Loan / EMI Calculator

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Monthly EMI, total interest and a repayment schedule for any loan, with prepayment savings.

Quick fill

Sets a typical amount and tenure. Keep the rate your lender quotes.

Loan amount

₹50 lakh

Interest rate

Tenure

Up to 40 years (480 months).

Prepay every monthPay a fixed extra amount with each EMI to finish sooner.

Monthly EMI₹43,391For 20 years at 8.5% a year.

Principal48%₹50,00,000
Interest52%₹54,13,879
Total payable₹1,04,13,879

Year	Paid	Principal	Interest	Balance
1	₹5,20,694	₹99,511	₹4,21,182	₹49,00,489
2	₹5,20,694	₹1,08,307	₹4,12,387	₹47,92,181
3	₹5,20,694	₹1,17,881	₹4,02,813	₹46,74,300
4	₹5,20,694	₹1,28,300	₹3,92,394	₹45,46,000
5	₹5,20,694	₹1,39,641	₹3,81,053	₹44,06,359
6	₹5,20,694	₹1,51,984	₹3,68,710	₹42,54,375
7	₹5,20,694	₹1,65,418	₹3,55,276	₹40,88,957
8	₹5,20,694	₹1,80,039	₹3,40,655	₹39,08,918
9	₹5,20,694	₹1,95,953	₹3,24,741	₹37,12,965
10	₹5,20,694	₹2,13,274	₹3,07,420	₹34,99,691
11	₹5,20,694	₹2,32,125	₹2,88,569	₹32,67,566
12	₹5,20,694	₹2,52,643	₹2,68,051	₹30,14,923
13	₹5,20,694	₹2,74,974	₹2,45,720	₹27,39,949
14	₹5,20,694	₹2,99,279	₹2,21,415	₹24,40,670
15	₹5,20,694	₹3,25,733	₹1,94,961	₹21,14,937
16	₹5,20,694	₹3,54,525	₹1,66,169	₹17,60,412
17	₹5,20,694	₹3,85,862	₹1,34,832	₹13,74,550
18	₹5,20,694	₹4,19,968	₹1,00,726	₹9,54,582
19	₹5,20,694	₹4,57,090	₹63,604	₹4,97,492
20	₹5,20,694	₹4,97,492	₹23,202	₹0

How to use, limits & privacy

About Loan / EMI Calculator

Work out the monthly EMI for a home, car, personal or education loan, the total interest and the total amount you repay. See the split between principal and interest, a yearly or monthly repayment schedule you can download as CSV, and how much a monthly part-prepayment saves. Amounts use Indian digit grouping and lakh and crore. It runs in your browser.

How to Use

Enter the loan

Type or slide the loan amount, interest rate and tenure in years or months. "Quick fill" sets a typical amount and tenure for a home, car, personal or education loan; keep the rate your lender quotes.

Read your EMI

The monthly EMI, total interest and total payable update as you type. The chart shows how much of what you repay is interest.

Try a prepayment

Turn on "Prepay every month" and enter an extra amount to see how much sooner the loan ends and how much interest you save.

Check the schedule

Open "Repayment schedule", choose Yearly or Monthly, and use "Download CSV" to open it in Excel or Google Sheets.

Privacy & Processing

Mode: local
Files Leave Browser: Local tool processing; review details below
Max Input Size: Device memory limits
Account Required: No
Data Stored Locally: Nothing is saved; the CSV goes straight to your downloads.
Network Processing: Assets or models may require an initial download

Everything is calculated in your browser. Nothing you enter is uploaded.

Rules & Limitations

Uses monthly reducing balance, the method most Indian banks use. The rate stays fixed for the whole tenure.
Processing fees, GST, insurance and rate changes on floating-rate loans are not included.
Tenure is limited to 40 years (480 months). The slider goes up to ₹5 crore; larger amounts can be typed.
Figures are rounded to the rupee; your bank may round the EMI slightly differently.

Top Suggestions

Comparing EMIs before you apply for a home or car loan
Choosing a tenure you can afford each month
Seeing how much interest a monthly prepayment saves
Downloading a repayment schedule for your records

Loan / EMI Calculator FAQ

How is EMI calculated?

EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r the monthly rate (annual rate ÷ 12 ÷ 100) and n the number of months. For ₹50 lakh at 8.5% for 20 years the EMI is ₹43,391.

Why is most of my early EMI interest?

Interest is charged on the balance still owed, which is highest at the start. As the balance falls, more of each EMI goes to principal. The yearly schedule shows this clearly.

Should I prepay my loan or reduce the EMI?

Keeping the EMI and shortening the tenure usually saves the most interest, which is what this calculator shows. Check whether your lender charges a prepayment fee; RBI rules bar such fees on floating-rate loans to individuals.

Does a longer tenure save money?

No. A longer tenure lowers the EMI but raises the total interest, often by a lot. Compare 15, 20 and 25 years here to see the difference.

Is my data sent to a bank or saved?

No. The calculator runs in your browser; nothing is uploaded, shared or stored.