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EMI Calculator
Enter the loan amount, interest rate and tenure to see the EMI and how it splits into principal and interest.
Monthly EMI₹20,758For 5 years at 9% a year.
- Total interest
- ₹2,45,507
- Total payment
- ₹12,45,507
- Interest share
- 19.7%
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹20,758 | ₹13,258 | ₹7,500 | ₹9,86,742 |
| 2 | ₹20,758 | ₹13,357 | ₹7,401 | ₹9,73,385 |
| 3 | ₹20,758 | ₹13,458 | ₹7,300 | ₹9,59,927 |
| 4 | ₹20,758 | ₹13,559 | ₹7,199 | ₹9,46,368 |
| 5 | ₹20,758 | ₹13,660 | ₹7,098 | ₹9,32,708 |
| 6 | ₹20,758 | ₹13,763 | ₹6,995 | ₹9,18,945 |
| 7 | ₹20,758 | ₹13,866 | ₹6,892 | ₹9,05,080 |
| 8 | ₹20,758 | ₹13,970 | ₹6,788 | ₹8,91,110 |
| 9 | ₹20,758 | ₹14,075 | ₹6,683 | ₹8,77,035 |
| 10 | ₹20,758 | ₹14,180 | ₹6,578 | ₹8,62,855 |
| 11 | ₹20,758 | ₹14,287 | ₹6,471 | ₹8,48,568 |
| 12 | ₹20,758 | ₹14,394 | ₹6,364 | ₹8,34,174 |
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹1,65,826 | ₹83,270 | ₹8,34,174 |
| 2 | ₹1,81,381 | ₹67,715 | ₹6,52,793 |
| 3 | ₹1,98,396 | ₹50,700 | ₹4,54,397 |
| 4 | ₹2,17,007 | ₹32,089 | ₹2,37,390 |
| 5 | ₹2,37,390 | ₹11,732 | ₹0 |
| Total | ₹10,00,000 | ₹2,45,507 |
Reducing-balance method, as banks use. The EMI is rounded to the rupee, so the last instalment is ₹20,785 and 60 instalments add up to exactly ₹12,45,507. Processing fees, insurance and prepayment charges are not included.
How it is calculated
- EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the loan, r the monthly rate (yearly rate ÷ 12) and n the number of months.
- Each month's interest is the outstanding balance × r; the rest of the EMI reduces the balance.
- Total interest is the sum of all the monthly interest. Processing fees and insurance are not included.
- Home-loan interest can be claimed under section 24(b) and the principal under 80C in the old regime.
Indicative only. Rules change every year; we confirm before filing.
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