Loan EMI Calculator

Enter your loan details to estimate your monthly EMI instantly.

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Loan details

Loan amount (INR)Whole rupees; commas optional. Max ₹10,00,00,00,00,000.

Interest rate (% p.a.)Annual %; decimals allowed

Tenure (years)Whole years; 1–60 when set

Monthly EMI₹10,258

Principal

Total interest

Principal₹5 L

Total interest₹1.2 L

Interest is about 19% of total repayment

Total payable

₹6.2 L

₹6,15,496

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PrincipalInterest

Year 1₹1,23,099Principal repaid ₹83,815. Interest ₹39,285.

Year 2₹1,23,099Principal repaid ₹91,223. Interest ₹31,876.

Year 3₹1,23,099Principal repaid ₹99,286. Interest ₹23,813.

Year 4₹1,23,099Principal repaid ₹1,08,062. Interest ₹15,037.

Year 5₹1,23,099Principal repaid ₹1,17,614. Interest ₹5,485.

How it is calculated

EMI is computed for a reducing-balance loan: each month you pay interest on the outstanding principal, and the rest of the EMI reduces the principal. The monthly rate r is the annual interest rate divided by 12 and expressed as a decimal. If the annual rate is zero, EMI is simply the loan amount divided by the number of months.

EMI=(P×r×(1 + r)ⁿ)/((1 + r)ⁿ−1)

EMI: Fixed amount you pay every month (principal + interest portions).
P: Principal loan amount (sanctioned amount in rupees).
r: Monthly interest rate: annual rate ÷ 12 ÷ 100 (e.g. 12% p.a. → r = 0.01).
n: Total number of monthly instalments (loan tenure in years × 12).

The yearly and monthly schedules on this page are built by applying this EMI each month: interest due = outstanding balance × r, principal repaid = EMI − interest, then the new balance drives the next month. Totals may differ slightly from your lender due to rounding, processing dates, or fees.