Loan EMI Calculator
Calculate your monthly EMI for home loans, personal loans, and car loans
✓ Instant calculation ✓ Detailed breakdown ✓ Amortization schedule ✓ 100% free
Loan Details
Your EMI Summary
Monthly EMI
₹21,696
Payment Breakdown
Amortization Schedule
See how your loan payments are distributed over time
| Year | Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|---|
| 1 | 12 | ₹21,696 | ₹4,310 | ₹17,386 | ₹24,50,239 |
| 2 | 24 | ₹21,696 | ₹4,691 | ₹17,005 | ₹23,96,080 |
| 3 | 36 | ₹21,696 | ₹5,105 | ₹16,591 | ₹23,37,133 |
| 4 | 48 | ₹21,696 | ₹5,556 | ₹16,140 | ₹22,72,976 |
| 5 | 60 | ₹21,696 | ₹6,048 | ₹15,648 | ₹22,03,148 |
| 6 | 72 | ₹21,696 | ₹6,582 | ₹15,114 | ₹21,27,148 |
| 7 | 84 | ₹21,696 | ₹7,164 | ₹14,532 | ₹20,44,431 |
| 8 | 96 | ₹21,696 | ₹7,797 | ₹13,899 | ₹19,54,402 |
| 9 | 108 | ₹21,696 | ₹8,486 | ₹13,210 | ₹18,56,415 |
| 10 | 120 | ₹21,696 | ₹9,236 | ₹12,460 | ₹17,49,767 |
| 11 | 132 | ₹21,696 | ₹10,053 | ₹11,643 | ₹16,33,692 |
| 12 | 144 | ₹21,696 | ₹10,941 | ₹10,755 | ₹15,07,357 |
| 13 | 156 | ₹21,696 | ₹11,909 | ₹9,787 | ₹13,69,856 |
| 14 | 168 | ₹21,696 | ₹12,961 | ₹8,735 | ₹12,20,200 |
| 15 | 180 | ₹21,696 | ₹14,107 | ₹7,589 | ₹10,57,317 |
| 16 | 192 | ₹21,696 | ₹15,354 | ₹6,342 | ₹8,80,036 |
| 17 | 204 | ₹21,696 | ₹16,711 | ₹4,985 | ₹6,87,084 |
| 18 | 216 | ₹21,696 | ₹18,188 | ₹3,508 | ₹4,77,078 |
| 19 | 228 | ₹21,696 | ₹19,796 | ₹1,900 | ₹2,48,509 |
| 20 | 240 | ₹21,696 | ₹21,545 | ₹151 | ₹0 |
Note: This shows year-end balances for each year of your loan. Switch to "Monthly View" to see all 240 monthly payments. Each payment is ₹21,696.
Ready to apply for this loan?
Apply for Home Loan →About Loan EMI Calculators
What is an EMI Calculator?
An EMI (Equated Monthly Installment) calculator is a financial tool that helps you calculate the monthly payment you need to make towards your loan. It takes into account the loan amount, interest rate, and tenure to give you an accurate EMI amount.
How to Use the Loan Calculator?
- Select the type of loan (Home, Personal, or Car)
- Enter the loan amount you wish to borrow
- Input the interest rate (annual percentage)
- Choose the loan tenure in months or years
- View your monthly EMI and total payment details instantly
Benefits of Using Our Calculator
- Instant and accurate EMI calculations
- Detailed amortization schedule
- Visual representation with charts
- Compare different loan scenarios
- Plan your finances better
- 100% free with no registration required
EMI Calculation Formula
The EMI is calculated using the formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
Where P = Principal loan amount, R = Monthly interest rate, N = Loan tenure in months
How to Improve Your EMI Plan
- Increase your down payment or reduce your loan amount where possible
- Compare shorter and longer tenure options before applying
- Keep your EMI within a comfortable share of your monthly income
- Use the calculator before speaking to a lender so you know your range
Related Loan Pages
FAQ
Calculator questions
How accurate is this EMI calculator?
It provides a useful repayment estimate based on loan amount, interest rate, and tenure. Actual lender schedules can vary slightly due to fees or rounding.
Can I use this calculator for home, personal, and car loans?
Yes. The calculator supports home, personal, and car loan scenarios and helps compare different repayment combinations.
Does changing tenure reduce EMI?
Usually yes. A longer tenure often lowers EMI but can increase total interest paid over time.
Why should I calculate EMI before applying?
EMI planning helps you choose a loan amount and tenure that fit your monthly budget before moving ahead with the application.