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Loan EMI Calculator
Find your monthly EMI for a home, personal, car or business loan, and examine how much of what you repay goes to interest.
Loan Details
Loan Amount (₹)₹5,00,000
Interest Rate (% per annum)10.5%
Loan Tenure5 Years
Your Estimated EMI
Monthly EMI Due
₹10,747
For 60 consecutive monthly instalments
Principal (78%) Interest (22%)
Principal Amount₹5,00,000
Total Interest Payable₹1,44,817
Total Amount (Principal + Interest)₹6,44,817
Year-Wise Repayment Schedule
| Year | Principal Paid (₹) | Interest Paid (₹) | Outstanding Balance (₹) |
|---|---|---|---|
| Year 1 | ₹80,253 | ₹48,711 | ₹4,19,747 |
| Year 2 | ₹89,097 | ₹39,867 | ₹3,30,651 |
| Year 3 | ₹98,916 | ₹30,048 | ₹2,31,735 |
| Year 4 | ₹1,09,816 | ₹19,147 | ₹1,21,919 |
| Year 5 | ₹1,21,919 | ₹7,045 | ₹0 |
How is EMI calculated?
Formula: EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is loan principal, r is monthly rate (annual rate / 12 / 100), and n is the tenure in months. A longer tenure reduces monthly outgo but raises cumulative interest outgo significantly. Maintaining prompt repayments also prevents DPD tags on your credit file.