EMI Calculator
Monthly instalment, total interest and a yearly schedule for any loan.
Your EMI
- Principal
- ₹25,00,000
- Total interest
- ₹27,06,939
- Total payable
- ₹52,06,939
Year-by-year schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹49,756 | ₹2,10,591 | ₹24,50,244 |
| 2 | ₹54,154 | ₹2,06,193 | ₹23,96,091 |
| 3 | ₹58,940 | ₹2,01,407 | ₹23,37,150 |
| 4 | ₹64,150 | ₹1,96,197 | ₹22,73,000 |
| 5 | ₹69,820 | ₹1,90,527 | ₹22,03,180 |
| 6 | ₹75,992 | ₹1,84,355 | ₹21,27,188 |
| 7 | ₹82,709 | ₹1,77,638 | ₹20,44,479 |
| 8 | ₹90,020 | ₹1,70,327 | ₹19,54,459 |
| 9 | ₹97,977 | ₹1,62,370 | ₹18,56,482 |
| 10 | ₹1,06,637 | ₹1,53,710 | ₹17,49,846 |
| 11 | ₹1,16,063 | ₹1,44,284 | ₹16,33,783 |
| 12 | ₹1,26,321 | ₹1,34,026 | ₹15,07,462 |
| 13 | ₹1,37,487 | ₹1,22,860 | ₹13,69,974 |
| 14 | ₹1,49,640 | ₹1,10,707 | ₹12,20,335 |
| 15 | ₹1,62,866 | ₹97,480 | ₹10,57,468 |
| 16 | ₹1,77,262 | ₹83,085 | ₹8,80,206 |
| 17 | ₹1,92,931 | ₹67,416 | ₹6,87,275 |
| 18 | ₹2,09,984 | ₹50,363 | ₹4,77,291 |
| 19 | ₹2,28,545 | ₹31,802 | ₹2,48,746 |
| 20 | ₹2,48,746 | ₹11,601 | ₹0 |
Loan details
How is this calculated?
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
P = loan amount · r = yearly rate ÷ 12 ÷ 100 · n = monthsRuns in your browser — nothing you enter leaves this device.
An estimate for planning. Actual amounts depend on your lender's terms, fees and compounding. Not financial advice.
About this tool
What it does
This calculator works out the fixed monthly instalment (EMI) for a loan that is repaid on a reducing balance — the method Indian banks use for home, car and personal loans. It also shows how much of what you repay is interest, and how the balance falls year by year.
How to use it
- Enter the loan amount, or drag its slider. The hint underneath reads it back in lakh or crore.
- Set the yearly interest rate your lender quoted.
- Choose the tenure in years. The EMI, the interest split and the schedule update as you go.
- Open the year-by-year schedule to see principal, interest and the remaining balance each year.
- Copy the link to share these exact numbers — the loan details are saved in the address.
Limits and your data
- It assumes a fixed rate for the whole tenure. Floating-rate loans change their EMI or tenure when the rate moves.
- Processing fees, insurance bundled into the loan, and GST on fees are not included.
- Banks round the EMI to the rupee, so the last instalment of a real loan can differ by a few rupees.
- Part-prepayments are not modelled. Paying extra early reduces interest far more than this schedule shows.
- Every calculation runs in your browser. The amounts you enter are never sent anywhere; they only appear in the page address so that a link you choose to share opens with the same numbers.
Questions
Does a longer tenure make a loan cheaper?
It lowers the monthly EMI but raises the total interest, often sharply. Compare the interest figure at 15 and 20 years for the same loan to see the difference before deciding.
Why is most of my early EMI going to interest?
Interest is charged on the outstanding balance, which is highest at the start. As the balance falls, a growing share of each fixed EMI goes to principal — the schedule shows this shift year by year.
What is a reducing-balance rate?
Interest is calculated each month on what you still owe, not on the original amount. A flat-rate loan charges interest on the full original amount throughout, so a 10% flat rate costs much more than 10% reducing.
How much does a 0.5% lower rate save?
Change the rate by half a percent and compare the total interest. On a ₹25 lakh, 20-year loan the difference runs into lakhs of rupees, which is why rate negotiation matters.