Loan / EMI Calculator
Monthly payment, total interest and yearly schedule.
Monthly payment (EMI)
2,013.98
Total interest
233,355.92
Total amount paid
483,355.92
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| 1 | 5,607.97 | 18,559.83 | 244,392.03 |
| 2 | 6,043.33 | 18,124.47 | 238,348.70 |
| 3 | 6,512.49 | 17,655.31 | 231,836.22 |
| 4 | 7,018.07 | 17,149.73 | 224,818.15 |
| 5 | 7,562.90 | 16,604.90 | 217,255.25 |
| 6 | 8,150.03 | 16,017.77 | 209,105.22 |
| 7 | 8,782.74 | 15,385.06 | 200,322.48 |
| 8 | 9,464.56 | 14,703.23 | 190,857.92 |
| 9 | 10,199.32 | 13,968.47 | 180,658.60 |
| 10 | 10,991.12 | 13,176.68 | 169,667.48 |
| 11 | 11,844.39 | 12,323.41 | 157,823.09 |
| 12 | 12,763.90 | 11,403.90 | 145,059.19 |
| 13 | 13,754.80 | 10,413.00 | 131,304.39 |
| 14 | 14,822.62 | 9,345.18 | 116,481.78 |
| 15 | 15,973.33 | 8,194.46 | 100,508.44 |
| 16 | 17,213.39 | 6,954.41 | 83,295.06 |
| 17 | 18,549.71 | 5,618.09 | 64,745.35 |
| 18 | 19,989.77 | 4,178.03 | 44,755.58 |
| 19 | 21,541.63 | 2,626.17 | 23,213.96 |
| 20 | 23,213.96 | 953.84 | 0.00 |
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About this loan / emi calculator
Use this loan calculator to work out the monthly payment (EMI) for a home loan, car loan or personal loan. It also shows the total interest you'll pay and a year-by-year breakdown of how your balance goes down.
How to use it
- 1Enter the loan amount.
- 2Enter the annual interest rate and the loan term.
- 3See your monthly payment, total interest and repayment schedule.
Frequently asked questions
What is EMI?+
EMI (Equated Monthly Instalment) is the fixed amount you pay every month until a loan is fully repaid. Each payment covers that month's interest plus part of the principal.
What formula is used?+
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate and n is the number of monthly payments.
How can I reduce the total interest?+
Choose a shorter term, negotiate a lower rate, or make extra payments toward the principal whenever your lender allows it.
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