EMI Calculator
Know your EMI.
Before you borrow.
₹
%
years
- Monthly EMI
- ₹43,391
- Total interest
- ₹54,13,879
- Total payment
- ₹1,04,13,879
Principal · 48%Interest · 52%
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 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 |
Enter the loan amount, interest rate and tenure to get your monthly EMI, total interest and total payment, with a year-by-year (or month-by-month) amortization schedule you can download as CSV.
How to calculate EMI
- Enter the loan amount.
- Enter the annual interest rate.
- Set the tenure in years or months.
- Read the EMI and see how each payment splits between principal and interest.
EMI per ₹1 lakh borrowed
Multiply by the number of lakhs you plan to borrow — for a ₹30 lakh loan, multiply the figure by 30.
| 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 |
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Frequently asked questions
- How is EMI calculated?
- EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of monthly instalments. For ₹10 lakh at 8.5% for 20 years, the EMI is about ₹8,678.
- How can I reduce my EMI or total interest?
- A longer tenure lowers the EMI but increases total interest; a shorter tenure does the opposite. Part-prepayments early in the loan save the most interest, because interest is charged on the outstanding balance.
- Is this the exact amount my bank will charge?
- It's the standard reducing-balance calculation used by banks, but your lender may add processing fees, insurance or round differently. Treat it as a close estimate, not financial advice.