Model your loan EMI before you commit
Plug in how much you would borrow, the annual interest rate, and how long you might take to repay. We use a standard monthly reducing-balance schedule—handy for comparing scenarios, not a substitute for a lender’s actual terms, fees, or floating-rate changes.
Adjust inputs below — results and charts update instantly. Shareable URL preserves non-default values.
Loan inputs
Monthly EMI
₹43,391
Total interest
₹54.14 L
Total repayment
₹1.04 Cr
Not financial advice. Calculator outputs are mathematical illustrations based on your assumptions and may differ from actual fund performance, fees, and taxes.
Principal vs interest
Balance and interest over time
Year-by-year loan snapshot
| Year | Interest (cumulative) | Loan balance | Change in balance |
|---|---|---|---|
| Year 0 | ₹0 | ₹50.00 L | — |
| Year 1 | ₹4.21 L | ₹49.00 L | -₹99,511 |
| Year 2 | ₹8.34 L | ₹47.92 L | -₹1,08,308 |
| Year 3 | ₹12.36 L | ₹46.74 L | -₹1,17,881 |
| Year 4 | ₹16.29 L | ₹45.46 L | -₹1,28,300 |
| Year 5 | ₹20.10 L | ₹44.06 L | -₹1,39,641 |
| Year 6 | ₹23.79 L | ₹42.54 L | -₹1,51,984 |
| Year 7 | ₹27.34 L | ₹40.89 L | -₹1,65,418 |
| Year 8 | ₹30.74 L | ₹39.09 L | -₹1,80,039 |
| Year 9 | ₹33.99 L | ₹37.13 L | -₹1,95,953 |
| Year 10 | ₹37.07 L | ₹35.00 L | -₹2,13,274 |
| Year 11 | ₹39.95 L | ₹32.68 L | -₹2,32,125 |
| Year 12 | ₹42.63 L | ₹30.15 L | -₹2,52,643 |
| Year 13 | ₹45.09 L | ₹27.40 L | -₹2,74,974 |
| Year 14 | ₹47.30 L | ₹24.41 L | -₹2,99,279 |
| Year 15 | ₹49.25 L | ₹21.15 L | -₹3,25,733 |
| Year 16 | ₹50.92 L | ₹17.60 L | -₹3,54,525 |
| Year 17 | ₹52.26 L | ₹13.75 L | -₹3,85,862 |
| Year 18 | ₹53.27 L | ₹9.55 L | -₹4,19,968 |
| Year 19 | ₹53.91 L | ₹4.97 L | -₹4,57,090 |
| Year 20 | ₹54.14 L | ₹0 | -₹4,97,492 |
Scroll horizontally on smaller screens. Values are rounded, illustrative yearly snapshots.
What this EMI number means
An equated monthly installment keeps your cash outflow fixed each month. Early in the tenure, a larger slice of each payment covers interest; as the outstanding principal shrinks, more of each installment goes toward principal. This calculator assumes the same nominal annual rate for the full tenure and monthly rests—real loans may include processing charges, insurance, prepayment rules, or rate resets that change what you actually pay.
What moves the installment
- •Principal: A larger loan raises the EMI unless you stretch the tenure or negotiate a lower rate.
- •Rate: Even a small change in annual interest compounds over many years and materially changes total interest.
- •Tenure: Longer loans usually mean smaller EMIs but a higher aggregate interest bill; shorter loans do the opposite.
Reducing-balance formula (reference)
EMI = P × r × (1 + r)n / ((1 + r)n − 1)
- P = loan principal
- r = monthly interest rate (annual rate ÷ 12 ÷ 100)
- n = number of monthly installments
If the annual rate is 0%, EMI simplifies to principal divided by the number of months.
Disclaimer: Figures are illustrative and based only on the inputs you provide. They are not financial, legal, or credit advice and do not reflect any specific bank or NBFC product.
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