Loans & Debt · Before Taking a Loan
EMI Planner
Calculate the Equated Monthly Installment (EMI) for a home, car, or personal loan, along with total interest, total repayment, and a year-by-year repayment schedule.
Your inputs
Quick start — try a typical case
₹ 30 lakh
Your result Live
Monthly EMI
₹26,035
240 monthly EMIs over 20 years
- Principal Amount
- ₹30,00,000
- Total Interest
- ₹32,48,327
- Total Payment
- ₹62,48,327
- Interest-to-Principal Ratio
- 108%
- Interest in Your First EMI
- ₹21,250 (82%)
- Half the Loan Repaid By
- EMI 166 (year 14)
- Principal · 48%₹30,00,000
- Total interest · 52%₹32,48,327
Year-by-year repayment schedule
20 rowsThis calculator provides an estimate based on the information entered. Actual EMI may vary slightly based on the lender's calculation method, payment dates, and rounding.
How this is calculated
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1)
- P
- Principal
- r
- Monthly interest rate
- n
- Number of monthly installments
Each EMI first pays the interest charged on the balance still owed that month; whatever is left reduces the principal. Because the balance is largest at the start, early EMIs are mostly interest and later ones are mostly principal, even though the EMI itself never changes. The year-by-year schedule above shows exactly how that split shifts over the life of the loan.
Common questions
Why is most of my early EMI going to interest?
Interest is charged on the outstanding balance, which is highest at the start. As each EMI chips away at the principal, the interest portion shrinks and the principal portion grows. Check “Interest in your first EMI” and the yearly chart to see the shift.
Is a longer tenure better because the EMI is lower?
A longer tenure lowers each EMI but raises the total interest you pay, often substantially. Try moving the tenure slider and watch the Total Interest figure: the cheapest loan is usually the shortest one whose EMI you can comfortably afford.
Can I enter the tenure in months?
Yes. Switch the tenure toggle from Years to Months — your current tenure is converted automatically (20 years becomes 240 months), which is handy for car and personal loans quoted in months.
Will my bank's EMI match this exactly?
It should be very close. Small differences come from how a lender counts days, when the first EMI falls relative to disbursement (broken-period interest), rounding, and any fees added to the loan.