EMI Calculator
Monthly instalment, total interest and the full payment schedule for any loan amount, rate and tenure.
Your numbers
Result
Monthly EMI₹10,747
Total interest₹1,44,817
Total payable₹6,44,817
Show month-by-month schedule
| Month | EMI | Principal | Interest | Balance |
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How it works
Understanding EMI
EMI (Equated Monthly Instalment) is the fixed amount you pay every month towards a loan. It has two parts — interest on the outstanding balance and repayment of the principal. Early EMIs are interest-heavy; later ones mostly repay principal. Banks compute it on a reducing balance, exactly like this calculator.
A longer tenure lowers the monthly EMI but increases the total interest you pay. Pick the shortest tenure whose EMI comfortably fits your monthly budget.
Lenders set the final rate after looking at your income, credit score and employer. Use the rate a lender quoted you, or the indicative rate on the product page, to estimate.
Most loans carry a one-time processing fee and, on some, prepayment charges. Those are not part of the EMI itself.