EMI Calculator
For home, car, personal and business loans. See your EMI, total interest and repayment schedule.
Year-by-year repayment schedule
| Year | Principal paid | Interest paid | Balance |
|---|
This calculator gives an estimate for planning only. Actual amounts depend on your full facts and the law in force. For advice on your situation, talk to us.
How EMI is calculated
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments.
- In the early years most of each EMI goes towards interest; the principal share grows over time.
- For a home loan, interest on a self-occupied house is deductible up to ₹2,00,000 a year in the old regime, and principal repayment counts towards the ₹1,50,000 limit for PF, PPF, ELSS and similar.
- Processing fees, insurance and changes in a floating rate are not included.
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