EMI Calculator

Calculate your monthly loan EMI instantly. Adjust loan amount, interest rate, and tenure — see principal vs interest breakdown update in real time.

₹
₹50K₹1Cr
%
1%30%
1 yr30 yrs

EMI Breakdown

Monthly EMI

₹20,517

for 60 months

Total Interest
₹2,30,992
18.8% of total paid
Total Payment
₹12,30,992
Principal + interest
PRINCIPAL₹10.0L
Principal
Interest
Principal81.2%
₹10,00,000
Interest18.8%
₹2,30,992

About this tool

A fast, accurate EMI calculator for home loans, car loans, and personal loans. Enter a loan amount, annual interest rate, and tenure — the monthly EMI updates instantly as you type or drag the sliders. Quick preset chips let you jump to common amounts and rates without typing.

The donut chart and progress bars show the split between principal (the amount you borrowed) and interest (the cost of the loan). Toggle tenure between years and months for precise control. All calculations run in your browser — no data is sent to any server.

How to use

1

Enter the loan amount

Type the principal or drag the slider. Use the quick chips — ₹1L, ₹5L, ₹10L, ₹25L, ₹50L — to jump to common loan amounts instantly.

2

Set the interest rate

Enter the annual interest rate offered by your lender. Use the preset buttons for common home, car, or personal loan rates.

3

Choose the tenure

Toggle between years and months for precise control. Adjust the slider or type directly.

4

Read the results

The monthly EMI, total payment, and total interest update instantly. The donut chart shows the principal vs interest split.

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Frequently asked questions

Common questions about EMI calculation and loan repayment.

EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the principal loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly instalments. For a 0% interest rate, EMI is simply principal ÷ months.

Total Payment is the sum of all EMIs over the loan tenure. Total Interest is the extra amount you pay above the original loan — it equals Total Payment minus the principal. For example, borrowing ₹10L at 8.5% for 5 years costs about ₹2.3L in interest.

The donut chart and progress bars show what portion of your total repayment goes toward the original loan amount (principal) versus the cost of borrowing (interest). A longer tenure shifts more of the payment toward interest.

A shorter tenure means higher monthly EMIs but significantly less total interest paid. A longer tenure lowers the monthly burden but increases total interest cost. The ideal choice balances your monthly cash flow with your goal of minimising interest outgo.

Yes for reducing-balance loans — home loans, car loans, personal loans, and most bank loans in India use this method. This calculator does not apply to flat-rate or step-up EMI structures.