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EMI Calculator

Calculate loan EMI, interest & repayment schedule for any type of loan

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50K 50L
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Years
1 30

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%
EMI Breakdown
₹21,242
Monthly EMI
Principal Amount: ₹20,00,000
Total Interest: ₹25,98,080
Processing Fee: ₹25,000
Total Payment: ₹45,98,080
Interest vs Principal
Principal: 44% Interest: 56%
Loan Utilization
Used: 80% Remaining: 20%
Year-wise Breakdown
Year Principal Paid Interest Paid Remaining Balance Cumulative Interest
Your EMI
₹21,242
Monthly Payment
₹2,54,904
Yearly
₹45,98,080
Total
Loan Amount: ₹25,00,000
Interest Rate: 8.5%
Tenure: 20 years
Interest Paid: ₹25,98,080
TOTAL PAYMENT: ₹45,98,080
Affordability Check
₹
₹
EMI Affordability: 28%
Recommended EMI: ₹15,000
Your EMI: ₹21,242
Safe: ≤40% Current: 28%
Compare Interest Rates
7.5% Interest
₹18,982
Save ₹2,260/month
8.5% Interest (Current)
₹21,242
Current
9.5% Interest
₹23,304
Add ₹2,062/month
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Quick Scenarios
What is EMI?

EMI (Equated Monthly Installment) is the fixed amount you pay each month towards your loan, comprising both principal and interest.

EMI Formula

EMI = [P × r × (1+r)^n] / [(1+r)^n - 1] where P=Principal, r=Monthly interest rate, n=Tenure in months

Smart Tips
  • Try to keep EMI ≤ 40% of your income
  • Shorter tenure = less interest paid
  • Make prepayments to save interest
  • Compare rates from multiple lenders
How EMI Works

In early years, most of your EMI goes towards interest. As time passes, more goes towards principal. This is called amortization.

Interest Impact

A 1% difference in interest rate can save you lakhs over the loan term. Always negotiate for the lowest possible rate.

Tenure Matters

Shorter tenure means higher EMI but less total interest. Longer tenure means lower EMI but more total interest paid.

Complete Guide to EMI & Loan Repayment

The EMI Calculator helps you calculate your monthly loan installment, total interest payable and complete repayment schedule instantly. Whether you are planning a home loan, car loan, personal loan or education loan, this calculator provides accurate and detailed financial insights.

What is EMI?

EMI (Equated Monthly Installment) is the fixed amount paid every month towards repaying a loan. Each EMI consists of two parts: principal repayment and interest payment.

EMI Formula

EMI = [P × r × (1+r)n] / [(1+r)n − 1]
  • P = Loan Amount
  • r = Monthly Interest Rate
  • n = Loan Tenure in Months

Why Use This EMI Calculator?

  • Instant monthly EMI calculation
  • Detailed amortization schedule
  • Compare different interest rates
  • Analyze loan affordability
  • Export repayment schedule

Tips to Reduce Loan Interest

  • Make higher down payment
  • Choose shorter tenure
  • Negotiate lower interest rate
  • Make partial prepayments regularly

This calculator provides estimates for educational and planning purposes only. Actual EMI and interest may vary based on lender policies.