EMI Calculator
Calculate your loan EMI, total interest and total payment. Free online EMI calculator for home, car and personal loans.
The amount you want to borrow.
₹
Annual interest rate on the loan.
%
How long you take to repay.
yrs
Optional. Pay more each month to finish early.
₹
Your monthly EMI is ₹8,678 for 20 years.
Principal
₹10,00,000
Interest · 52%
₹10,82,776
Outstanding balance by year
Total payment₹20,82,776
Total interest₹10,82,776
Year-by-year amortization schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹19,902 | ₹84,236 | ₹9,80,098 |
| 2 | ₹21,661 | ₹82,477 | ₹9,58,436 |
| 3 | ₹23,576 | ₹80,563 | ₹9,34,860 |
| 4 | ₹25,660 | ₹78,479 | ₹9,09,200 |
| 5 | ₹27,928 | ₹76,211 | ₹8,81,272 |
| 6 | ₹30,397 | ₹73,742 | ₹8,50,875 |
| 7 | ₹33,084 | ₹71,055 | ₹8,17,791 |
| 8 | ₹36,008 | ₹68,131 | ₹7,81,784 |
| 9 | ₹39,191 | ₹64,948 | ₹7,42,593 |
| 10 | ₹42,655 | ₹61,484 | ₹6,99,938 |
| 11 | ₹46,425 | ₹57,714 | ₹6,53,513 |
| 12 | ₹50,529 | ₹53,610 | ₹6,02,985 |
| 13 | ₹54,995 | ₹49,144 | ₹5,47,990 |
| 14 | ₹59,856 | ₹44,283 | ₹4,88,134 |
| 15 | ₹65,147 | ₹38,992 | ₹4,22,987 |
| 16 | ₹70,905 | ₹33,234 | ₹3,52,082 |
| 17 | ₹77,172 | ₹26,966 | ₹2,74,910 |
| 18 | ₹83,994 | ₹20,145 | ₹1,90,916 |
| 19 | ₹91,418 | ₹12,721 | ₹99,498 |
| 20 | ₹99,498 | ₹4,640 | ₹0 |
Frequently asked questions
How is EMI calculated?
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1], where P is principal, R is the monthly interest rate, and N is the number of monthly instalments.
Does a longer tenure reduce my EMI?
Yes, a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.
Related tools
Read the guide: How Is EMI Calculated?
Results are estimates for illustration only and not financial advice.