Free Tool · Loans & EMI

EMI Calculator

Calculate home loan, car loan, and personal loan EMI with total interest and amortization schedule.

Home, car & personal loan
Amortization schedule
Interest vs principal chart
Any tenure & rate

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Loan Details

Reducing balance EMI · Indian banks

Loan Type

Loan Amount

₹

Interest Rate

% p.a.

Tenure

months

20.0 years

Monthly EMI

₹43,391.16

Fixed monthly payment

Total Interest

₹54,13,879

Over full tenure

Total Payment

₹1,04,13,879

Principal + interest

Principal ₹50,00,000Interest ₹54,13,879

Loan EMI Calculator — Home, Car & Personal Loan

Equated Monthly Installment (EMI) is the fixed amount you pay each month towards your loan. Indian banks use reducing balance method — interest is calculated on outstanding principal, so interest portion decreases over time.

Sample EMIs (indicative)

Loan	Amount	Rate	Tenure	EMI
Home Loan	₹50,00,000	8.5%	20 years	~₹43,391
Car Loan	₹10,00,000	9.5%	5 years	~₹21,037
Personal Loan	₹5,00,000	12%	3 years	~₹16,607

Frequently Asked Questions

Common questions about using our tax calculator and understanding your results.

How is EMI calculated?

EMI uses the reducing balance formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is loan amount, r is monthly interest rate, and n is tenure in months. Each EMI pays interest on remaining balance first, then principal.

What is a good EMI to income ratio?

Banks typically approve loans where total EMIs don't exceed 40–50% of net monthly income (FOIR). For home loans, keep EMI under 35% of take-home for comfortable budgeting.