Work out your monthly loan EMI, total interest and a year-wise breakup. Everything runs in your browser — no signup required.
This is an estimate. Fees, charges, surcharge and your provider's own rules can change the actual figure.
How much principal you repay each year, and how much goes to interest.
| Year | Principal paid | Interest paid | Total paid | Balance |
|---|---|---|---|---|
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An EMI (Equated Monthly Instalment) is the fixed amount you pay your lender every month. Each EMI has two parts — principal (the loan itself) and interest. In the early years most of it is interest; in the later years most of it is principal.
EMI = P × r × (1+r)^n ÷ [(1+r)^n − 1]
Here P = loan amount, r = monthly interest rate (annual rate ÷ 12 ÷ 100), and n = total number of months.
Want more detail? The Finance guides cover each topic with a step-by-step explainer.
Extending the tenure lowers the EMI immediately, but it increases the total interest considerably. A better route is a larger down payment, or negotiating a lower rate on the back of a good credit score.
No. It calculates the EMI on principal and interest only. Processing fees, insurance and documentation charges are separate — add them to your total cost before taking the loan.
Prepayment reduces the outstanding principal, so less interest accrues afterwards. Most people keep the EMI the same and shorten the tenure — that saves the most interest overall.
Yes. On a floating rate, when the bank changes its rate either the EMI or the tenure changes. So treat this result as an estimate and rely on your lender's final schedule.