₹12,668
Monthly EMI
120 monthly payments
Loan EMI Calculator
Understand your loan repayments
one month at a time
Estimate your equated monthly instalment from your loan amount, interest rate and tenure. See how each payment repays principal and interest, and how much you repay over the life of the loan.
- Estimate your
monthly EMI - Understand your
interest costs - Explore your
repayment tenure
Your Loan Details
₹
₹10,000₹10,00,00,000
%
0 %30 %
years
1 years40 years
Your Results (Estimated)
₹5,20,109
Total Interest
Interest over the loan tenure
₹15,20,109
Total Repayment
After 10 years
Principal vs Interest Over 10 Years
Cumulative principal repaidCumulative interest paid
Year-wise Repayment Breakdown
| Year | Principal Repaid | Interest Paid | Total Repayment | Outstanding Balance |
|---|---|---|---|---|
| 1 | ₹64,634 | ₹87,377 | ₹1,52,011 | ₹9,35,366 |
| 2 | ₹70,697 | ₹81,314 | ₹1,52,011 | ₹8,64,669 |
| 3 | ₹77,329 | ₹74,682 | ₹1,52,011 | ₹7,87,340 |
| 4 | ₹84,583 | ₹67,428 | ₹1,52,011 | ₹7,02,757 |
| 5 | ₹92,517 | ₹59,494 | ₹1,52,011 | ₹6,10,240 |
| 6 | ₹1,01,196 | ₹50,815 | ₹1,52,011 | ₹5,09,044 |
| 7 | ₹1,10,689 | ₹41,322 | ₹1,52,011 | ₹3,98,355 |
| 8 | ₹1,21,072 | ₹30,939 | ₹1,52,011 | ₹2,77,282 |
| 9 | ₹1,32,430 | ₹19,581 | ₹1,52,011 | ₹1,44,853 |
| 10 | ₹1,44,853 | ₹7,158 | ₹1,52,011 | ₹0 |
Estimate assumes a fixed 9% annual interest rate on a monthly reducing balance, with payments at month-end. Fees, insurance, rate changes and prepayments are excluded. Calculations use unrounded amounts; displayed rupee values are rounded. Your lender’s repayment schedule may differ.
How Loan EMI Works
A fixed monthly payment gradually clears your loan using a reducing-balance calculation.
Enter your loan
Set the amount you plan to borrow.
Set the interest rate
Enter the annual loan interest percentage.
Choose the tenure
Select how many years you will repay for.
Review repayments
Compare your monthly EMI and total interest.
EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ − 1). Here, P is the principal, r is the annual interest percentage divided by 1,200, and n is the total number of monthly payments. At zero interest, the principal is divided equally across those payments.
Principal vs Interest
Principal is the amount you borrow; interest is the cost of borrowing. With a fixed-rate EMI, the total monthly payment stays constant while its split changes. Interest is charged on the remaining balance, so earlier payments contain more interest and later payments repay more principal.
The chart compares cumulative principal repaid with cumulative interest paid. The year-wise table shows each year’s principal, interest, total repayment and closing outstanding balance. Total repayment equals the original loan amount plus total interest.
Frequently Asked Questions
What is a loan EMI?
An equated monthly instalment (EMI) is a regular loan payment that includes both principal and interest. This calculator estimates a constant monthly payment for the amount, annual interest rate and tenure you enter.
How is the monthly EMI calculated?
EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ − 1), where P is the loan amount, r is the annual interest percentage divided by 1,200, and n is the tenure in years multiplied by 12. At 0% interest, EMI equals the loan amount divided by the number of months.
Does a longer tenure reduce my EMI?
For the same loan amount and a positive fixed interest rate, a longer tenure reduces the monthly EMI but increases total interest paid. Change the tenure to compare both the monthly payment and the overall repayment.
Why does the principal and interest split change?
Each month, interest is calculated on the outstanding principal. As the balance falls, less of the fixed EMI goes towards interest and more goes towards repaying principal.
Can I use this for home, car and personal loans?
You can model loans repaid through equal monthly instalments on a monthly reducing balance. The estimate assumes a fixed rate throughout the tenure; it does not model flat-rate loans, interest-only periods or balloon payments.
Are fees, prepayments and floating rates included?
No. Processing fees, insurance, taxes, prepayments and rate changes are excluded. Lender rounding and payment dates can also change the actual schedule. The table shows successive 12-payment years, not calendar or financial years.
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