EMI calculator
Monthly instalment, interest and schedule for a loan.
Your inputs
Advanced settings
Paid along with the EMI to reduce the loan faster.
After a prepayment
Results
Generated on 11 Oct 2026
Your inputs
| Loan amount | ₹50,00,000 |
|---|---|
| Interest rate (per year) | 8.5% |
| Loan tenure | 20 years |
| Extra payment every month | ₹0 |
| After a prepayment | Shorten the tenure |
Monthly EMI
₹43,391
- Total interest
- ₹54,13,879
- Total payment
- ₹1,04,13,879
- Loan amount
- ₹50,00,000
- Principal₹50,00,000(48%)
- Total interest₹54,13,879(52%)
See how a different amount, return or period changes the result, side by side.
Year-by-year breakdown
| Year | EMI paid | Principal | Interest | Outstanding loan |
|---|---|---|---|---|
| 1 | ₹5,20,694 | ₹99,511 | ₹4,21,182 | ₹49,00,489 |
| 2 | ₹5,20,694 | ₹1,08,307 | ₹4,12,387 | ₹47,92,181 |
| 3 | ₹5,20,694 | ₹1,17,881 | ₹4,02,813 | ₹46,74,300 |
| 4 | ₹5,20,694 | ₹1,28,300 | ₹3,92,394 | ₹45,46,000 |
| 5 | ₹5,20,694 | ₹1,39,641 | ₹3,81,053 | ₹44,06,359 |
| 6 | ₹5,20,694 | ₹1,51,984 | ₹3,68,710 | ₹42,54,375 |
| 7 | ₹5,20,694 | ₹1,65,418 | ₹3,55,276 | ₹40,88,957 |
| 8 | ₹5,20,694 | ₹1,80,039 | ₹3,40,655 | ₹39,08,918 |
| 9 | ₹5,20,694 | ₹1,95,953 | ₹3,24,741 | ₹37,12,965 |
| 10 | ₹5,20,694 | ₹2,13,274 | ₹3,07,420 | ₹34,99,691 |
| 11 | ₹5,20,694 | ₹2,32,125 | ₹2,88,569 | ₹32,67,566 |
| 12 | ₹5,20,694 | ₹2,52,643 | ₹2,68,051 | ₹30,14,923 |
| 13 | ₹5,20,694 | ₹2,74,974 | ₹2,45,720 | ₹27,39,949 |
| 14 | ₹5,20,694 | ₹2,99,279 | ₹2,21,415 | ₹24,40,670 |
| 15 | ₹5,20,694 | ₹3,25,733 | ₹1,94,961 | ₹21,14,937 |
| 16 | ₹5,20,694 | ₹3,54,525 | ₹1,66,169 | ₹17,60,412 |
| 17 | ₹5,20,694 | ₹3,85,862 | ₹1,34,832 | ₹13,74,550 |
| 18 | ₹5,20,694 | ₹4,19,968 | ₹1,00,726 | ₹9,54,582 |
| 19 | ₹5,20,694 | ₹4,57,090 | ₹63,604 | ₹4,97,492 |
| 20 | ₹5,20,694 | ₹4,97,492 | ₹23,202 | ₹0 |
Amortisation schedule (month by month)
Assumptions and method
Formula
- EMI = P · i · (1 + i)^n / ((1 + i)^n − 1), i = r / 12
- Interest each month = outstanding × i (reducing balance)
Modelling notes
- i = r / 12 (reducing balance)
- EMI is paid at the end of each month.
- Prepayments are made right after that month’s EMI.
Not included
- Processing fees, insurance and rate changes on floating-rate loans.
This is an illustration at the rate you entered. Actual amounts depend on your bank's or lender's terms and future rate revisions.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
How it works
Your EMI (equated monthly instalment) is fixed, but its split changes: early EMIs are mostly interest, later ones mostly principal. Lenders in India compute interest monthly on the reducing balance at the yearly rate divided by 12.
Add prepayments, a one-off amount or an extra amount every month, and see how much interest and how many months you save, either by shortening the tenure or by lowering the EMI.
Frequently asked questions
Is it better to reduce tenure or EMI after prepaying?
Reducing the tenure saves more interest. Reducing the EMI eases monthly cash flow.
How is EMI calculated?
EMI = P × i × (1 + i)^n / ((1 + i)^n − 1), where P is the loan amount, i the yearly rate / 12 and n the number of months.
Are processing fees and insurance included?
No. Only principal and interest are included.