EMI Calculator
Calculate your monthly EMI for home, car, or personal loans.
Results
Monthly EMI
₹43,391
Total interest
₹54.14 L
Total payable
₹1.04 Cr
Amortization schedule
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹7,974 | ₹35,417 | ₹49,92,026 |
| 2 | ₹8,031 | ₹35,360 | ₹49,83,995 |
| 3 | ₹8,088 | ₹35,303 | ₹49,75,907 |
| 4 | ₹8,145 | ₹35,246 | ₹49,67,762 |
| 5 | ₹8,203 | ₹35,188 | ₹49,59,559 |
| 6 | ₹8,261 | ₹35,130 | ₹49,51,298 |
| 7 | ₹8,319 | ₹35,072 | ₹49,42,978 |
| 8 | ₹8,378 | ₹35,013 | ₹49,34,600 |
| 9 | ₹8,438 | ₹34,953 | ₹49,26,162 |
| 10 | ₹8,498 | ₹34,894 | ₹49,17,665 |
| 11 | ₹8,558 | ₹34,833 | ₹49,09,107 |
| 12 | ₹8,618 | ₹34,773 | ₹49,00,489 |
Track your loan balances in FlowTrack
Track your loan balances in FlowTrack and watch your liabilities shrink over time. Every payment you log is progress you can see.
Try FlowTrack free →This is an estimate for planning purposes only and does not constitute financial advice.
How is EMI calculated?
EMI (Equated Monthly Instalment) is the fixed monthly payment you make to repay a loan. It includes both principal repayment and interest. The standard formula uses the loan amount, interest rate, and tenure to calculate a fixed monthly payment that fully repays the loan by the end of the tenure.
In India, EMI calculations are crucial for home loans, car loans, personal loans, and education loans. Understanding your EMI helps you plan your monthly budget and determine how much loan you can comfortably afford. Banks typically recommend that your total EMIs should not exceed 40% of your monthly take-home income.
This calculator shows you the exact monthly payment, total interest cost, and a complete amortization schedule. You can see how much of each payment goes toward principal vs interest — in the early years, most of your EMI goes toward interest, which is why prepayments in the first few years save the most money.
Frequently asked questions
Related calculators
Loan Affordability Calculator
Find out how much loan you can afford based on your income.
Loan Prepayment Calculator
See how much you save by prepaying your loan — vs investing that money.
Debt Payoff Calculator
Compare avalanche vs snowball strategies to pay off debt faster.