EMI Calculator
Calculate monthly loan EMI, total interest payable, and full yearly amortization schedule.
Finance Engine
EMI Calculator
₹25,00,000
8.5%
20 Years (240 Months)
Monthly Loan EMI
₹21,696
Principal (48%)Interest (52%)
Principal Loan Amount:₹25,00,000
Total Interest Payable:₹27,06,939
Total Repayment Amount:₹52,06,939
Total Tenure Months:240 Months
Complete Repayment Schedule (20 Years Full Report)
How to Use the EMI Calculator
- Input your parameters in the fields or drag the interactive sliders.
- The algorithm updates the primary metric and schedules in real-time.
- Click “Copy Result” to copy structured values to your clipboard.
Calculation Formula
EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]
Where:
- P: Principal Loan Amount
- r: Monthly Interest Rate (Annual Rate / 12 / 100)
- n: Loan Tenure in Total Months (Years × 12)
Example Calculation
Home Loan of ₹25,00,000 at 8.5% annual interest for 20 years
Loan Amount: ₹25,00,000
Interest Rate: 8.5%
Tenure: 20 Years (240 Months)
Outcome: Monthly EMI: ₹21,696 | Total Interest: ₹27,06,939 | Total Repayment: ₹52,06,939
Using monthly reducing balance compounding, the monthly installment settles at ₹21,696 with the principal component increasing every year.
Important Assumptions
- Interest is calculated on a monthly reducing balance basis.
- Monthly interest rate equals Annual Rate / 1200.
- Repayments occur at standard regular monthly intervals without partial prepayments.
Frequently Asked Questions
How is loan EMI calculated?
EMI is computed using the reducing balance formula taking principal loan amount, monthly interest rate, and total monthly installments into account.
Does extending tenure increase total interest?
Yes. Longer loan tenures reduce your monthly installment amount but significantly increase overall compound interest paid across the lifetime of the loan.
What happens if interest rates change?
For floating-rate loans, an increase in benchmark interest rate generally increases the loan tenure or monthly EMI amount.
Important NoticeResults are estimates based on the inputs and mathematical assumptions shown on this page. Actual financial outcomes, loan approvals, and investment returns may vary based on product terms and market conditions.