Estimate monthly EMI, total interest and total payment for a home loan.
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EMI Calculator – Loan EMI Calculator
Quick answer
For Loan EMI: if loan amount is ₹10,00,000, annual interest is 9% and tenure is 120 months, the monthly EMI is ₹12,667.58, the total interest is ₹5,20,109.29 and the total payment is ₹15,20,109.29.
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1 month360 months
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Monthly EMI
₹12,667.58
The fixed amount you repay every period until the loan is fully cleared — it stays the same even though the interest and principal portions inside it shift over time.
34% is total interest
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Monthly EMI by loan amount
If loan amount goes from ₹10,00,000 to ₹15,00,000, monthly EMI changes from ₹12,667.58 to ₹19,001.37 (+50%).
| Loan amount | Monthly EMI |
|---|---|
| ₹5,00,000 | ₹6,333.79 |
| ₹7,50,000 | ₹9,500.68 |
| ₹10,00,000start | ₹12,667.58 |
| ₹15,00,000 | ₹19,001.37 |
| ₹20,00,000 | ₹25,335.15 |
Monthly EMI by annual interest
If annual interest goes from 9% to 13.5%, monthly EMI changes from ₹12,667.58 to ₹15,227.43 (+20%).
| Annual interest | Monthly EMI |
|---|---|
| 4.5% | ₹10,363.84 |
| 6.75% | ₹11,482.41 |
| 9%start | ₹12,667.58 |
| 13.5% | ₹15,227.43 |
| 18% | ₹18,018.52 |
Monthly EMI by tenure
If tenure goes from 120 months to 180 months, monthly EMI changes from ₹12,667.58 to ₹10,142.67 (−20%).
| Tenure | Monthly EMI |
|---|---|
| 60 months | ₹20,758.36 |
| 90 months | ₹15,319.89 |
| 120 monthsstart | ₹12,667.58 |
| 180 months | ₹10,142.67 |
| 240 months | ₹8,997.26 |
LOAN GUIDELoan EMI Calculator
Loan EMI Calculator
Know Your Number Before You Borrow.
Understand what a loan EMI is, how it’s calculated, and how it helps you plan a home, car, personal or business loan with confidence.
Plan smarter
Know your EMI before you borrow
Compare better
See how tenure and rate change the cost
Borrow with confidence
Make informed repayment decisions
Your 4 Simple Steps to Calculate Loan EMI
1
Enter Loan Amount
Input the total amount you wish to borrow
2
Select Loan Tenure
Choose your preferred repayment period
3
Enter Interest Rate
Provide the expected annual interest rate
4
View Your Results
Get your EMI, total interest and total payment instantly
Take the first step
Plan your next loan with confidence!
What is Loan EMI?
Loan EMI (Equated Monthly Installment) is the fixed amount you pay every month towards your loan. It includes a part of the principal amount and the interest charged on the outstanding balance.
“One fixed monthly payment that steadily brings your loan closer to zero.”
EMI Formula
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1)
- P
- = Principal loan amount (₹)
- r
- = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
- n
- = Loan tenure in months
- EMI
- = Your monthly installment (₹)
Interest is charged only on the outstanding balance and is recalculated every month.
Key Factors That Affect EMI
Your loan EMI depends on three main factors:
Loan Amount
A higher principal leads to a higher EMI.
Loan Tenure
A longer tenure lowers EMI, but increases total interest paid.
Interest Rate
A higher rate increases EMI and total cost, a lower rate reduces it.
Example Result Summary
Here’s what you can expect from a loan EMI calculation:
- Loan Amount
- ₹ 25,00,000
- Interest Rate (p.a.)
- 9.0%
- Loan Tenure
- 15 years
- Monthly EMI
- ₹ 25,357
- Total Interest
- ₹ 20,64,200
- Total Amount Payable
- ₹ 45,64,200
Plan your finances better
See a clear view of your repayment journey before you borrow.
Sample Amortization Schedule
Here’s a snapshot of how your payments are distributed over time:
| Month | EMI (₹) | Principal (₹) | Interest (₹) | Outstanding Balance (₹) |
|---|---|---|---|---|
| 1 | 25,357 | 6,607 | 18,750 | 24,93,393 |
| 2 | 25,357 | 6,656 | 18,700 | 24,86,737 |
| 3 | 25,357 | 6,706 | 18,651 | 24,80,031 |
| 4 | 25,357 | 6,756 | 18,600 | 24,73,275 |
| 5 | 25,357 | 6,807 | 18,550 | 24,66,467 |
| … | … | … | … | … |
Based on ₹25,00,000 at 9.0% p.a. for 15 years. Actual schedules vary by lender.
Why Calculate Your Loan EMI?
A loan EMI calculator helps you:
Plan your budget
Know your monthly outflow and manage finances better.
Check affordability
Understand what you can comfortably repay.
Compare loan options
Evaluate different amounts, tenures and interest rates.
Make better decisions
Choose a loan that fits your long-term goals.
How EMI Helps in Your Borrowing Journey
Understanding your EMI is more than just a number — it helps you plan the entire borrowing journey.
- 1
Set a realistic budget
Know how much you can afford without stretching your finances.
- 2
Choose the right loan
Match the amount and tenure to what you actually need.
- 3
Plan for the long term
See the impact of tenure and rate on your total cost.
- 4
Move forward with confidence
Make an informed decision and take the next step.
A well-planned EMI today leads to a more secure financial tomorrow.
Shorter Tenure vs Longer Tenure
A shorter tenure means higher EMIs but lower total interest. A longer tenure reduces your monthly burden but increases the total interest paid.
Shorter Tenure (5 Years)
- Loan Amount
- ₹ 10,00,000
- Interest Rate (p.a.)
- 9.0%
- Monthly EMI
- ₹ 20,758
- Total Interest
- ₹ 2,45,501
Higher EMI, lower total interest.
You become debt-free sooner.
Longer Tenure (20 Years)
- Loan Amount
- ₹ 10,00,000
- Interest Rate (p.a.)
- 9.0%
- Monthly EMI
- ₹ 8,997
- Total Interest
- ₹ 11,59,342
Lower EMI, higher total interest.
Smaller monthly outgo, more paid over time.
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