What is an EMI?
An equated monthly instalment is your regular loan payment. Each instalment pays some interest and reduces the amount you owe.
Finance
A little clarity for your money.
PLAN TODAY. BORROW WITH CLARITY.
Loan EMI calculator.
Find your monthly payment. See the full cost.
Make room for what matters.
Your loan, your numbers
01 / INPUTSAdjust the sliders or enter an exact value.
₹
₹1₹10 crore
% p.a.
0%50%
Loan tenure
years
1 month50 years
↳ 60 monthly payments · interest on the reducing balance
The big picture
02 / ESTIMATEYour monthly EMI₹20,517₹20,516.53 per month · 60 payments
- Principal amount
- ₹10,00,000
- Total interest
- ₹2,30,992
Total amount payable₹12,30,992
For every ₹100 borrowed, you pay about ₹23 in interest over this tenure.
Browser estimate · checking calculation…
Watch your balance come down
Every payment takes you closer to zero.
₹10,00,000₹0
First paymentFinal payment
Repayment scheduleExplore each payment ↗
Estimated yearly repayments in INR. Values rounded to two decimals.
| Loan year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹2,46,198.36 | ₹1,67,629.06 | ₹78,569.32 | ₹8,32,370.94 |
| 2 | ₹2,46,198.36 | ₹1,82,445.94 | ₹63,752.44 | ₹6,49,924.99 |
| 3 | ₹2,46,198.36 | ₹1,98,572.51 | ₹47,625.88 | ₹4,51,352.47 |
| 4 | ₹2,46,198.36 | ₹2,16,124.52 | ₹30,073.85 | ₹2,35,227.96 |
| 5 | ₹2,46,198.36 | ₹2,35,227.96 | ₹10,970.41 | ₹0.00 |
A little understanding goes a long way.
Where does the interest go?
Interest is calculated on the outstanding balance. Early payments cover more interest; later payments pay off more principal.
Longer tenure, smaller EMI?
Usually, yes. Spreading payments out reduces the monthly amount, but increases total interest. Adjust the tenure to see the trade-off.
The formula behind the estimate
EMI = P × r ÷ (1 − (1 + r)−n), where P is the loan amount, r is the annual rate divided by 1,200, and n is the number of months. At 0% interest, EMI = P ÷ n.
Estimates assume a fixed annual rate and monthly payments at the end of each period. Fees, insurance, taxes, prepayments and rate changes are excluded. Lender rounding and payment dates may change actual amounts; the final payment clears the remaining balance. Yearly rows group each 12 payments, and rounded rows may differ slightly from totals.