EMI Calculator
Monthly instalment, total interest and a year-by-year amortization table for home, car and personal loans.
Year-by-year amortization
Private by design: everything runs in your browser. Nothing is uploaded. This calculator gives an estimate using the standard EMI formula — your bank's fees, processing charges and exact day-count may change the figures slightly. It is not financial advice.
How it works
- Enter the loan amount, annual interest rate and tenure.
- Your monthly EMI, total interest and total repayment appear instantly.
- Read the year-by-year table to see how much of each year goes to principal versus interest.
FAQ
How is EMI calculated?
EMI = P × r × (1+r)n / ((1+r)n − 1), where P is the loan amount, r is the monthly rate (annual rate ÷ 12, as a decimal) and n is the number of monthly instalments.
What is the EMI for a 10 lakh loan at 9% for 20 years?
About ₹8,997 per month. Total interest over the 20 years is about ₹11.59 lakh, so total repayment is about ₹21.59 lakh. Type your own numbers above to check.
Does a longer tenure reduce my total cost?
No. A longer tenure lowers the monthly EMI but increases total interest. Early instalments are mostly interest; the principal share grows over time — the table above shows the shift year by year.