EMI Calculator
Free · Live calculation · Your data stays in your browser
Loan Details
Calculate your monthly EMI
Home loans: 8-10% · Personal: 11-15%
Loan Type
Your Monthly EMI
₹43,391
For 20 years at 8.5% per annum
Principal
₹50,00,000
Total Interest
₹54,13,879
Total Payment
₹1,04,13,879
First 5 Years Breakdown
How your EMI splits between principal and interest
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹99,511 | ₹4,21,182 | ₹49,00,489 |
| 2 | ₹1,08,307 | ₹4,12,387 | ₹47,92,181 |
| 3 | ₹1,17,881 | ₹4,02,813 | ₹46,74,300 |
| 4 | ₹1,28,300 | ₹3,92,394 | ₹45,46,000 |
| 5 | ₹1,39,641 | ₹3,81,053 | ₹44,06,359 |
Insight
You will pay ₹54,13,879 as interest — that's 108% extra over the principal. Consider prepaying early to save interest.
Pro Tip
- •Higher down payment = lower EMI. Aim for 20-30% down on home loans.
- •Total EMIs should stay under 40% of monthly income (FOIR rule).
- •Floating rate home loans usually have no prepayment penalty - use it!
What is EMI Calculator?
EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay a loan. Each EMI consists of principal and interest portions, with the proportion changing over time - early EMIs are mostly interest, later ones mostly principal. This calculator shows your EMI for home, car, personal, or any loan, plus the total interest you'll pay over the loan tenure.
How to Use
- 1Enter the loan amount
- 2Set the interest rate
- 3Choose the tenure in years
- 4Use loan type presets (Home/Car/Personal) for typical values
- 5See EMI, total interest, and 5-year amortization
Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N − 1]
Where: P=Principal, R=monthly rate, N=monthsFrequently Asked Questions
Total EMIs (all loans combined) should be under 40% of your monthly income (FOIR rule). Banks may allow up to 50-65% for home loans for higher earners. Don't max out - leave room for emergencies.