EMI Calculator
Figure out the real monthly cost of any loan. Principal, interest split, and year-by-year payoff, in one clean view.
What is EMI?
An EMI (Equated Monthly Instalment) calculator tells you the fixed monthly amount you'll pay on any loan, and exactly how that payment splits between principal and interest across the full tenure.
P = loan amount, R = monthly rate (annual ÷ 12 ÷ 100), N = total months
Worked example
A ₹25,00,000 loan at 8.5% p.a. for 20 years works out to an EMI of about ₹21,696. Total interest over 20 years: ~₹27.07 lakh, more than the loan itself.
Frequently asked questions
How is EMI calculated?
EMI uses the reducing-balance formula above. Each month, interest is charged on the outstanding principal, so early EMIs are mostly interest, and later ones are mostly principal.
Does a lower rate or shorter tenure save more?
Both help, but tenure is usually the bigger lever. Cutting tenure by 5 years typically saves more than a 0.5% rate drop over the same loan. Use Compare above to see for yourself.
Can I prepay an EMI-based loan?
Yes. On floating-rate home loans, RBI mandates zero prepayment penalty. Even one extra EMI per year can shave years off the tenure.