EMI calculator
Know your EMI before you borrow.
Know your monthly loan instalment and the total interest you will pay.
₹
₹10,000₹5 Cr
%
1%30%
yrs
1 yrs30 yrs
Monthly EMI
₹22,493
Principal
₹25,00,000
Total interest
₹28,98,356
Total payment
₹53,98,356
Principal46%
Interest54%
View yearly repayment schedule
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹46,818 | ₹2,23,100 | ₹24,53,182 |
| 2 | ₹51,210 | ₹2,18,708 | ₹24,01,973 |
| 3 | ₹56,013 | ₹2,13,904 | ₹23,45,959 |
| 4 | ₹61,268 | ₹2,08,650 | ₹22,84,691 |
| 5 | ₹67,015 | ₹2,02,903 | ₹22,17,676 |
| 6 | ₹73,302 | ₹1,96,616 | ₹21,44,375 |
| 7 | ₹80,178 | ₹1,89,740 | ₹20,64,197 |
| 8 | ₹87,699 | ₹1,82,219 | ₹19,76,498 |
| 9 | ₹95,926 | ₹1,73,992 | ₹18,80,572 |
| 10 | ₹1,04,924 | ₹1,64,993 | ₹17,75,647 |
| 11 | ₹1,14,767 | ₹1,55,151 | ₹16,60,880 |
| 12 | ₹1,25,533 | ₹1,44,385 | ₹15,35,347 |
| 13 | ₹1,37,309 | ₹1,32,609 | ₹13,98,038 |
| 14 | ₹1,50,189 | ₹1,19,728 | ₹12,47,849 |
| 15 | ₹1,64,278 | ₹1,05,640 | ₹10,83,571 |
| 16 | ₹1,79,689 | ₹90,229 | ₹9,03,882 |
| 17 | ₹1,96,545 | ₹73,373 | ₹7,07,338 |
| 18 | ₹2,14,982 | ₹54,936 | ₹4,92,356 |
| 19 | ₹2,35,149 | ₹34,769 | ₹2,57,207 |
| 20 | ₹2,57,207 | ₹12,711 | ₹0 |
Illustrative only, based on the rates you enter; returns are not guaranteed. Mutual fund investments are subject to market risks, read all scheme related documents carefully.
How to use it
- 1Enter the loan amount, the interest rate and the tenure.
- 2See your EMI and how much of what you repay is interest.
- 3Open the yearly schedule to see the outstanding balance fall.
The formula
EMI = P × i × (1 + i)ⁿ / ((1 + i)ⁿ − 1), on a reducing balance.
Questions
A longer tenure lowers the EMI but increases the total interest you pay. Pick the shortest tenure whose EMI you can comfortably afford.
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