How is monthly EMI calculated?

EMI is calculated using the standard mathematical formula: E = P * r * (1 + r)^n / ((1 + r)^n - 1), where P is principal, r is monthly interest rate, and n is tenure in months.

Can I see the month-by-month loan repayment schedule?

Yes, view a detailed amortization table showing the exact principal versus interest breakdown for every single month.

Does prepayment reduce my total interest paid?

Yes, enter prepayment amounts to see how early lump-sum payments shorten your tenure and save lakhs in interest.

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Loan & EMI Calculator (Home, Car, Personal Loan)

Accurate monthly EMI calculator for Indian banking loans. Plan monthly installments, total interest costs, loan balance payoff, and view comprehensive year-wise amortization schedules.

Select Loan Type

Loan Amount (₹) ₹ 25 Lakhs

₹50K ₹50L ₹1 Cr

Interest Rate (% p.a.) 8.5%

4% 15% 25%

Loan Tenure (Years)

1 Yr 15 Yrs 30 Yrs

Loan Repayment Summary

Standard Banking Formula

Monthly EMI Amount

₹21,695

Payable for 240 months

Principal 50%

Principal Amount: ₹25,00,000

Total Interest: ₹27,06,704

Total Amount Payable: ₹52,06,704

Amortization Schedule (Year-by-Year) Balance Payoff

Year	Opening (₹)	Principal (₹)	Interest (₹)	Closing (₹)

How is Loan EMI Calculated?

The Equated Monthly Installment (EMI) is computed using the standard reducing balance mathematical formula:

          EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]
        

Where P = Principal Loan Amount, R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100), and N = Loan Tenure in number of months.

Loan & EMI Calculator (Home, Car, Personal Loan)

Loan Repayment Summary

How is Loan EMI Calculated?

Frequently Asked Questions