Loan EMI calculator · free, no sign-up

EMI calculator for home, car and personal loans

Pick a loan type, change the amount, rate and tenure, and see the EMI, the total interest and every year of repayment. The maths runs in your browser.

Change the inputs

Home, car or personal loan

Pick a real-life loan preset, then see the EMI, total interest and every year of repayment.

Loan typeLoan amount

₹

Interest rate

Tenure

yrs

Transparent formulas. Estimates are education, not promises or insurance advice.

Your result

₹

Monthly EMI₹43,391

Total interest₹54.14 L

Total amount repaid₹1.04 Cr

Loan typeHome loan

The early years carry more interest because the unpaid loan is still large. Extra principal payments reduce that base.

Save it in Rupaylogy

Full year-wise schedule

See interest shrink and ownership grow.

20 years

Year	Opening	Principal paid	Interest paid	Closing
1	₹50.00 L	₹99,511	₹4.21 L	₹49.00 L
2	₹49.00 L	₹1.08 L	₹4.12 L	₹47.92 L
3	₹47.92 L	₹1.18 L	₹4.03 L	₹46.74 L
4	₹46.74 L	₹1.28 L	₹3.92 L	₹45.46 L
5	₹45.46 L	₹1.40 L	₹3.81 L	₹44.06 L
6	₹44.06 L	₹1.52 L	₹3.69 L	₹42.54 L
7	₹42.54 L	₹1.65 L	₹3.55 L	₹40.89 L
8	₹40.89 L	₹1.80 L	₹3.41 L	₹39.09 L
9	₹39.09 L	₹1.96 L	₹3.25 L	₹37.13 L
10	₹37.13 L	₹2.13 L	₹3.07 L	₹35.00 L
11	₹35.00 L	₹2.32 L	₹2.89 L	₹32.68 L
12	₹32.68 L	₹2.53 L	₹2.68 L	₹30.15 L
13	₹30.15 L	₹2.75 L	₹2.46 L	₹27.40 L
14	₹27.40 L	₹2.99 L	₹2.21 L	₹24.41 L
15	₹24.41 L	₹3.26 L	₹1.95 L	₹21.15 L
16	₹21.15 L	₹3.55 L	₹1.66 L	₹17.60 L
17	₹17.60 L	₹3.86 L	₹1.35 L	₹13.75 L
18	₹13.75 L	₹4.20 L	₹1.01 L	₹9.55 L
19	₹9.55 L	₹4.57 L	₹63,604	₹4.97 L
20	₹4.97 L	₹4.97 L	₹23,202	₹0

How this calculator works

EMI uses the standard reducing-balance formula: EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of months.
The year-wise table splits each year's payments into interest and principal. Early EMIs are mostly interest because the unpaid balance is still large.
Switching the loan type loads a realistic starting point: ₹50 lakh at 8.5% for 20 years for a home loan, ₹10 lakh at 9.5% for 7 years for a car, and ₹5 lakh at 13% for 5 years for a personal loan.

A worked example

A ₹50 lakh home loan at 8.5% for 20 years has an EMI of about ₹43,390. Over 240 months you repay about ₹1.04 crore, so roughly ₹54 lakh of that is interest.

Questions people ask

Does prepaying a home loan reduce the EMI or the tenure?

Most lenders let you choose. Keeping the EMI and cutting the tenure usually saves more interest. For floating-rate home loans taken by individuals, RBI rules do not allow prepayment penalties, but check your loan agreement.

Why is most of my early EMI going to interest?

Interest is charged on the outstanding balance. In the first years the balance is highest, so the interest part is biggest and the principal part is small. The schedule above shows the shift year by year.

Is this EMI the same as my bank's?

The formula is the one banks use. Your bank's figure can differ slightly because of rounding, processing fees, insurance bundled into the loan or a different interest reset date.

EMI calculator for home, car and personal loans

Home, car or personal loan

See interest shrink and ownership grow.

How this calculator works

A worked example

Questions people ask

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