EMI Calculator
Easily estimate monthly payments (EMIs) for home, car, personal, and other loans.
Estimated Result
A quick estimate based on your inputs.
Monthly EMI
₹21,696
2.1× of the loan, all-in
Principal vs interest by year
Breakdown
- Principal amount₹25,00,00048%
- Total interest₹27,06,93952%
Estimates only — not financial advice. Results are based on your inputs and assumptions, and actual outcomes may differ.
EMI calculator — frequently asked questions
How is loan EMI calculated?
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the tenure in months. For example, a ₹50 lakh home loan at 8.5% for 20 years works out to an EMI of about ₹43,391.
How much does prepayment actually save?
Every extra rupee paid goes straight to the principal, so all future interest is charged on a smaller balance. Even ₹5,000–10,000 extra per month on a 20-year home loan typically cuts years off the tenure and saves several lakhs in interest. Use the prepayment fields above to see the exact months and interest saved for your loan.
After a prepayment, should I reduce the EMI or the tenure?
Keeping the EMI unchanged and reducing the tenure saves far more interest, because the loan ends sooner. Reducing the EMI improves monthly cash flow but keeps you paying interest for the full term. If the current EMI is affordable, choose tenure reduction.
What is a step-up EMI?
A step-up EMI increases your instalment by a fixed percentage every year, in line with expected salary growth. Starting with an affordable EMI and stepping it up 5–10% annually closes the loan significantly earlier than a flat EMI.
Does the processing fee change my EMI?
No — the processing fee (typically 0.5–1% of the loan amount) is a one-time upfront cost and doesn't affect the EMI. It does increase the true cost of borrowing, which is why this calculator shows the total cost including the fee.