Equated Monthly InstalmentEMI
EMI
Payment Engine.
Calculate your exact monthly instalment, total interest outgo, and full amortisation schedule for any loan in seconds.
ℹ
EMI Formula: EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ − 1], where P = Principal, r = monthly interest rate, n = total months. Works for home loans, car loans, personal loans, and more.
Loan Inputs
Currency
₹
%
Years
📅
Monthly EMI
₹17.36K
Per month payment
💰
Total Interest
₹21.66L
52% of total payment
🎯
Total Payment
₹41.66L
Over 20 years
💡
Every 0.25% reduction in interest rate on a ₹20.00L loan saves approximately ₹2.08K over the tenure. Negotiate rates before signing.
Amortisation Schedule
Principal
Interest
Principal vs Interest
Interest
52%
Smart Loan Tips
✓Prepay to save interest
✓Lower rate = big savings
✓Shorter tenure = less cost
Year-wise Repayment Ledger
YearPrincipalInterestBalance
Y1₹39.80K₹1.68L₹19.60L
Y2₹43.32K₹1.65L₹19.17L
Y3₹47.15K₹1.61L₹18.70L
Y4₹51.32K₹1.57L₹18.18L
Y5₹55.86K₹1.52L₹17.63L
Y6₹60.79K₹1.47L₹17.02L
Y7₹66.17K₹1.42L₹16.36L
Y8₹72.02K₹1.36L₹15.64L
Y9₹78.38K₹1.30L₹14.85L
Y10₹85.31K₹1.23L₹14.00L
Y11₹92.85K₹1.15L₹13.07L
Y12₹1.01L₹1.07L₹12.06L
Y13₹1.10L₹98.29K₹10.96L
Y14₹1.20L₹88.57K₹9.76L
Y15₹1.30L₹77.98K₹8.46L
Y16₹1.42L₹66.47K₹7.04L
Y17₹1.54L₹53.93K₹5.50L
Y18₹1.68L₹40.29K₹3.82L
Y19₹1.83L₹25.44K₹1.99L
Y20₹1.99L₹9.28K₹0
⚠
For illustration only. Actual EMI may vary based on bank processing fees, GST, and applicable charges. Please verify with your lending institution before making financial decisions.