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Work out the Equated Monthly Instalment for any loan. See the full amortization schedule, the principal-versus-interest split and a breakdown chart.
Last updated 27 August 2026
Monthly EMI
₹21,696
Total interest
₹27,06,939
Total payment
₹52,06,939
| # | Opening | EMI | Principal | Interest | Closing |
|---|---|---|---|---|---|
| 1 | ₹25,00,000 | ₹21,696 | ₹3,987 | ₹17,708 | ₹24,96,013 |
| 2 | ₹24,96,013 | ₹21,696 | ₹4,015 | ₹17,680 | ₹24,91,997 |
| 3 | ₹24,91,997 | ₹21,696 | ₹4,044 | ₹17,652 | ₹24,87,953 |
| 4 | ₹24,87,953 | ₹21,696 | ₹4,073 | ₹17,623 | ₹24,83,881 |
| 5 | ₹24,83,881 | ₹21,696 | ₹4,101 | ₹17,594 | ₹24,79,779 |
| 6 | ₹24,79,779 | ₹21,696 | ₹4,130 | ₹17,565 | ₹24,75,649 |
| 7 | ₹24,75,649 | ₹21,696 | ₹4,160 | ₹17,536 | ₹24,71,489 |
| 8 | ₹24,71,489 | ₹21,696 | ₹4,189 | ₹17,506 | ₹24,67,300 |
| 9 | ₹24,67,300 | ₹21,696 | ₹4,219 | ₹17,477 | ₹24,63,081 |
| 10 | ₹24,63,081 | ₹21,696 | ₹4,249 | ₹17,447 | ₹24,58,832 |
| 11 | ₹24,58,832 | ₹21,696 | ₹4,279 | ₹17,417 | ₹24,54,553 |
| 12 | ₹24,54,553 | ₹21,696 | ₹4,309 | ₹17,386 | ₹24,50,244 |
The principal — the amount you borrow.
The annual rate your lender quotes, as a percentage.
The repayment period in months or years. The EMI, totals, schedule and chart update instantly.
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1)
When r = 0, the loan is repaid in equal instalments of P ÷ n with no interest.
With r = 8.5 ÷ 12 ÷ 100 = 0.0070833 and n = 240, (1 + r)^n ≈ 5.44. EMI = 2500000 × 0.0070833 × 5.44 ÷ 4.44 ≈ ₹21,696. Over 240 months that is about ₹52.07 lakh, of which ₹27.07 lakh is interest.
Interest each month is charged on the outstanding balance. At the start the balance is highest, so most of your fixed EMI goes to interest and only a little reduces the principal. As the balance falls, the interest portion shrinks and the principal portion grows.
The amortization schedule shows this crossover point — the month where you finally start paying off more principal than interest.
Yes, but it increases the total interest you pay because the balance reduces more slowly. The calculator shows both figures so you can weigh the trade-off.
For a fixed-rate loan, yes. For a floating-rate loan the EMI (or the tenure) changes whenever your lender revises the rate. Re-run the calculator with the new rate to see the effect.
No. It calculates the pure loan EMI. Add any one-time fees separately.
The calculator handles it — the EMI becomes simply the loan amount divided by the number of months.
This calculator provides estimates for general information only. Results are mathematical calculations based on the figures you enter and standard formulas. Actual bank, loan, deposit and investment products may differ due to fees, rounding conventions, day-count methods and changing rates and rules. Projected investment returns are not guaranteed and you may get back less than you invest. Nothing here is financial, tax or investment advice — verify the actual terms with the relevant institution or a qualified adviser before making a decision. See our full disclaimer.