EMI calculator
Find your monthly instalment, total interest and the full repayment schedule.
Monthly EMI₹21,696
- Principal
- ₹25 L
- Total interest
- ₹27.07 L
- Total payment
- ₹52.07 L
Breakdown
- Principal
- Interest
- Y1: ₹24,50,244
- Y2: ₹23,96,091
- Y3: ₹23,37,150
- Y4: ₹22,73,000
- Y5: ₹22,03,180
- Y6: ₹21,27,188
- Y7: ₹20,44,479
- Y8: ₹19,54,459
- Y9: ₹18,56,482
- Y10: ₹17,49,846
- Y11: ₹16,33,783
- Y12: ₹15,07,462
- Y13: ₹13,69,974
- Y14: ₹12,20,335
- Y15: ₹10,57,468
- Y16: ₹8,80,206
- Y17: ₹6,87,275
- Y18: ₹4,77,291
- Y19: ₹2,48,746
- Y20: ₹0
View year-by-year schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹49,756 | ₹2,10,591 | ₹24,50,244 |
| 2 | ₹54,154 | ₹2,06,193 | ₹23,96,091 |
| 3 | ₹58,940 | ₹2,01,407 | ₹23,37,150 |
| 4 | ₹64,150 | ₹1,96,197 | ₹22,73,000 |
| 5 | ₹69,820 | ₹1,90,527 | ₹22,03,180 |
| 6 | ₹75,992 | ₹1,84,355 | ₹21,27,188 |
| 7 | ₹82,709 | ₹1,77,638 | ₹20,44,479 |
| 8 | ₹90,020 | ₹1,70,327 | ₹19,54,459 |
| 9 | ₹97,977 | ₹1,62,370 | ₹18,56,482 |
| 10 | ₹1,06,637 | ₹1,53,710 | ₹17,49,846 |
| 11 | ₹1,16,063 | ₹1,44,284 | ₹16,33,783 |
| 12 | ₹1,26,321 | ₹1,34,026 | ₹15,07,462 |
| 13 | ₹1,37,487 | ₹1,22,860 | ₹13,69,974 |
| 14 | ₹1,49,640 | ₹1,10,707 | ₹12,20,335 |
| 15 | ₹1,62,866 | ₹97,480 | ₹10,57,468 |
| 16 | ₹1,77,262 | ₹83,085 | ₹8,80,206 |
| 17 | ₹1,92,931 | ₹67,416 | ₹6,87,275 |
| 18 | ₹2,09,984 | ₹50,363 | ₹4,77,291 |
| 19 | ₹2,28,545 | ₹31,802 | ₹2,48,746 |
| 20 | ₹2,48,746 | ₹11,601 | ₹0 |
How is EMI calculated?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments. Early EMIs are mostly interest; the principal share grows over time.
How can I reduce my EMI?
A longer tenure lowers the EMI but increases total interest. A lower interest rate, a larger down payment or part-prepayment reduces both the EMI burden and the interest paid.
Results are estimates for planning only. Lenders’ actual rates, fees and eligibility rules vary.