Loan EMI Calculator
Work out your monthly EMI, total interest, and total payment for any loan — with a year-by-year amortization breakdown.
Monthly EMI
₹22,493
Total interest
₹28.98L
Total payment
₹53.98L
- Principal
- Interest
| Year | Principal paid | Interest paid | Balance (year-end) |
|---|---|---|---|
| Year 1 | ₹46,818 | ₹2.23L | ₹24.53L |
| Year 2 | ₹51,210 | ₹2.19L | ₹24.02L |
| Year 3 | ₹56,013 | ₹2.14L | ₹23.46L |
| Year 4 | ₹61,268 | ₹2.09L | ₹22.85L |
| Year 5 | ₹67,015 | ₹2.03L | ₹22.18L |
| Year 6 | ₹73,302 | ₹1.97L | ₹21.44L |
| Year 7 | ₹80,178 | ₹1.90L | ₹20.64L |
| Year 8 | ₹87,699 | ₹1.82L | ₹19.76L |
| Year 9 | ₹95,926 | ₹1.74L | ₹18.81L |
| Year 10 | ₹1.05L | ₹1.65L | ₹17.76L |
| Year 11 | ₹1.15L | ₹1.55L | ₹16.61L |
| Year 12 | ₹1.26L | ₹1.44L | ₹15.35L |
| Year 13 | ₹1.37L | ₹1.33L | ₹13.98L |
| Year 14 | ₹1.50L | ₹1.20L | ₹12.48L |
| Year 15 | ₹1.64L | ₹1.06L | ₹10.84L |
| Year 16 | ₹1.80L | ₹90,229 | ₹9.04L |
| Year 17 | ₹1.97L | ₹73,373 | ₹7.07L |
| Year 18 | ₹2.15L | ₹54,936 | ₹4.92L |
| Year 19 | ₹2.35L | ₹34,769 | ₹2.57L |
| Year 20 | ₹2.57L | ₹12,711 | ₹0 |
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Frequently asked questions
What is EMI?
EMI is the fixed monthly payment used to repay loan principal and interest over a defined tenure.
How is loan EMI calculated?
The calculator uses the standard amortizing-loan formula based on principal, monthly interest rate and number of monthly payments.
Does a longer tenure reduce EMI?
Usually, yes. A longer tenure generally lowers the monthly EMI but increases the total interest paid.
What is included in total payment?
Total payment is the sum of all modeled EMIs over the loan tenure.
Does the calculator include processing fees?
No. It models principal and interest only, without processing fees, insurance, prepayments or penalties.