Loan Calculator
Know your EMI.
Before you borrow.
₹
%
years
- Monthly EMI
- ₹9,964
- Total interest
- ₹58,715
- Total payment
- ₹3,58,715
Principal · 84%Interest · 16%
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹88,325 | ₹31,247 | ₹2,11,675 |
| 2 | ₹99,526 | ₹20,045 | ₹1,12,149 |
| 3 | ₹1,12,149 | ₹7,423 | ₹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 | 1 years | 2 years | 3 years | 4 years | 5 years |
|---|---|---|---|---|---|
| 10% | ₹8,792 | ₹4,614 | ₹3,227 | ₹2,536 | ₹2,125 |
| 11% | ₹8,838 | ₹4,661 | ₹3,274 | ₹2,585 | ₹2,174 |
| 12% | ₹8,885 | ₹4,707 | ₹3,321 | ₹2,633 | ₹2,224 |
| 14% | ₹8,979 | ₹4,801 | ₹3,418 | ₹2,733 | ₹2,327 |
| 16% | ₹9,073 | ₹4,896 | ₹3,516 | ₹2,834 | ₹2,432 |
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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.