EMI कैलकुलेटर
EMI calculator
Know your monthly EMI, the real cost of the loan, and how each payment splits between interest and principal.
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Monthly EMI
₹8,997
Total interest
₹11.59 L
Total payment
₹21.59 L
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹18,727 | ₹89,240 | ₹9,81,273 |
| 2 | ₹20,484 | ₹87,483 | ₹9,60,789 |
| 3 | ₹22,405 | ₹85,562 | ₹9,38,384 |
| 4 | ₹24,507 | ₹83,460 | ₹9,13,877 |
| 5 | ₹26,806 | ₹81,161 | ₹8,87,070 |
| 6 | ₹29,321 | ₹78,646 | ₹8,57,750 |
| 7 | ₹32,071 | ₹75,896 | ₹8,25,679 |
| 8 | ₹35,080 | ₹72,887 | ₹7,90,599 |
| 9 | ₹38,370 | ₹69,597 | ₹7,52,229 |
| 10 | ₹41,970 | ₹65,997 | ₹7,10,259 |
| 11 | ₹45,907 | ₹62,060 | ₹6,64,352 |
| 12 | ₹50,213 | ₹57,754 | ₹6,14,139 |
| 13 | ₹54,924 | ₹53,044 | ₹5,59,215 |
| 14 | ₹60,076 | ₹47,891 | ₹4,99,140 |
| 15 | ₹65,711 | ₹42,256 | ₹4,33,428 |
| 16 | ₹71,875 | ₹36,092 | ₹3,61,553 |
| 17 | ₹78,618 | ₹29,349 | ₹2,82,935 |
| 18 | ₹85,993 | ₹21,974 | ₹1,96,942 |
| 19 | ₹94,059 | ₹13,908 | ₹1,02,883 |
| 20 | ₹1,02,883 | ₹5,084 | ₹0 |
How to use it
- 01Enter the loan amount.
- 02Set the interest rate and tenure.
- 03See the EMI, total interest and year-by-year schedule.
₹10 lakh · 9% · 20 years
EMI ₹8,997 · interest ₹11.6 lakh
About this tool
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the loan amount, r the monthly interest rate and n the number of months. Banks use exactly this formula for reducing-balance loans.
In the early years most of each EMI goes to interest. The schedule shows this clearly, and it's why prepaying even a little in the first few years saves the most.
हिंदी में मदद
लोन की रकम, ब्याज दर और अवधि डालें और जानें आपकी मासिक EMI कितनी होगी, कुल ब्याज कितना लगेगा, और हर साल कितना मूलधन चुकता होगा। शुरुआती सालों में EMI का बड़ा हिस्सा ब्याज में जाता है।
Questions
Why is my bank's EMI slightly different?
Banks may round the rate, charge processing fees or start the first EMI after a broken period. The difference is usually a few rupees.
Does prepayment reduce EMI or tenure?
You can usually choose. Reducing tenure saves more interest; reducing EMI frees up monthly cash.
Is home loan interest tax-deductible?
Under the old tax regime, up to ₹2 lakh a year on a self-occupied home (Section 24b). The new regime doesn't allow it for self-occupied homes.