EMI Calculator
Most Popular100% Free & AuthoritativeCalculate your exact monthly Equated Monthly Instalment (EMI), total interest, and complete repayment breakdown for home, car, or personal loans.
Enter Values
The total amount you want to borrow.
Lender interest rate per annum.
Duration over which you will repay the loan.
At 9.0% annual interest over 5 years, your monthly EMI is ₹20,758. You will repay ₹12.45 Lakh in total, of which ₹2.45 Lakh (19.7%) is interest.
Total Repayment Breakdown
Yearly Repayment Schedule
Understanding Your Result
Every monthly EMI of ₹20,758 pays off a portion of your principal and accrued interest. In earlier years, interest constitutes a larger fraction of your payment, while towards the end, payments go predominantly toward reducing principal balance.
Assumptions Applied
- Interest rate remains fixed throughout the loan tenure.
- No prepayment, loan processing fees, or foreclosure penalties are included.
- All EMIs are paid punctually on the monthly due date.
Important Caveats
- Floating rate loans may fluctuate over time as central bank benchmark repo rates change.
- Banks may levy an upfront processing fee (usually 0.5% - 2% + GST).
Mathematical Formula Used
Standard reducing-balance monthly loan compounding formula.
Frequently Asked Questions
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