EMI Calculator
CalculatorCalculate monthly EMI for home, car, and personal loans.
= 60 months
₹10,258.27
₹6,15,496
₹1,15,496
Amortization Schedule(60 months total)
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹6,716.60 | ₹3,541.67 | ₹4,93,283 |
| 2 | ₹6,764.17 | ₹3,494.09 | ₹4,86,519 |
| 3 | ₹6,812.09 | ₹3,446.18 | ₹4,79,707 |
| 4 | ₹6,860.34 | ₹3,397.93 | ₹4,72,847 |
| 5 | ₹6,908.93 | ₹3,349.33 | ₹4,65,938 |
| 6 | ₹6,957.87 | ₹3,300.39 | ₹4,58,980 |
| 7 | ₹7,007.16 | ₹3,251.11 | ₹4,51,973 |
| 8 | ₹7,056.79 | ₹3,201.47 | ₹4,44,916 |
| 9 | ₹7,106.78 | ₹3,151.49 | ₹4,37,809 |
| 10 | ₹7,157.12 | ₹3,101.15 | ₹4,30,652 |
| 11 | ₹7,207.81 | ₹3,050.45 | ₹4,23,444 |
| 12 | ₹7,258.87 | ₹2,999.40 | ₹4,16,185 |
How to use EMI Calculator
- 1Enter the loan principal amount (the amount you're borrowing).
- 2Enter the annual interest rate offered by your bank or lender.
- 3Select the loan tenure in months or years.
- 4View your monthly EMI, total payable, and total interest instantly. The amortization table shows the full repayment schedule.
Frequently Asked Questions
About EMI Calculator
An Equated Monthly Installment, or EMI, is the fixed payment you make to a lender every month until a loan is fully repaid. Each EMI is made up of two parts: interest on the outstanding balance and a portion of the principal. In the early months, most of your payment goes towards interest; as the balance shrinks, a growing share goes towards the principal. Understanding this split before you borrow helps you see the true cost of a loan rather than just the headline monthly figure.
Three variables determine your EMI: the loan amount (principal), the interest rate, and the tenure. Raising the tenure lowers each monthly payment but increases the total interest you pay over the life of the loan — sometimes dramatically. This calculator shows not only the monthly EMI but the total interest and total repayment, so you can weigh a comfortable monthly figure against the long-term cost and choose a tenure that genuinely suits your budget.
The full amortisation breakdown is where the real insight lies. By seeing how the principal and interest components shift month by month, you can evaluate strategies like making a lump-sum prepayment early in the loan, when it saves the most interest. Whether you are comparing home loan offers, sizing a car loan, or planning a personal loan, running the numbers first puts you in control of the conversation with your lender.