Loan EMI Calculator
What is my EMI, and what does the loan really cost?
Monthly EMI
₹43,391
Forty three thousand three hundred ninety one
Total interest
₹54.14L
Fifty four lakh thirteen thousand eight hundred seventy nine
Total repayment
₹1.04Cr
One crore four lakh thirteen thousand eight hundred seventy nine
Interest share
52.0%
of everything you repay
Loan details
Typical rate: 8.0–9.5%
Fifty lakh
Eight point five
Twenty
You borrow ₹50.00L and repay ₹1.04Cr. The bank keeps ₹54.14L.
Principal vs interest
Until month 143 — around year 12 — more of each EMI goes to interest than to the loan itself. After that the balance starts falling in earnest. This is why prepaying early saves so much more than prepaying late.
Where each year's money goes
Outstanding balance
Amortisation 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 | ₹40,88,958 |
| 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 | ₹30,14,924 |
| 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 | ₹13,74,551 |
| 18 | ₹4,19,968 | ₹1,00,726 | ₹9,54,583 |
| 19 | ₹4,57,090 | ₹63,604 | ₹4,97,493 |
| 20 | ₹4,97,493 | ₹23,202 | ₹0 |
What this calculation assumes
- •A standard amortising loan with a fixed interest rate for the whole tenure. Floating-rate loans will diverge as the rate resets.
- •The EMI stays constant and every instalment is paid on time.
- •Interest accrues monthly on the outstanding balance.
- •Processing fees, insurance bundled with the loan, and prepayment charges are not included.
- •The final instalment is adjusted slightly so the loan closes at exactly zero.
About this calculator
EMI, total interest, and the complete month-by-month amortisation schedule with the principal-versus-interest crossover.