EMI Calculator
Estimate monthly repayments and see what extra payments could save.
Results are estimates for illustration only and are not financial, tax or investment advice. Disclaimer
Explore a different amount, period or rate alongside your current plan.
Your inputs
Range ₹1L to ₹1Cr
Range 6% to 18%
Range 1 year to 30 years
Exact duration: 240 months. Year values are rounded to the nearest whole month.
Advanced
Monthly EMI: ₹22,493. Interest saved: ₹0.
Results
Monthly EMI
₹22,493
Total repayment
₹53,98,356
Loan principal
₹25,00,000
Total interest
₹28,98,356
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Annual repayments and prepayments
EMI repayment schedule
Open a year to see each EMI, extra payment and balance left. Regular instalments exclude the separate prepayment column.
| Year / month | Regular instalments | EMI principal | Interest | Prepayment | Balance left |
|---|---|---|---|---|---|
| ₹2,69,918 | ₹46,818 | ₹2,23,100 | ₹0 | ₹24,53,182 | |
| Month 1 | ₹22,493 | ₹3,743 | ₹18,750 | ₹0 | ₹24,96,257 |
| Month 2 | ₹22,493 | ₹3,771 | ₹18,722 | ₹0 | ₹24,92,486 |
| Month 3 | ₹22,493 | ₹3,800 | ₹18,694 | ₹0 | ₹24,88,686 |
| Month 4 | ₹22,493 | ₹3,828 | ₹18,665 | ₹0 | ₹24,84,858 |
| Month 5 | ₹22,493 | ₹3,857 | ₹18,636 | ₹0 | ₹24,81,001 |
| Month 6 | ₹22,493 | ₹3,886 | ₹18,608 | ₹0 | ₹24,77,116 |
| Month 7 | ₹22,493 | ₹3,915 | ₹18,578 | ₹0 | ₹24,73,201 |
| Month 8 | ₹22,493 | ₹3,944 | ₹18,549 | ₹0 | ₹24,69,257 |
| Month 9 | ₹22,493 | ₹3,974 | ₹18,519 | ₹0 | ₹24,65,283 |
| Month 10 | ₹22,493 | ₹4,004 | ₹18,490 | ₹0 | ₹24,61,280 |
| Month 11 | ₹22,493 | ₹4,034 | ₹18,460 | ₹0 | ₹24,57,246 |
| Month 12 | ₹22,493 | ₹4,064 | ₹18,429 | ₹0 | ₹24,53,182 |
| ₹2,69,918 | ₹51,210 | ₹2,18,708 | ₹0 | ₹24,01,973 | |
| ₹2,69,918 | ₹56,013 | ₹2,13,904 | ₹0 | ₹23,45,959 | |
| ₹2,69,918 | ₹61,268 | ₹2,08,650 | ₹0 | ₹22,84,691 | |
| ₹2,69,918 | ₹67,015 | ₹2,02,903 | ₹0 | ₹22,17,676 | |
| ₹2,69,918 | ₹73,302 | ₹1,96,616 | ₹0 | ₹21,44,375 | |
| ₹2,69,918 | ₹80,178 | ₹1,89,740 | ₹0 | ₹20,64,197 | |
| ₹2,69,918 | ₹87,699 | ₹1,82,219 | ₹0 | ₹19,76,498 | |
| ₹2,69,918 | ₹95,926 | ₹1,73,992 | ₹0 | ₹18,80,572 | |
| ₹2,69,918 | ₹1,04,924 | ₹1,64,993 | ₹0 | ₹17,75,647 | |
| ₹2,69,918 | ₹1,14,767 | ₹1,55,151 | ₹0 | ₹16,60,880 | |
| ₹2,69,918 | ₹1,25,533 | ₹1,44,385 | ₹0 | ₹15,35,347 | |
| ₹2,69,918 | ₹1,37,309 | ₹1,32,609 | ₹0 | ₹13,98,038 | |
| ₹2,69,918 | ₹1,50,189 | ₹1,19,728 | ₹0 | ₹12,47,849 | |
| ₹2,69,918 | ₹1,64,278 | ₹1,05,640 | ₹0 | ₹10,83,571 | |
| ₹2,69,918 | ₹1,79,689 | ₹90,229 | ₹0 | ₹9,03,882 | |
| ₹2,69,918 | ₹1,96,545 | ₹73,373 | ₹0 | ₹7,07,338 | |
| ₹2,69,918 | ₹2,14,982 | ₹54,936 | ₹0 | ₹4,92,356 | |
| ₹2,69,918 | ₹2,35,149 | ₹34,769 | ₹0 | ₹2,57,207 | |
| ₹2,69,918 | ₹2,57,207 | ₹12,711 | ₹0 | ₹0 | |
| Loan totals | ₹53,98,356 | ₹25,00,000 | ₹28,98,356 | ₹0 | ₹0 |
Amounts are rounded to the nearest rupee for display. Year and loan totals use full-precision values, so adding rounded monthly rows may differ slightly. Regular instalments plus prepayments equal total repayment; EMI principal plus prepayments equal the loan amount.
How this estimate works
- A reducing-balance loan with a fixed interest rate and monthly repayments is assumed. Monthly interest is the annual rate divided by 12.
- The final instalment adjusts to clear the outstanding balance. Processing fees, insurance, taxes and rate changes are excluded.
- Extra payments are applied after the chosen month’s EMI, with yearly payments after each 12th EMI. Coinciding payments are combined and capped at the remaining balance.
- Reduce tenure keeps the initial EMI. Reduce EMI recalculates it after each extra payment over the original remaining months. Interest and months saved are compared with the same loan without extras.
Saved calculations
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How the EMI calculator works
An EMI (equated monthly instalment) is the fixed monthly payment that repays a loan with interest over its tenure. The interest share falls as the outstanding principal is repaid; as the balance falls, more of each EMI repays principal. The calculator assumes a reducing-balance loan with a fixed rate.
Who this helps
For borrowers comparing a monthly payment, total interest and the effect of paying extra.
Formula
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
P is the loan amount, r is the annual interest rate ÷ 12 ÷ 100, and n is the tenure in months.
Worked example
A loan of ₹25 lakh at 9% a year for 20 years has an EMI of ₹22,493. Over the full tenure you repay ₹53,98,356, of which ₹28,98,356 is interest.
Based on this calculator’s default inputs.
Frequently asked questions
How is EMI calculated?
With the reducing-balance formula above: each month, interest is charged on the outstanding balance and the rest of the EMI repays principal. For ₹25 lakh at 9% over 20 years, the EMI is ₹22,493.
Does prepaying a loan reduce the EMI or the tenure?
Available recast choices depend on your lender and agreement; your lender may offer a choice. Reducing the tenure keeps the EMI and closes the loan sooner, which typically saves more interest; reducing the EMI lowers the monthly payment instead. Add a prepayment under Advanced options to compare both.
Why is most of my early EMI interest?
Interest is charged on the outstanding balance, which is highest at the start. As principal is repaid, the interest part shrinks and the principal part grows. The repayment schedule shows this month by month.
Does a longer tenure make a loan cheaper?
No. A longer tenure lowers the EMI but increases the total interest, because the balance is repaid more slowly.
Are processing fees and insurance included?
No. Fees, insurance, taxes and rate changes are excluded. Your lender’s Key Fact Statement shows the Annual Percentage Rate (APR), which includes fees and helps you compare loans.
Model and timing
This is a constant-rate, monthly reducing-balance loan. Interest is charged on the opening balance; the regular EMI follows, then a one-time extra payment in the selected month. Annual extras follow each twelfth EMI. At zero interest, EMI is principal divided by months.
Before using the estimate
The interest share generally falls as principal is repaid; early payments are not mostly interest on every loan. Fees, insurance, taxes and rate resets are excluded. Whether a lender allows EMI or tenure reduction, and when it applies, depends on the agreement and processing rules.
Try a useful comparison
Open Advanced options to enter a one-time or annual extra payment and choose EMI or tenure reduction. Compare identical loans with different repayment choices, then inspect the schedule, save locally or prepare the comparison report.
Results are estimates for illustration only and are not financial, tax or investment advice.