EMI calculator
Enter the loan amount, the annual interest rate and the tenure. The calculator returns the exact monthly instalment, the interest component, the total amount you will pay and a year-by-year amortisation table.
Monthly EMI
₹12,667.58
for 120 instalments
- Principal
- ₹10,00,000
- Total interest
- ₹5,20,109
- Total payment
- ₹15,20,109
- Interest as % of loan
- 52.0%
- Principal₹10.00 L · 65.8%
- Interest₹5.20 L · 34.2%
Year-wise payment schedule
| Year | Opening balance | Interest paid | Principal paid | Closing balance |
|---|---|---|---|---|
| Year 1 | ₹10.00 L | ₹87.38 K | ₹64.63 K | ₹9.35 L |
| Year 2 | ₹9.35 L | ₹81.31 K | ₹70.70 K | ₹8.65 L |
| Year 3 | ₹8.65 L | ₹74.68 K | ₹77.33 K | ₹7.87 L |
| Year 4 | ₹7.87 L | ₹67.43 K | ₹84.58 K | ₹7.03 L |
| Year 5 | ₹7.03 L | ₹59.49 K | ₹92.52 K | ₹6.10 L |
| Year 6 | ₹6.10 L | ₹50.81 K | ₹1.01 L | ₹5.09 L |
| Year 7 | ₹5.09 L | ₹41.32 K | ₹1.11 L | ₹3.98 L |
| Year 8 | ₹3.98 L | ₹30.94 K | ₹1.21 L | ₹2.77 L |
| Year 9 | ₹2.77 L | ₹19.58 K | ₹1.32 L | ₹1.45 L |
| Year 10 | ₹1.45 L | ₹7.16 K | ₹1.45 L | ₹0 |
How to use this calculator
Enter the loan amount, the annual interest rate and the tenure. The calculator returns the exact monthly instalment, the interest component, the total amount you will pay and a year-by-year amortisation table.
Free EMI calculator for home, car, personal and education loans in India. Enter the loan amount, interest rate and tenure in years or months to see the EMI, total interest and a year-wise schedule.
Frequently asked questions
Does the EMI change when the repo rate changes?+
On a floating-rate loan the lender either resets the EMI or stretches the tenure when rates move. On a fixed-rate loan the EMI stays the same for the agreed period.
Why is my early interest so high?+
Interest is charged on the outstanding balance, which is largest at the start. In year one of a long home loan most of each EMI is interest; the split reverses towards the end.