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Calculate monthly EMI, total interest, and a year-by-year amortization schedule for any loan. Reducing-balance math, no signup.
EMI updates live as you type.
Home loan EMI for buying or constructing a residential property. Math is identical across loan types — banks just price rate & tenure differently.
Reducing-balance / annual interest rate quoted by your bank.
Your monthly Home loan EMI
₹43,391/month
Total interest
₹54,13,879
Total payment
₹1,04,13,879
Interest as % of payment
52.0%
Principal
48%
Interest 52%
| Year | Opening balance | Principal paid | Interest paid | Closing balance | EMIs |
|---|---|---|---|---|---|
| 1 | ₹50,00,000 | ₹99,511 | ₹4,21,182 | ₹49,00,489 | 12 |
| 2 | ₹49,00,489 | ₹1,08,307 | ₹4,12,387 | ₹47,92,181 | 12 |
| 3 | ₹47,92,181 | ₹1,17,881 | ₹4,02,813 | ₹46,74,300 | 12 |
| 4 | ₹46,74,300 | ₹1,28,300 | ₹3,92,394 | ₹45,46,000 | 12 |
| 5 | ₹45,46,000 | ₹1,39,641 | ₹3,81,053 | ₹44,06,359 | 12 |
| 6 | ₹44,06,359 | ₹1,51,984 | ₹3,68,710 | ₹42,54,375 | 12 |
| 7 | ₹42,54,375 | ₹1,65,418 | ₹3,55,276 | ₹40,88,957 | 12 |
| 8 | ₹40,88,957 | ₹1,80,039 | ₹3,40,655 | ₹39,08,918 | 12 |
| 9 | ₹39,08,918 | ₹1,95,953 | ₹3,24,741 | ₹37,12,965 | 12 |
| 10 | ₹37,12,965 | ₹2,13,274 | ₹3,07,420 | ₹34,99,691 | 12 |
| 11 | ₹34,99,691 | ₹2,32,125 | ₹2,88,569 | ₹32,67,566 | 12 |
| 12 | ₹32,67,566 | ₹2,52,643 | ₹2,68,051 | ₹30,14,923 | 12 |
| 13 | ₹30,14,923 | ₹2,74,974 | ₹2,45,720 | ₹27,39,949 | 12 |
| 14 | ₹27,39,949 | ₹2,99,279 | ₹2,21,415 | ₹24,40,670 | 12 |
| 15 | ₹24,40,670 | ₹3,25,733 | ₹1,94,961 | ₹21,14,937 | 12 |
| 16 | ₹21,14,937 | ₹3,54,525 | ₹1,66,169 | ₹17,60,412 | 12 |
| 17 | ₹17,60,412 | ₹3,85,862 | ₹1,34,832 | ₹13,74,550 | 12 |
| 18 | ₹13,74,550 | ₹4,19,968 | ₹1,00,726 | ₹9,54,582 | 12 |
| 19 | ₹9,54,582 | ₹4,57,090 | ₹63,604 | ₹4,97,492 | 12 |
| 20 | ₹4,97,492 | ₹4,97,492 | ₹23,202 | ₹0 | 12 |
Estimates only. Uses the standard reducing-balance EMI formula at a fixed rate; actual EMIs may differ if your bank charges processing fees, levies a floating rate, or compounds differently. Confirm the exact schedule with your lender before signing.
Choose Home, Car, Personal, or Business. The math is identical, but the label and tips on the page adjust.
Type the principal you plan to borrow and the annual reducing-balance rate quoted by your bank. Most home loans sit around 8.5%; personal loans are typically 11–18%.
Toggle between years and months and pick the duration. Try a few values to see how a shorter tenure crushes your total interest.
See your monthly EMI, total interest, and the principal-vs-interest pie split. Expand the year-by-year amortization schedule to see how each year retires principal.
EMI uses the reducing-balance formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the tenure in months. For a ₹50 lakh home loan at 8.5% over 20 years, n = 240 and r = 0.007083, giving an EMI of about ₹43,391/month. Each EMI in the early years is mostly interest; the principal share grows as the balance falls.
Yes. The reducing-balance formula is identical across home, car, personal, and business loans. What changes is the interest rate (typically 8–9% for home loans, 9–11% for car loans, 11–24% for personal loans, and 11–20% for business loans) and the tenure (up to 30 years for home loans, 1–7 years for car loans, 1–5 years for personal/business loans). Plug your bank-quoted rate and tenure into the calculator above to compare.
An amortization schedule breaks your EMI down month-by-month (or year-by-year) into principal and interest. It matters because in the first years of a long-tenure loan — say a 20-year home loan — about 70–80% of every EMI is interest. If you make a part-prepayment in year 3, you wipe out a big chunk of future interest, not just the principal, because the bank recomputes the schedule on the lower balance.
A longer tenure lowers the monthly EMI but raises total interest dramatically. For a ₹10 lakh personal loan at 12%, a 3-year tenure costs about ₹1.96 lakh in interest, while a 5-year tenure costs about ₹3.35 lakh — a 70% jump in interest for the same loan. Pick the shortest tenure where the EMI is comfortably under 40% of your take-home pay.
No. The EMI shown is purely the principal-and-interest payment using the rate you enter. Banks typically charge a one-time processing fee of 0.5–2% of the loan amount, plus 18% GST on that fee. Some lenders also bundle insurance or legal charges. Confirm the all-in cost (annual percentage rate, or APR) with your bank before signing.
Nothing leaves your browser. The calculation runs entirely client-side — no server call, no cookie, no analytics on your inputs. Refresh the page and the values reset to defaults.
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