Loans & interest
EMI Calculator
ఈఎంఐ కాలిక్యులేటర్
Monthly instalment, total interest and the repayment schedule of a home, car or personal loan.
Your result ఫలితం
Monthly EMI నెలవారీ వాయిదా
8.68 thousand rupees a month
- Principalఅసలు
- ₹10,00,000
- Total interestమొత్తం వడ్డీ
- ₹10,82,776
- Total paymentమొత్తం చెల్లింపు
- ₹20,82,776
Year by year ఏడాదివారీగా
- Principal
- Interest
Use the left and right arrow keys to read each year; the table below lists every value.
Show the year-by-year table
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹19,902 | ₹84,236 | ₹9,80,098 |
| 2 | ₹21,661 | ₹82,477 | ₹9,58,436 |
| 3 | ₹23,576 | ₹80,563 | ₹9,34,860 |
| 4 | ₹25,660 | ₹78,479 | ₹9,09,200 |
| 5 | ₹27,928 | ₹76,211 | ₹8,81,272 |
| 6 | ₹30,397 | ₹73,742 | ₹8,50,875 |
| 7 | ₹33,084 | ₹71,055 | ₹8,17,791 |
| 8 | ₹36,008 | ₹68,131 | ₹7,81,784 |
| 9 | ₹39,191 | ₹64,948 | ₹7,42,593 |
| 10 | ₹42,655 | ₹61,484 | ₹6,99,938 |
| 11 | ₹46,425 | ₹57,714 | ₹6,53,513 |
| 12 | ₹50,529 | ₹53,610 | ₹6,02,985 |
| 13 | ₹54,995 | ₹49,144 | ₹5,47,990 |
| 14 | ₹59,856 | ₹44,283 | ₹4,88,134 |
| 15 | ₹65,147 | ₹38,992 | ₹4,22,987 |
| 16 | ₹70,905 | ₹33,234 | ₹3,52,082 |
| 17 | ₹77,172 | ₹26,966 | ₹2,74,910 |
| 18 | ₹83,994 | ₹20,145 | ₹1,90,916 |
| 19 | ₹91,418 | ₹12,721 | ₹99,498 |
| 20 | ₹99,498 | ₹4,640 | ₹0 |
How the EMI is calculated
Banks charge interest on the outstanding balance every month (reducing balance). With a loan amount P, a monthly rate r (yearly rate ÷ 12 ÷ 100) and n monthly instalments:
EMI = P × r × (1 + r) n ÷ ((1 + r) n − 1)
Example: ₹10,00,000 at 8.5% for 20 years is an EMI of ₹8,678. Over the loan you pay ₹10,82,776 in interest, ₹20,82,776 in all. Early instalments are mostly interest; the principal share grows every month.
Good to know
- A longer tenure lowers the EMI but raises the total interest: compare the total, not just the EMI.
- Part-prepayments in the first years save the most interest, because that is when the balance is highest.
- On a floating rate, a rate change alters the EMI or the tenure; processing fees and insurance are extra.
Questions
What is "reducing balance"?
Interest is charged each month only on the principal still outstanding, so as you repay, the interest part of the EMI falls.
Is a "flat rate" loan cheaper?
Usually not. A flat rate charges interest on the full amount for the whole tenure, so a 10% flat rate costs far more than 10% on reducing balance. Check it with the simple interest calculator.
What next? తర్వాత ఏం చూడాలి
See all calculators →Results are estimates for planning, at the rates you enter. Check exact figures with your bank, fund house or tax adviser before you decide.
