Reviewed by Artha Research·Last updated 8 April 2026
EMI Calculator
Calculate the monthly EMI, total interest, and year-by-year balance for any loan in seconds.
Loan details
Enter the principal, rate, and tenure. The EMI updates as you change any input.
Your monthly EMI
₹43,391
₹43,391 per month
Lifetime interest exceeds the principal. Consider a shorter tenure or partial prepayments.
Stress-test with a 1% rate increase and look at prepayment savings.
Loan principal
₹50L
Total interest
₹54.1L
Total payment
₹1Cr
Interest share
52.0%
Share of your total payment that goes to interest.
Outstanding balance
Year-end principal remaining on the loan.
Interest vs principal per year
Each year's EMI split into interest and principal.
Breakdown
- Year 1₹5.2L5.0%
- Year 2₹5.2L5.0%
- Year 3₹5.2L5.0%
- Year 4₹5.2L5.0%
- Year 5₹5.2L5.0%
- Year 6₹5.2L5.0%
- Year 7₹5.2L5.0%
- Year 8₹5.2L5.0%
- Year 9₹5.2L5.0%
- Year 10₹5.2L5.0%
- Year 11₹5.2L5.0%
- Year 12₹5.2L5.0%
- Year 13₹5.2L5.0%
- Year 14₹5.2L5.0%
- Year 15₹5.2L5.0%
- Year 16₹5.2L5.0%
- Year 17₹5.2L5.0%
- Year 18₹5.2L5.0%
- Year 19₹5.2L5.0%
- Year 20₹5.2L5.0%
You'll pay more in interest than the loan principal
At this rate and tenure, the lifetime interest exceeds the original loan amount. A shorter tenure or partial prepayments can dramatically cut the total cost.
Interest to principal
1.08x
More than half of every EMI is interest
Early-tenure EMIs are interest-heavy. Prepayments made in the first 5-7 years deliver the highest saving.
Interest share of total payment
52.0%
Next best actions
The result hints at what to look at next. Each link carries your current numbers so you never re-enter them.
Can your cash flow actually carry this EMI?
Knowing the EMI is step one — affordability against your budget is step two.
Monthly EMI: ₹43,391
See if prepayment beats investing
On interest-heavy loans, even small prepayments cut lifetime interest meaningfully.
Compare this with another lender
A 25 bps rate difference on a 20-year loan saves lakhs.
At a glance
- What it does
- Computes the monthly EMI and total interest for any loan using the standard reducing-balance formula.
- Formula
- EMI = [P × r × (1+r)^n] ÷ [(1+r)^n − 1]
- Typical output
- A ₹50L loan at 8.5% over 20 years has an EMI of ~₹43,391 and total interest of ~₹54L.
- Best used for
- Comparing loan offers on EMI and lifetime cost before signing up.
How It Works
This is the drill-down layer. The flagship flow leads with a recommendation, and this page lets you inspect the underlying model.
- EMI = [P × r × (1 + r)^n] / [(1 + r)^n − 1], where P is principal, r is the monthly rate, n is the number of months.
- Total interest = EMI × n − P.
- Year-by-year schedule aggregates monthly interest and principal into annual rows.
Assumptions
The recommendation stays blunt, but the assumptions remain visible.
- Standard reducing-balance loan with a fixed rate for the full tenure.
- Processing fee, GST on interest, and insurance premiums are excluded.
- Prepayments and floating-rate resets are not modelled here.
FAQ
The follow-up questions people usually ask after the main recommendation is already clear.
Why is my first EMI mostly interest?
In a reducing-balance loan, interest is charged on the outstanding balance. Early in the tenure, the balance is highest, so the interest portion of each EMI is at its peak.
How much does rate matter for total interest?
On a 20-year loan, every 25 bps rate change swings lifetime interest by tens of thousands to lakhs. Small differences compound enormously over long tenures.
Is a longer tenure really more expensive?
Yes — meaningfully. A 30-year loan has a lower EMI than a 20-year loan but often pays 60-80% more in total interest over its lifetime.
Sources & references
Every formula and assumption above is grounded in these authoritative sources.
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