Loan EMI Calculator
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r the monthly interest rate and n the number of monthly instalments.
Enter your loan details to see the EMI and how much interest you pay each year.
How to use the EMI Calculator
- Enter the loan amount.
- Enter the annual interest rate.
- Enter the tenure in years.
- Review the EMI, total interest and the yearly amortisation table.
Popular calculations
- ₹5 lakh for 5 years
- ₹10 lakh for 5 years
- ₹20 lakh for 20 years
- ₹25 lakh for 20 years
- ₹30 lakh for 20 years
- ₹40 lakh for 20 years
- ₹50 lakh for 20 years
- ₹1 crore for 20 years
Examples
₹50 lakh home loan, 8.5%, 20 years
Input: P=50,00,000, 8.5%, 240 months
Result: EMI ≈ ₹43,391; total interest ≈ ₹54.1 lakh
Frequently asked questions
How can I reduce my EMI?
Choose a longer tenure, negotiate a lower rate, or make a larger down payment. A longer tenure lowers the EMI but increases total interest.
Does prepayment reduce EMI or tenure?
Banks usually reduce the tenure by default when you prepay, which saves more interest; you can often request an EMI reduction instead.
Estimates, not tax or legal advice. Results come from the published rules for the cases this calculator covers; your own circumstances can change them.
Last checked 2026-10-29 by the TakeHomeWorld editors · How we calculate and check rates · Runs entirely in your browser; nothing you type is stored.