Month-by-month split of each EMI into interest and principal
Estimates only, not financial advice. What you type stays on your device. Updated on 25 Oct 2026.An amortization schedule shows how every EMI divides between interest and principal, and what is still owed after each payment. This page opens at 10 lakh over 20 years at 9%: an EMI of about 8,997.26, of which 7,500 is interest in the first month. The interest share falls every month.
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 | ₹18,727 | ₹89,241 | ₹9,81,273 |
| 2 | ₹20,484 | ₹87,483 | ₹9,60,789 |
| 3 | ₹22,405 | ₹85,562 | ₹9,38,384 |
| 4 | ₹24,507 | ₹83,459 | ₹9,13,877 |
| 5 | ₹26,807 | ₹81,160 | ₹8,87,070 |
| 6 | ₹29,320 | ₹78,647 | ₹8,57,750 |
| 7 | ₹32,071 | ₹75,896 | ₹8,25,679 |
| 8 | ₹35,080 | ₹72,887 | ₹7,90,599 |
| 9 | ₹38,370 | ₹69,596 | ₹7,52,229 |
| 10 | ₹41,970 | ₹65,998 | ₹7,10,259 |
| 11 | ₹45,907 | ₹62,062 | ₹6,64,352 |
| 12 | ₹50,213 | ₹57,755 | ₹6,14,139 |
| 13 | ₹54,924 | ₹53,044 | ₹5,59,215 |
| 14 | ₹60,075 | ₹47,890 | ₹4,99,140 |
| 15 | ₹65,712 | ₹42,255 | ₹4,33,428 |
| 16 | ₹71,875 | ₹36,091 | ₹3,61,553 |
| 17 | ₹78,618 | ₹29,348 | ₹2,82,935 |
| 18 | ₹85,993 | ₹21,974 | ₹1,96,942 |
| 19 | ₹94,059 | ₹13,909 | ₹1,02,883 |
| 20 | ₹1,02,883 | ₹5,083 | ₹0 |
Set the Loan amount, Interest rate and Tenure of the loan; the page opens on 10 lakh at 9% for 20 years.
Open the Month by month tab to see each EMI split into principal and interest.
Press "Show all" under the table to list every month to the last payment.
Turn on Prepayment to see the extra payment column and the shorter schedule.
Open Year by year for the yearly totals, then press Share result to copy a link.
Add a prepayment to see how many months it removes.
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.
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.
The rest of the article, and all 7 questions about EMI Calculator, are on the EMI Calculator page.
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.
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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