EMI Calculator (Loan Equated Monthly Installment)
Calculate the fixed monthly repayment on any loan — home, car or personal. Supports tenures down to the month.
Total: 240 months
Result
Monthly EMI
₹21,696
Total Interest
₹27,06,939
Total Payment
₹52,06,939
Loan Amount
₹25,00,000
Principal vs Interest breakdown
For every ₹100 you repay
₹48 principal
₹52 interest
You pay ₹27,06,939 in interest on a ₹25,00,000 loan — that's 52% of your total outflow.
Concept
An Equated Monthly Instalment (EMI) is the fixed amount a borrower repays each month until the loan is fully settled. Each payment is split between interest on the outstanding principal and a reduction of that principal — a process called amortisation.
In the early months, most of the EMI goes toward interest because the outstanding principal is large. As the principal shrinks month by month, the interest component falls and more of each payment chips away at the principal — this is known as front-loading.
Choosing a longer tenure lowers the monthly EMI but dramatically increases the total interest paid over the life of the loan. A shorter tenure means higher EMIs but far less interest overall. Use this calculator to find the right balance for your budget.
Formula
Variables
P₹- Principal — the original loan amount borrowed.
R- Monthly interest rate = Annual rate ÷ 12 ÷ 100.
N- Total monthly instalments = (years × 12) + extra months.