EMI Calculator
Calculate the monthly EMI, total interest and full repayment schedule for any home, car or personal loan.
Loan amount
₹100,000₹50,000,000
Interest rate (p.a.)
5%24%
Tenure in
Loan tenure
130
Year-wise Repayment Schedule
| Year | Principal paid | Interest paid | Total paid | Balance |
|---|
Results are indicative estimates for planning only and are not financial advice. Actual figures depend on the lender, fund or institution.
How It Is Calculated
The formula behind the numbers.
Formula
EMI = P × r × (1+r)n ÷ ((1+r)n − 1)
- P = loan amount (principal)
- r = monthly rate = annual rate ÷ 12 ÷ 100
- n = tenure in months
- Example: ₹25 lakh at 8.5% for 20 years = ₹21,696 EMI
EMI Calculator FAQs
Common questions answered.
What is an EMI?
An Equated Monthly Instalment is the fixed amount you pay each month to repay a loan. Each EMI has an interest part and a principal part; early EMIs are mostly interest.
Does a longer tenure reduce the cost of the loan?
A longer tenure lowers your EMI but increases the total interest you pay. Use the schedule to compare tenures.
Is the EMI the same for floating-rate loans?
For floating-rate loans, the lender may change the EMI or the tenure when the benchmark rate changes.
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