EMI Calculator
Calculate your loan EMI, total interest and repayment schedule instantly — for home, car and personal loans. See exactly how much prepayment can save you.
₹25L
Prepayment (optional)
Monthly EMI
₹21,696
Principal
₹25,00,000
Total interest
₹27,06,939
Total payment
₹52,06,939
Year-by-year breakdown
How each year's payments split between principal and interest, and your outstanding balance over time.
EMI formula
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1)
P = loan amount, r = monthly interest rate (annual ÷ 12 ÷ 100), n = tenure in months.
Your numbers
- P = ₹25,00,000
- n = 240 months at 8.5% p.a.
- → EMI = ₹21,696 / month
How the EMI calculator works
An EMI (Equated Monthly Instalment) is the fixed amount you pay your lender every month until a loan is fully repaid. Each EMI covers the interest due for that month first, and whatever is left reduces your outstanding principal. Because interest is charged on the shrinking balance, your early instalments are mostly interest while later ones are mostly principal — this is called reducing-balance amortization, the method every Indian bank and NBFC uses.
Enter your loan amount, interest rate and tenure to see your monthly EMI, the total interest you'll pay, and a full year-by-year schedule. Add a monthly extra payment or a one-time lump sum in the Prepayment section to see how much interest you can save and how many years earlier your loan can close. Prepaying early in the tenure — when the balance (and therefore the interest) is highest — has the biggest impact.
Frequently Asked Questions
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