Calculate monthly EMI for home, car, or personal loans instantly
| Financial year | Principal paid | Interest paid | Total paid | Balance |
|---|---|---|---|---|
| FY 2026-27 | ₹15,619 | ₹22,383 | ₹38,002 | ₹9,84,381 |
| FY 2027-28 | ₹66,099 | ₹85,912 | ₹1,52,011 | ₹9,18,282 |
| FY 2028-29 | ₹72,300 | ₹79,711 | ₹1,52,011 | ₹8,45,982 |
| FY 2029-30 | ₹79,082 | ₹72,929 | ₹1,52,011 | ₹7,66,900 |
| FY 2030-31 | ₹86,500 | ₹65,511 | ₹1,52,011 | ₹6,80,400 |
| FY 2031-32 | ₹94,615 | ₹57,396 | ₹1,52,011 | ₹5,85,785 |
| FY 2032-33 | ₹1,03,490 | ₹48,521 | ₹1,52,011 | ₹4,82,295 |
| FY 2033-34 | ₹1,13,198 | ₹38,813 | ₹1,52,011 | ₹3,69,096 |
| FY 2034-35 | ₹1,23,817 | ₹28,194 | ₹1,52,011 | ₹2,45,279 |
| FY 2035-36 | ₹1,35,432 | ₹16,579 | ₹1,52,011 | ₹1,09,847 |
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Results are estimates, not financial advice. Rates, charges and rules change, so confirm with your bank, post office or a financial adviser before you decide. Terms of use
How to Use
- Enter the loan amount. Type it or drag the slider (₹25,00,000 shows as "₹25 lakh").
- Enter the interest rate your bank or NBFC has quoted. A 0% rate works too, for no-cost EMI offers.
- Choose the tenure in years or months, then the First EMI month and First EMI year.
- Your monthly EMI, total interest and total payment update as you type.
- Scroll down for the charts and the repayment schedule. Under Year-wise schedule by, pick Financial year (April to March, the split you need for tax: principal under 80C, interest under section 24(b)) or Loan year. Use share to send someone the exact numbers.
What is EMI?
An Equated Monthly Instalment (EMI) is the fixed amount you pay your lender every month until the loan is repaid. Each EMI covers that month's interest plus a slice of the principal. In the early years most of the EMI goes to interest, and later most of it goes to principal. This is the reducing-balance method that every Indian bank uses, and it's what this EMI calculator follows.
EMI formula
Where P = principal, r = monthly interest rate (annual rate ÷ 12 ÷ 100), n = tenure in months. For a ₹30 lakh home loan at 9% over 20 years, the EMI comes to about ₹26,992.
Typical loan rates in India
These are rough ranges. Rates move with the RBI repo rate and your credit score, so check the current rate with your lender.
| Loan type | Rate range (p.a.) |
|---|---|
| Home Loan | 7.25% – 9.50% |
| Car Loan | 8.50% – 12.00% |
| Personal Loan | 10.50% – 24.00% |
| Education Loan | 9.00% – 13.50% |
How to pay less interest
- Put down a bigger down payment so you borrow less.
- Pick the shortest tenure your monthly budget can handle. Every extra year adds a lot of interest.
- Prepay part of the loan when you can. Lenders can't charge a prepayment penalty on a floating-rate loan you take as an individual for non-business use.
- Shop around. Even 0.5% (50 basis points) less saves ₹2–5 lakh on a ₹50 lakh, 20-year home loan.
How much EMI is safe?
Most banks cap your total EMIs at 40–50% of your net monthly salary. Keep yours under 35% and you'll still have room for savings and emergencies.