Calculators

EMI Calculator for Home, Car and Personal Loans

Work out your loan EMI in rupees: enter the loan amount, interest rate and tenure in years or months to see the monthly EMI, total interest payable and a year-by-year repayment schedule. Estimates only.

Term in
Monthly EMI
₹8,678.23
Total interest
₹10,82,775.76
Total paid
₹20,82,775.76

Principal 48%Interest 52%

Repayment schedule

YearPrincipalInterestBalance
1₹19,902.29₹84,236.50₹9,80,097.71
2₹21,661.47₹82,477.31₹9,58,436.23
3₹23,576.15₹80,562.64₹9,34,860.08
4₹25,660.07₹78,478.72₹9,09,200.02
5₹27,928.18₹76,210.60₹8,81,271.83
6₹30,396.78₹73,742.01₹8,50,875.05
7₹33,083.58₹71,055.21₹8,17,791.47
8₹36,007.87₹68,130.92₹7,81,783.60
9₹39,190.64₹64,948.15₹7,42,592.96
10₹42,654.73₹61,484.05₹6,99,938.23
11₹46,425.02₹57,713.76₹6,53,513.20
12₹50,528.57₹53,610.21₹6,02,984.63
13₹54,994.84₹49,143.95₹5,47,989.79
14₹59,855.88₹44,282.90₹4,88,133.91
15₹65,146.60₹38,992.19₹4,22,987.31
16₹70,904.97₹33,233.82₹3,52,082.34
17₹77,172.32₹26,966.47₹2,74,910.02
18₹83,993.65₹20,145.14₹1,90,916.37
19₹91,417.93₹12,720.86₹99,498.44
20₹99,498.44₹4,640.35₹0.00

Estimates only, not financial advice. Your bank's EMI may differ slightly because of processing fees, rounding and how interest is charged. Your numbers stay on your device.

How to use the EMI Calculator

  1. Enter the loan amount in rupees.
  2. Enter the yearly interest rate and the tenure in years or months.
  3. Read your monthly EMI, total interest and total payment, and open any year for its monthly breakdown.

Frequently asked questions

What is EMI?
EMI stands for equated monthly instalment: the fixed amount you pay your lender every month until the loan is repaid. Each EMI covers that month's interest plus part of the principal.
How is EMI calculated?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate (yearly rate ÷ 12 ÷ 100) and n is the tenure in months. For ₹10,00,000 at 8.5% for 20 years, the EMI is about ₹8,678.
Can I use it for a home loan, car loan or personal loan?
Yes. The calculation is the same for any loan with a fixed rate and equal monthly instalments.
How can I reduce my EMI?
A longer tenure, a lower interest rate or a smaller loan amount all lower the EMI. A longer tenure usually means more total interest, though.
Is the EMI shown exact?
It's an estimate only, not financial advice. Your bank's figure may differ slightly because of processing fees, rounding or how interest is charged, so check your sanction letter.

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