Loans
Estimate monthly EMI, total interest and total repayment for a home, car or personal loan. Review the yearly schedule to see how each payment reduces the balance.
Monthly EMI
₹
Reducing balance
Rounded display; calculations retain full precision.
| Year | Opening | Principal paid | Interest paid | Total paid | Closing |
|---|
EMI uses the standard reducing-balance formula, where each payment first covers interest on the outstanding principal and the remainder reduces the loan balance. As the balance falls, the interest component normally falls and the principal component rises.
The original amount borrowed.
Annual rate divided by 12 and 100.
The total number of monthly instalments.
For a ₹25 lakh loan at 8.5% annual interest over 20 years, the calculator estimates:
The estimate assumes the rate remains unchanged, payments are monthly and on time, and there are no fees, insurance charges, taxes, prepayments, or rate resets.
No. Extending tenure can reduce EMI while increasing total interest substantially.
Not necessarily. A lender may revise EMI, tenure, or both when the rate changes.
No. Add lender fees, insurance, taxes and other charges separately when comparing loan offers.
Check affordability, model a prepayment, or compare buying with renting.
This is an educational estimate; lender calculations can differ because of payment dates, rounding, fees, rate changes, and product terms.