EMI Calculator
Use the calculator below to estimate monthly EMI for any loan. Adjust loan amount, interest rate, and tenure to see how each variable moves your monthly obligation and total interest cost.
By FinancePaisa Editorial Team · Research & editorialUpdated
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%
Compare lenders’ current rates on the loan rates page.
years
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Paid after every 12th EMI, with the EMI kept the same so the loan closes sooner.
What this means
Every ₹1 lakh you borrow costs ₹2,125 a month on these terms.
Your monthly EMI₹21,247
Principal 78%Interest 22%
Principal₹10.00 lakh
Total interest₹2.75 lakh
Total you repay₹12,74,823
Could you pay it off faster? Try the prepayment calculatorYear-by-year schedule
| Year | Principal paid | Interest paid | Split | Balance at year end |
|---|---|---|---|---|
| 1 | ₹1,62,268 | ₹92,696 | ₹8,37,732 | |
| 2 | ₹1,79,260 | ₹75,705 | ₹6,58,472 | |
| 3 | ₹1,98,031 | ₹56,934 | ₹4,60,442 | |
| 4 | ₹2,18,767 | ₹36,198 | ₹2,41,675 | |
| 5 | ₹2,41,675 | ₹13,290 | ₹0 |
- Year 1Balance ₹8,37,732Principal ₹1,62,268Interest ₹92,696
- Year 2Balance ₹6,58,472Principal ₹1,79,260Interest ₹75,705
- Year 3Balance ₹4,60,442Principal ₹1,98,031Interest ₹56,934
- Year 4Balance ₹2,41,675Principal ₹2,18,767Interest ₹36,198
- Year 5Balance ₹0Principal ₹2,41,675Interest ₹13,290
Figures use the standard reducing-balance method and are rounded to the nearest rupee. Your lender's schedule may differ slightly because of rounding and the date of your first EMI.
How to use this calculator
- Enter or slide the loan amount to your intended borrowing
- Set the annual interest rate (as offered by the bank)
- Choose a tenure that keeps EMI within 40% of your take-home
- Compare offers by keeping the tenure and rate constant
What the results mean
- Monthly EMI: what you pay each month
- Total interest: extra amount you pay beyond principal
- Total payment: EMI × tenure
Frequently asked questions
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