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EMI Calculator
Looks like a real calculator — sliders, ₹ result card, principal vs interest donut.
60 months
Breakup
Principal
₹10,00,000
Interest
₹2,74,823
Total payment ₹12,74,823
Monthly EMI
₹21,247₹0
60 monthly installments · reducing balance
Total interest
₹2,74,823₹0
Total payment
₹12,74,823₹0
Year-wise repayment schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,62,268 | ₹92,696 | ₹8,37,732 |
| 2 | ₹1,79,260 | ₹75,705 | ₹6,58,472 |
| 3 | ₹1,98,030 | ₹56,934 | ₹4,60,442 |
| 4 | ₹2,18,767 | ₹36,198 | ₹2,41,675 |
| 5 | ₹2,41,675 | ₹13,290 | ₹0 |
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Guides, tips & FAQ
What is EMI?
EMI — Equated Monthly Installment is a fixed monthly payment that covers interest and principal on a reducing-balance loan. Early installments are interest-heavy; later ones repay more principal.
Estimate monthly EMI, total interest, and total repayment for a home, car, or personal loan. Uses the standard reducing-balance formula. Not a loan offer — verify with your lender.
Reducing-balance formula
EMI = P × r × (1+r)^n / ((1+r)^n − 1)
P = principal, r = monthly rate (annual% ÷ 12 ÷ 100), n = tenure in months. If r = 0, EMI = P ÷ n.
How to use this calculator
- Loan amount: Enter or slide to the principal you plan to borrow (shown in Indian ₹ formatting).
- Interest rate: Annual percentage rate (p.a.) offered by the lender.
- Tenure: Toggle years or months, then set the loan term. Results update live — monthly EMI, total interest, total payment, and the principal vs interest breakup.
- Year-wise table: Expand the repayment schedule accordion for principal, interest, and closing balance by year.
Worked example
- Loan = ₹10,00,000 at 10% p.a for 60 months.
- Monthly rate r = 0.10 / 12 ≈ 0.008333.
- Plug into the EMI formula (illustrative).
EMI ≈ ₹21,247 / month (rounded)
What this does not include
- Processing fees, insurance, GST on fees, or prepayment charges
- Floating-rate resets or step-up EMI schedules
- Tax benefits or amortization schedule export
For percentage maths without loan structure, use the percentage calculator. India GST illustrations: GST calculator.