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Shravya Finlytics

EMI calculator

Work out the EMI on a home, car or personal loan, the total interest over its life, and how each year splits between principal and interest.

The instalment on a loan, and where it goes.

10,000–10,00,00,000
₹
5–24
%
1–30
years

Everything here is worked out in your browser. Nothing you type is sent to us or saved.

Monthly EMI

₹43,391

Total interest

₹54,13,879

108% of the amount borrowed

Total you repay

₹1,04,13,879

  • Principal₹50,00,000(48%)
  • Interest₹54,13,879(52%)
  • Principal
  • Interest
₹0₹2.0 L₹4.0 L13579111315171920
Each year of instalments, split between principal and interest. Hover or tab to a column to read its figures.
See the numbers
Each year of instalments, split between principal and interest.
YearPrincipalInterestTotal
1₹99,511₹4,21,182₹5,20,694
2₹1,08,307₹4,12,387₹5,20,694
3₹1,17,881₹4,02,813₹5,20,694
4₹1,28,300₹3,92,394₹5,20,694
5₹1,39,641₹3,81,053₹5,20,694
6₹1,51,984₹3,68,710₹5,20,694
7₹1,65,418₹3,55,276₹5,20,694
8₹1,80,039₹3,40,655₹5,20,694
9₹1,95,953₹3,24,741₹5,20,694
10₹2,13,274₹3,07,420₹5,20,694
11₹2,32,125₹2,88,569₹5,20,694
12₹2,52,643₹2,68,051₹5,20,694
13₹2,74,974₹2,45,720₹5,20,694
14₹2,99,279₹2,21,415₹5,20,694
15₹3,25,733₹1,94,961₹5,20,694
16₹3,54,525₹1,66,169₹5,20,694
17₹3,85,862₹1,34,832₹5,20,694
18₹4,19,968₹1,00,726₹5,20,694
19₹4,57,090₹63,604₹5,20,694
20₹4,97,492₹23,202₹5,20,694
  • In year one, ₹4,21,182 of your instalments is interest and ₹99,511 reduces the loan.
  • A longer term lowers the EMI and raises the total interest. Compare the total, not the instalment.
  • Processing fees, insurance sold with the loan and any rate change later are not included.

Common questions

Why is so much of an early EMI interest?

Interest is charged on what you still owe, which is almost the whole loan at the start. On a 20-year home loan the first year is mostly interest and the last year is almost entirely principal, even though the instalment never changes.

Does a lower EMI mean a cheaper loan?

No. Stretching a loan lowers the instalment and raises the total interest, often by a great deal. Compare total interest, not EMI.

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This is general information for education, not investment, tax or legal advice. Rules and rates change; check the official source before acting. Read the full disclaimer.