EMI Calculator
Monthly EMI, total interest and a full amortisation schedule for home, car and personal loans.
Your first EMI is 82% interest. From EMI 143 (year 12), more of each payment repays the loan than pays interest.
Explore your repayment schedule ↓Repayment schedule
| Year | Principal | Interest | Total paid | Balance |
|---|---|---|---|---|
| 1 | ₹49,756 | ₹2,10,591 | ₹2,60,347 | ₹24,50,244 |
| 2 | ₹54,154 | ₹2,06,193 | ₹2,60,347 | ₹23,96,091 |
| 3 | ₹58,940 | ₹2,01,407 | ₹2,60,347 | ₹23,37,150 |
| 4 | ₹64,150 | ₹1,96,197 | ₹2,60,347 | ₹22,73,000 |
| 5 | ₹69,820 | ₹1,90,527 | ₹2,60,347 | ₹22,03,180 |
| 6 | ₹75,992 | ₹1,84,355 | ₹2,60,347 | ₹21,27,188 |
| 7 | ₹82,709 | ₹1,77,638 | ₹2,60,347 | ₹20,44,479 |
| 8 | ₹90,020 | ₹1,70,327 | ₹2,60,347 | ₹19,54,459 |
| 9 | ₹97,977 | ₹1,62,370 | ₹2,60,347 | ₹18,56,482 |
| 10 | ₹1,06,637 | ₹1,53,710 | ₹2,60,347 | ₹17,49,846 |
| 11 | ₹1,16,063 | ₹1,44,284 | ₹2,60,347 | ₹16,33,783 |
| 12 | ₹1,26,321 | ₹1,34,026 | ₹2,60,347 | ₹15,07,462 |
| 13 | ₹1,37,487 | ₹1,22,860 | ₹2,60,347 | ₹13,69,974 |
| 14 | ₹1,49,640 | ₹1,10,707 | ₹2,60,347 | ₹12,20,335 |
| 15 | ₹1,62,866 | ₹97,480 | ₹2,60,347 | ₹10,57,468 |
| 16 | ₹1,77,262 | ₹83,085 | ₹2,60,347 | ₹8,80,206 |
| 17 | ₹1,92,931 | ₹67,416 | ₹2,60,347 | ₹6,87,275 |
| 18 | ₹2,09,984 | ₹50,363 | ₹2,60,347 | ₹4,77,291 |
| 19 | ₹2,28,545 | ₹31,802 | ₹2,60,347 | ₹2,48,746 |
| 20 | ₹2,48,746 | ₹11,601 | ₹2,60,347 | ₹0 |
How EMI is calculated
Banks in India use the reducing-balance method: EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of monthly instalments.
Early EMIs are mostly interest; as the balance falls, more of each EMI goes to principal. That's why prepaying early in the loan saves the most interest. See how much in the prepayment calculator.
Estimates only, not financial advice. Your bank's or fund's actual figures can differ (rounding, fees, taxes, date conventions). Calculated in your browser; nothing you enter is sent anywhere.