Loan calculator — personal & home
Pick the loan type, then enter the amount, interest rate and tenure. Add an optional part-payment every year to see how many years come off the loan and how much interest you avoid.
Home loan EMI
₹43,391.16
per month for 20 years
- Loan amount
- ₹50,00,000
- Total interest
- ₹54,13,879
- Total payment
- ₹1,04,13,879
- Loan closes in
- 20y 0m
- Principal₹50.00 L · 48.0%
- Interest₹54.14 L · 52.0%
Year-wise amortisation schedule
| Year | Opening balance | Interest | Principal | Part-payment | Closing balance |
|---|---|---|---|---|---|
| Year 1 | ₹50.00 L | ₹4.21 L | ₹99.51 K | — | ₹49.00 L |
| Year 2 | ₹49.00 L | ₹4.12 L | ₹1.08 L | — | ₹47.92 L |
| Year 3 | ₹47.92 L | ₹4.03 L | ₹1.18 L | — | ₹46.74 L |
| Year 4 | ₹46.74 L | ₹3.92 L | ₹1.28 L | — | ₹45.46 L |
| Year 5 | ₹45.46 L | ₹3.81 L | ₹1.40 L | — | ₹44.06 L |
| Year 6 | ₹44.06 L | ₹3.69 L | ₹1.52 L | — | ₹42.54 L |
| Year 7 | ₹42.54 L | ₹3.55 L | ₹1.65 L | — | ₹40.89 L |
| Year 8 | ₹40.89 L | ₹3.41 L | ₹1.80 L | — | ₹39.09 L |
| Year 9 | ₹39.09 L | ₹3.25 L | ₹1.96 L | — | ₹37.13 L |
| Year 10 | ₹37.13 L | ₹3.07 L | ₹2.13 L | — | ₹35.00 L |
| Year 11 | ₹35.00 L | ₹2.89 L | ₹2.32 L | — | ₹32.68 L |
| Year 12 | ₹32.68 L | ₹2.68 L | ₹2.53 L | — | ₹30.15 L |
| Year 13 | ₹30.15 L | ₹2.46 L | ₹2.75 L | — | ₹27.40 L |
| Year 14 | ₹27.40 L | ₹2.21 L | ₹2.99 L | — | ₹24.41 L |
| Year 15 | ₹24.41 L | ₹1.95 L | ₹3.26 L | — | ₹21.15 L |
| Year 16 | ₹21.15 L | ₹1.66 L | ₹3.55 L | — | ₹17.60 L |
| Year 17 | ₹17.60 L | ₹1.35 L | ₹3.86 L | — | ₹13.75 L |
| Year 18 | ₹13.75 L | ₹1.01 L | ₹4.20 L | — | ₹9.55 L |
| Year 19 | ₹9.55 L | ₹63.60 K | ₹4.57 L | — | ₹4.97 L |
| Year 20 | ₹4.97 L | ₹23.20 K | ₹4.97 L | — | ₹0 |
How to use this calculator
Pick the loan type, then enter the amount, interest rate and tenure. Add an optional part-payment every year to see how many years come off the loan and how much interest you avoid.
Free home loan and personal loan calculator for India. Work out the monthly EMI, total interest, year-wise amortisation schedule and how much a yearly part-payment saves.
Frequently asked questions
How is an EMI calculated?+
EMIs use the reducing-balance formula E = P × r × (1+r)^n ÷ ((1+r)^n − 1), where r is the monthly interest rate and n the number of instalments. Interest each month is charged only on the outstanding balance.
Does a part-payment really help?+
Yes — every rupee prepaid removes future interest on it. One extra EMI a year on a 20-year home loan typically cuts three to four years off the tenure.