Find your monthly EMI and total interest, see what part-payments save, and get the full month-by-month repayment schedule.
Shows real dates in the schedule and when the loan ends.
RBI rules: banks can't charge a prepayment fee on floating-rate loans taken by individuals for personal (non-business) use. Fixed-rate loans may carry a fee; check your loan agreement.
| Year | Principal | Interest | Balance | Paid off |
|---|---|---|---|---|
| ₹59,707 | ₹2,52,709 | ₹29,40,293 | 2% | |
| ₹64,984 | ₹2,47,432 | ₹28,75,309 | 4% | |
| ₹70,728 | ₹2,41,688 | ₹28,04,580 | 7% | |
| ₹76,980 | ₹2,35,436 | ₹27,27,600 | 9% | |
| ₹83,785 | ₹2,28,632 | ₹26,43,815 | 12% | |
| ₹91,190 | ₹2,21,226 | ₹25,52,625 | 15% | |
| ₹99,251 | ₹2,13,166 | ₹24,53,374 | 18% | |
| ₹1,08,024 | ₹2,04,393 | ₹23,45,351 | 22% | |
| ₹1,17,572 | ₹1,94,844 | ₹22,27,779 | 26% | |
| ₹1,27,964 | ₹1,84,452 | ₹20,99,815 | 30% | |
| ₹1,39,275 | ₹1,73,141 | ₹19,60,540 | 35% | |
| ₹1,51,586 | ₹1,60,831 | ₹18,08,954 | 40% | |
| ₹1,64,985 | ₹1,47,432 | ₹16,43,969 | 45% | |
| ₹1,79,568 | ₹1,32,849 | ₹14,64,402 | 51% | |
| ₹1,95,440 | ₹1,16,977 | ₹12,68,962 | 58% | |
| ₹2,12,715 | ₹99,701 | ₹10,56,247 | 65% | |
| ₹2,31,517 | ₹80,899 | ₹8,24,730 | 73% | |
| ₹2,51,981 | ₹60,435 | ₹5,72,749 | 81% | |
| ₹2,74,254 | ₹38,163 | ₹2,98,495 | 90% | |
| ₹2,98,495 | ₹13,921 | ₹0 | 100% |
Tap a year to see each month. Amounts are rounded to the rupee; your bank may differ by a few rupees from rounding.
This is an estimate based on standard financial formulas and the numbers you enter — it doesn’t account for every fee, tax rule, or lender-specific term, and isn’t a substitute for advice from a qualified financial professional. Read the full disclaimer.
A monthly EMI figure alone doesn't tell you how much of your loan is actually interest versus how much you're paying down principal, or how that split shifts over the life of the loan. This calculator shows the EMI, a visual principal-versus- interest split, and a full year-by-year amortization table — so you can see exactly where every rupee of your monthly payment is going, for any home, car, or personal loan.
Example: ₹10,00,000 at 8.5% annual interest for 5 years (60 months) → r = 8.5/12/100 = 0.00708, giving an EMI of roughly ₹20,517/month and about ₹2,31,000 in total interest over the loan.
This is exactly what the calculator above computes — the same formula banks use for standard reducing-balance loans. It assumes a fixed interest rate for the full tenure; a floating-rate loan's EMI (or tenure) changes whenever the bank revises its rate.
This calculator uses the standard reducing-balance formula: EMI = P × R × (1+R)^N ÷ ((1+R)^N − 1), where P is the loan principal, R is the monthly interest rate (annual rate ÷ 12 ÷ 100), and N is the total number of monthly installments. This is the same formula banks and NBFCs use.
Interest is calculated on the outstanding loan balance, which is at its highest right at the start of the loan. As the balance gradually shrinks with each payment, the interest portion of each EMI shrinks too, and a larger share goes toward principal — this shift is exactly what the amortization schedule visualizes.
Yes, generally — a longer tenure lowers your monthly EMI but increases the total interest paid over the life of the loan, since interest keeps accruing on the outstanding balance for a longer period. This calculator lets you compare tenures directly to see that tradeoff for your specific loan amount and rate.
It's calculated using the same standard formula banks use, so it should match closely for a fixed-rate loan. Actual figures can differ slightly due to processing fees, insurance add-ons, or how a specific lender rounds and applies interest — always confirm the exact EMI with your lender before signing.
Any fixed-rate, fixed-tenure loan — home loans, car loans, personal loans, education loans — as long as you know the amount, the yearly interest rate and the tenure. For a floating-rate loan, the result holds until the bank changes its rate; re-run it with the new rate when that happens.
Keeping the same EMI and shortening the tenure saves more interest, because the loan is cleared sooner. Lowering the EMI keeps the end date and eases your monthly budget, but saves less. Enter a one-time payment above and switch between the two options to see the difference for your own loan.
Under RBI rules, banks and NBFCs can't charge foreclosure or prepayment fees on floating-rate term loans taken by individuals for purposes other than business. Fixed-rate loans and business loans may carry a fee, so check your loan agreement before making a large part-payment.
Enter the month of your first EMI, then choose “Apr–Mar (FY)” above the schedule. Each row then shows the principal and interest for one financial year. Use your lender's interest certificate for the exact figures when filing your return, as it includes their own rounding and any rate changes.
The final payment only covers what is left of the loan, so the balance ends at exactly zero. With part-payments, the last EMI is often much smaller than the rest.
Yes, completely free, with no sign-up, and every calculation runs locally in your browser.
