Last updated: October 2026
Planning to take a home loan, car loan or personal loan? Our EMI calculator tells you exactly how much you'll pay every month — instantly. Just enter the loan amount, interest rate and tenure to see your EMI, total interest and complete amortisation schedule.
Loan offer ki details yahan enter karein.
Aapki monthly EMI
₹21,696
per month
Estimate based on a fixed interest rate and monthly reducing balance.
⚠️ Ye sirf estimate hai, financial advice nahi hai. Disclaimer padhein.
EMI = P × r × (1+r)n / ((1+r)n − 1)
Where P = principal loan amount, r = monthly interest rate (annual rate ÷ 12 ÷ 100), n = number of monthly instalments.
Example: ₹25 lakh home loan at 8.5% for 20 years → EMI ≈ ₹21,696/month, total interest ≈ ₹27.07 lakh. A shorter 15-year tenure raises EMI to ~₹24,618 but saves ~₹7.76 lakh in interest.
EMI (Equated Monthly Instalment) is the fixed amount you pay your lender every month towards loan repayment. It includes both principal and interest components.
Choose a longer tenure, negotiate a lower interest rate, or make a bigger down payment to reduce the principal. Our prepayment calculator shows how extra payments save interest.
Yes. In early years most of your EMI goes towards interest; later, more goes towards principal. The amortisation schedule in our calculator shows this split.
Yes — it uses the standard reducing-balance EMI formula used by all Indian banks. Final EMI may vary slightly with processing fees and bank-specific rounding.