Loan EMI Calculator

Calculate the approximate monthly EMI, total interest and total repayment for a loan based on the loan amount, interest rate and repayment period.

Enter Loan Details

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Years
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Your EMI Estimate

Monthly EMI ₹0
Principal Amount ₹0
Total Interest ₹0
Total Amount Payable ₹0
Repayment Period 0 months
Principal vs Interest
Principal: 0%
Interest: 0%
Considering loan prepayment?

Calculate the potential interest and tenure savings with our Loan Prepayment Calculator →

Year-wise Repayment Schedule

See approximately how much principal and interest you repay during each year of the loan.

Year Opening Balance Principal Repaid Interest Paid Closing Balance

How Is EMI Calculated?

EMI stands for Equated Monthly Instalment. In a standard reducing-balance loan, each EMI contains both principal and interest.

During the initial part of the loan, a larger portion of the EMI generally goes towards interest. As the outstanding loan balance reduces, the interest component falls and a larger portion goes towards principal.

EMI depends mainly on three things:
Loan amount + Interest rate + Repayment period

What Happens If the Interest Rate Changes?

For a floating-rate loan, the interest rate may change during the loan period. Depending on the lender and loan terms, this may result in a change in the EMI, the remaining tenure, or both.

Important: This calculator provides an indicative estimate based on the information entered. Actual bank calculations may differ because of factors such as disbursement dates, interest-reset dates, rounding, moratoriums, fees, repayment frequency and product-specific terms.
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