EMI Calculator
Calculate your loan EMI instantly — see monthly payments, total interest, and a full year-by-year amortisation schedule.
Results
Monthly EMI
₹ 20,517
EMI calculated using the standard reducing-balance formula. Actual EMI may vary by lender.
How it works
EMI Formula
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ−1). P = principal, r = monthly rate, n = months.
Reducing Balance
Interest is charged only on the outstanding principal each month, so the interest component reduces over time.
Principal vs Interest
Early EMIs are mostly interest. As tenure progresses, the principal component grows and interest shrinks.
Plan Your Loan Repayment Effectively
Our EMI calculator uses the standard reducing-balance method to give you an accurate monthly instalment figure for home loans, personal loans, car loans, and business loans. Adjust the sliders in real time to instantly see how changes in loan amount, interest rate, or tenure affect your monthly outflow and total interest paid.
Real-time Sliders
Drag the sliders to instantly update your EMI — no need to click Calculate.
Principal vs Interest
Visual bar shows how much of your total repayment is interest vs principal.
Year-wise Schedule
Full amortisation table breaking down each year's principal, interest, and balance.
Tenure Flexibility
Switch between years and months to model short and long-term loans accurately.
Frequently Asked Questions
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