Loan calculator

Loan EMI

Monthly EMI, total interest and payment on a loan. Adjust the sliders or type exact values — results update instantly.

Your inputs

Loan amount

Interest rate

Tenure

Monthly EMI

₹26,035

Principal amount₹30,00,000
Total interest₹32,48,327

Principal amount: ₹30,00,000
Total interest: ₹32,48,327
Total payment: ₹62,48,327

Results are estimates. They are based only on the values you enter and the assumptions listed below, and may differ from the figures your bank, lender or fund house provides.

How it works

How the Loan EMI calculator works

An EMI (Equated Monthly Instalment) is the fixed monthly payment you make to repay a loan, covering both principal and interest, over the loan tenure. This calculator uses the standard reducing-balance formula banks use in India for home loans, car loans, and personal loans.

Enter your loan amount, interest rate, and tenure to see your monthly EMI, the total interest you’ll pay over the life of the loan, and the total amount repaid (principal + interest).

For example, a ₹50L home loan at 8.5% over 20 years works out to an EMI of roughly ₹43,400/month — a total repayment of about ₹1.04Cr, of which ₹54.1L is interest, more than the loan amount itself.

FAQ

Frequently asked questions

How is EMI calculated?

EMI is calculated on a reducing balance basis: each instalment first covers the interest due on the outstanding principal, and the remainder reduces the principal. As the principal shrinks, more of each subsequent EMI goes toward principal repayment.

Does a longer tenure reduce my EMI?

Yes — spreading the same loan amount over a longer tenure lowers the monthly EMI, but increases the total interest paid over the life of the loan. A shorter tenure means a higher EMI but less total interest.

Can I reduce my total interest by prepaying the loan?

Yes, prepaying principal (a lump-sum payment against the loan) reduces the outstanding balance on which future interest is calculated, which can meaningfully cut down total interest paid — especially if done early in the loan tenure.

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