EMI calculator
Work out the monthly instalment on a loan, see how your payments split between principal and interest, and view a year-by-year amortisation schedule.
Loan details
Type any amount from ₹10,000 to ₹1,000 crore, any tenure up to 40 years and any rate up to 30%. The sliders are quick shortcuts.
Your EMI
- Principal₹0
- Interest₹0
Year by year
Hover over or tap a bar to see that year's figures.
Amortisation schedule
Year-by-year breakup of principal and interest, in rupees.
| Year | Opening balance | EMI × 12 | Interest paid | Principal paid | Closing balance |
|---|
How the EMI is calculated
The calculator uses the standard reducing-balance method used by banks, with interest compounded monthly:
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
where P is the loan amount, r is the annual interest rate divided by 12 and by 100, and n is the tenure in months.
In the early years, most of each EMI goes towards interest, because interest is charged on a larger outstanding balance. As the balance falls, a larger share of each EMI repays principal. The schedule above shows this shift year by year, with each row covering twelve monthly instalments counted from the start of the loan.
Results are estimates based on the figures you enter. Your lender's actual EMI depends on its terms, fees and the date the loan is disbursed.