EMI Calculator
Plan your loan the smart way. Instant EMI, total interest, and amortization — free.
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Monthly EMI
₹0
Total interest
₹0
Total payment
₹0
Principal: ₹0
Interest: ₹0
Year-wise breakup
| Year | Principal paid | Interest paid | Balance |
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Frequently asked questions
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r the monthly rate, n the number of months.
What is a good EMI to income ratio?
Keep total EMIs under 40% of your monthly take-home income.
Does prepayment reduce total interest?
Yes — prepaying principal early saves the most, since early EMIs are interest-heavy.
Is this calculator accurate?
Yes — it uses the standard reducing-balance formula used by Indian banks and NBFCs.