EMI Calculator — Home, Car & Personal Loan
Calculate monthly EMI, total interest & amortization schedule
Use this free online EMI calculator to estimate your monthly loan installment in seconds. Switch between home loan, car loan, and personal loan presets, adjust amount, tenure, and interest rate, and see your exact EMI, total interest payable, and principal vs interest breakup on an interactive pie chart along with a year-by-year amortization schedule.
Amortization Schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹99,511 | ₹4,21,182 | ₹49,00,489 |
| 2 | ₹1,08,307 | ₹4,12,387 | ₹47,92,181 |
| 3 | ₹1,17,881 | ₹4,02,813 | ₹46,74,300 |
| 4 | ₹1,28,300 | ₹3,92,394 | ₹45,46,000 |
| 5 | ₹1,39,641 | ₹3,81,053 | ₹44,06,359 |
| 6 | ₹1,51,984 | ₹3,68,710 | ₹42,54,375 |
| 7 | ₹1,65,418 | ₹3,55,276 | ₹40,88,957 |
| 8 | ₹1,80,039 | ₹3,40,655 | ₹39,08,918 |
| 9 | ₹1,95,953 | ₹3,24,741 | ₹37,12,965 |
| 10 | ₹2,13,274 | ₹3,07,420 | ₹34,99,691 |
| 11 | ₹2,32,125 | ₹2,88,569 | ₹32,67,566 |
| 12 | ₹2,52,643 | ₹2,68,051 | ₹30,14,923 |
| 13 | ₹2,74,974 | ₹2,45,720 | ₹27,39,949 |
| 14 | ₹2,99,279 | ₹2,21,415 | ₹24,40,670 |
| 15 | ₹3,25,733 | ₹1,94,961 | ₹21,14,937 |
| 16 | ₹3,54,525 | ₹1,66,169 | ₹17,60,412 |
| 17 | ₹3,85,862 | ₹1,34,832 | ₹13,74,550 |
| 18 | ₹4,19,968 | ₹1,00,726 | ₹9,54,582 |
| 19 | ₹4,57,090 | ₹63,604 | ₹4,97,492 |
| 20 | ₹4,97,492 | ₹23,202 | ₹0 |
Popular Lenders in India
SBI Home Loan
Lowest rates for women
HDFC Home Loan
Fast approval
ICICI Home Loan
Step-up EMI option
HDFC Car Loan
Up to 100% on-road funding
SBI Auto Loan
No hidden charges
Bajaj Personal Loan
Instant approval
HDFC Personal Loan
Pre-approved offers
Axis Personal Loan
Flexible tenure
Tata Capital Personal
Online approval
* Interest rates are indicative ranges based on publicly available data and may vary by credit score, loan amount, and bank policy. Always check the official lender website for current rates before applying.
About EMI & How This Calculator Works
What is EMI?
EMI (Equated Monthly Installment) is the fixed monthly amount you pay to a lender to repay a loan over a chosen tenure. Each EMI is made up of two parts — principal (the actual loan amount) and interest (the cost of borrowing).
In the initial years, a larger portion of your EMI goes toward interest. As you pay down the principal, the interest component shrinks and more of your EMI goes toward reducing the loan balance.
EMI Formula
- P = Principal loan amount
- r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
- n = Total number of monthly installments (years × 12)
How This Calculator Helps You
- Estimate your monthly EMI for any loan type in seconds
- See exactly how much of the total cost is interest
- Plan your finances around a predictable monthly outflow
- Compare multiple loan scenarios before applying
- View year-by-year amortization to plan prepayments
Tips Before Taking a Loan
- Keep total EMIs under 40% of your net monthly income.
- Even a 0.25% lower rate saves lakhs on home loans.
- Prefer shorter tenure if you can afford higher EMI — less total interest.
- Prepay whenever possible — the earlier, the bigger the savings.
- Check your credit score; 750+ unlocks the lowest rates.
- Compare processing fees, prepayment charges, and hidden costs.