EMI calculator
See your monthly instalment, total interest and how the loan reduces each year. Move the sliders or type the numbers.
₹
₹1 lakh₹5 crore
% p.a.
6%20%
years
1 year30 years
Your monthly EMI
₹0
- Principal
- ₹0
- Total interest
- ₹0
- Total you repay
- ₹0
Indicative. Excludes processing fees, insurance and taxes.
Year-by-year repayment
Tap a year to see the monthly instalments.
| Year | Principal paid | Interest paid | Balance at year end |
|---|
How EMI is calculated
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of months.
In the early years most of each EMI goes towards interest. That is why part-prepayments and a lower rate through balance transfer save the most when made early.
Ways to reduce your EMI
- Improve your CIBIL score before applying to get a lower rate
- Choose a longer tenure (you pay more interest overall)
- Make a larger down payment
- Move to a lender with a lower rate
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