EMI Calculator
Calculate your loan EMI, total interest, and view detailed amortization schedule
Configure EMI
₹10,000 to ₹10 Crore
1% to 50% — covers everything from home loans to unsecured credit-card / money-lender rates
Results
Principal vs Interest Paid Per Year
How your EMI splits between principal repayment and interest over the loan tenure
Principal vs Interest Split
Overall breakup of total amount paid over 20 years
Year-by-Year Amortization Schedule
Detailed breakdown of principal, interest, and outstanding balance each year
| Year | Opening Balance | EMI Paid | Principal | Interest | Closing Balance |
|---|---|---|---|---|---|
| Year 1 | ₹50.00 L | ₹5.21 L | ₹99,511 | ₹4.21 L | ₹49.00 L |
| Year 2 | ₹49.00 L | ₹5.21 L | ₹1.08 L | ₹4.12 L | ₹47.92 L |
| Year 3 | ₹47.92 L | ₹5.21 L | ₹1.18 L | ₹4.03 L | ₹46.74 L |
| Year 4 | ₹46.74 L | ₹5.21 L | ₹1.28 L | ₹3.92 L | ₹45.46 L |
| Year 5 | ₹45.46 L | ₹5.21 L | ₹1.40 L | ₹3.81 L | ₹44.06 L |
| Year 6 | ₹44.06 L | ₹5.21 L | ₹1.52 L | ₹3.69 L | ₹42.54 L |
| Year 7 | ₹42.54 L | ₹5.21 L | ₹1.65 L | ₹3.55 L | ₹40.89 L |
| Year 8 | ₹40.89 L | ₹5.21 L | ₹1.80 L | ₹3.41 L | ₹39.09 L |
| Year 9 | ₹39.09 L | ₹5.21 L | ₹1.96 L | ₹3.25 L | ₹37.13 L |
| Year 10 | ₹37.13 L | ₹5.21 L | ₹2.13 L | ₹3.07 L | ₹35.00 L |
| Year 11 | ₹35.00 L | ₹5.21 L | ₹2.32 L | ₹2.89 L | ₹32.68 L |
| Year 12 | ₹32.68 L | ₹5.21 L | ₹2.53 L | ₹2.68 L | ₹30.15 L |
| Year 13 | ₹30.15 L | ₹5.21 L | ₹2.75 L | ₹2.46 L | ₹27.40 L |
| Year 14 | ₹27.40 L | ₹5.21 L | ₹2.99 L | ₹2.21 L | ₹24.41 L |
| Year 15 | ₹24.41 L | ₹5.21 L | ₹3.26 L | ₹1.95 L | ₹21.15 L |
| Year 16 | ₹21.15 L | ₹5.21 L | ₹3.55 L | ₹1.66 L | ₹17.60 L |
| Year 17 | ₹17.60 L | ₹5.21 L | ₹3.86 L | ₹1.35 L | ₹13.75 L |
| Year 18 | ₹13.75 L | ₹5.21 L | ₹4.20 L | ₹1.01 L | ₹9.55 L |
| Year 19 | ₹9.55 L | ₹5.21 L | ₹4.57 L | ₹63,604 | ₹4.97 L |
| Year 20 | ₹4.97 L | ₹5.21 L | ₹4.97 L | ₹23,202 | ₹0 |
Calculator results are for illustration purposes only. Actual returns may vary based on market conditions, fund performance, and other factors. Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. Past performance does not guarantee future returns.
What your EMI is really made of — and how to pay less interest
Every EMI you pay is split into two parts: interest on the outstanding loan, and repayment of the principal. In the early years that split is heavily tilted towards interest — on a typical 20-year home loan, a large share of your first years’ EMIs barely touches the principal. That is why two loans with the same EMI can cost wildly different amounts of total interest depending on the tenure.
This calculator gives you the EMI for any loan amount, rate and tenure, and — more usefully — the total interest you’ll pay and the amortization schedule showing how each instalment splits over time. Seeing that split is what makes the case for prepaying early: because early EMIs are mostly interest, a prepayment in year 1 removes far more total interest than the same amount in year 10.
How this calculator works
- 1Enter the loan amount, annual interest rate and tenure in years.
- 2The calculator applies the standard reducing-balance EMI formula and shows your monthly EMI.
- 3It also totals the interest over the life of the loan and breaks down the principal-vs-interest split year by year.
Frequently asked questions
How is EMI calculated?
EMI uses the reducing-balance formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12) and n is the number of months. Interest is charged only on the outstanding balance, so as principal reduces, the interest portion of each EMI falls and the principal portion rises.
Does prepayment reduce my EMI or my tenure?
Usually you choose. Most lenders let you either keep the EMI the same and shorten the tenure (which saves the most interest), or reduce the EMI and keep the tenure. Prepaying early in the loan saves far more interest than the same prepayment later, because early EMIs are mostly interest.
Is a longer tenure better because the EMI is lower?
A longer tenure lowers the monthly EMI but raises the total interest you pay, sometimes substantially, because you owe the balance for longer. A shorter tenure means a higher EMI but much less total interest. The right balance depends on what monthly outgo your budget can sustain comfortably.
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Illustrative only; actual EMIs depend on your lender’s rate, fees and terms.
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