Monthly EMI, total interest and a full amortisation schedule for any loan
Estimates only, not financial advice. What you type stays on your device. Updated on 25 Oct 2026.An EMI is the fixed amount paid each month, part interest and part principal. A 25 lakh home loan at 8.5 per cent over 20 years costs about 21,700 rupees a month. The schedule shows how each instalment splits, and the early ones are almost entirely interest.
Estimates for information only, not financial advice. Interest on the reducing balance, compounded monthly; fees and charges not included.
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹49,756 | ₹2,10,591 | ₹24,50,244 |
| 2 | ₹54,153 | ₹2,06,194 | ₹23,96,091 |
| 3 | ₹58,941 | ₹2,01,407 | ₹23,37,150 |
| 4 | ₹64,150 | ₹1,96,197 | ₹22,73,000 |
| 5 | ₹69,820 | ₹1,90,525 | ₹22,03,180 |
| 6 | ₹75,992 | ₹1,84,353 | ₹21,27,188 |
| 7 | ₹82,709 | ₹1,77,639 | ₹20,44,479 |
| 8 | ₹90,020 | ₹1,70,328 | ₹19,54,459 |
| 9 | ₹97,977 | ₹1,62,368 | ₹18,56,482 |
| 10 | ₹1,06,636 | ₹1,53,710 | ₹17,49,846 |
| 11 | ₹1,16,063 | ₹1,44,286 | ₹16,33,783 |
| 12 | ₹1,26,321 | ₹1,34,027 | ₹15,07,462 |
| 13 | ₹1,37,488 | ₹1,22,859 | ₹13,69,974 |
| 14 | ₹1,49,639 | ₹1,10,708 | ₹12,20,335 |
| 15 | ₹1,62,867 | ₹97,480 | ₹10,57,468 |
| 16 | ₹1,77,262 | ₹83,085 | ₹8,80,206 |
| 17 | ₹1,92,931 | ₹67,417 | ₹6,87,275 |
| 18 | ₹2,09,984 | ₹50,364 | ₹4,77,291 |
| 19 | ₹2,28,545 | ₹31,802 | ₹2,48,746 |
| 20 | ₹2,48,746 | ₹11,602 | ₹0 |
Set the Loan amount slider, or pick one of the amount chips above it.
Set the Interest rate to the yearly rate on your loan offer.
Choose Years or Months under "Tenure in", then set the Tenure slider.
Turn on Prepayment if you plan to pay extra each year or month, and set that amount.
Read the Monthly EMI and total interest, then press Share result to copy a link with these inputs.
The EMI calculator works out the fixed monthly instalment for any loan from three numbers: the amount, the yearly interest rate and the tenure. You get the EMI, the total interest you will pay over the life of the loan, the total repayment, and a month-by-month schedule showing how each instalment splits between principal and interest.
People use it before they sign: a ₹25 lakh home loan at 8.5% for 20 years costs about ₹21,700 a month and ₹27 lakh in interest, so is a 15-year tenure affordable? Or an ₹8 lakh car loan at 9.5% over 5 years versus 7 years. Turn on Prepayment to see how a yearly lump sum shortens the loan and how much interest it saves.
Everything runs in your browser; nothing you type is sent anywhere. The EMI uses the reducing-balance formula that Indian lenders follow, with the annual rate divided by 12:
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P = loan amount, r = annual rate ÷ 12 ÷ 100, n = tenure in months.
Each month the interest is charged on the outstanding balance, so early instalments are mostly interest and later ones mostly principal. Processing fees, insurance, floating-rate resets and prepayment charges are not included, so compare the figure with your lender's sanction letter. Estimates for information only, not financial advice.
Sources: the reducing-balance (diminishing-balance) method mandated by the Reserve Bank of India for retail loans; lender rate cards for the default rates shown on the home, car and personal loan pages.
Yes. There is no signup, no limit on how many loans you check, and the shared link and embed are free too. Ads may show in the reserved slot below the tool; they never change the result.
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the annual rate divided by 12 and by 100, and n is the tenure in months. At 0% the EMI is simply the amount divided by the months. The schedule then applies each month's interest to the outstanding balance.
Interest for each month is charged only on the principal still outstanding, not on the original amount. Because the balance falls with every instalment, the interest part of the EMI shrinks and the principal part grows over time. Indian banks and NBFCs follow this method for home, car and personal loans, as required by the RBI.
Usually a lot. An extra payment goes entirely to principal, so every later month's interest is lower and the loan closes earlier while the EMI stays the same. Turn on Prepayment to see the months saved and the interest saved for a yearly or monthly extra amount. Check your lender's prepayment charges, which are nil for floating-rate loans to individuals.
No. The result covers only the loan amount and interest. Processing fees, stamp duty, loan insurance, GST on charges and any prepayment penalty are extra, and floating rates can change during the tenure. Use the lender's sanction letter for the exact figures.
Yes. Share copies a link that restores your amount, rate, tenure and prepayment settings. Embed gives you an iframe snippet that puts the calculator on your own site without the header and footer.
EMI nikalna: enter the loan amount, the yearly interest rate and the tenure, and the monthly instalment appears with the total interest and a month-by-month schedule. The formula is EMI = P x r x (1+r)^n / ((1+r)^n - 1) on a reducing balance. Processing fees, insurance and prepayment charges are not included.
Formula only: no rates or limits are read from an official source.
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