afford, make a larger down payment, compare offers from several lenders, and use part-prepayments whenever you have spare cash. Try the part-prepayment box on this page to see the effect of even a small monthly extra amount.
This calculator gives an estimate based on the reducing-balance method. Actual figures from your lender may differ because of processing fees, insurance, rounding and rate changes on floating-rate loans. Always check the sanction letter and repayment schedule from your bank.