🏠 EMI Calculator
Calculate your Equated Monthly Installment (EMI) for Home, Car, or Personal Loans. See exactly how much goes toward principal vs. interest.
Loan Details
Loan Amount
₹50,00,000
₹10 K₹10 Cr
Invalid amount.
Interest Rate (p.a.)
8.5%
1%30%
Enter return between 1% and 30%.
Loan Tenure
20 Yr
1 Yr30 Yrs
Invalid tenure.
Monthly EMI
₹43,391
Principal Amount
₹50,00,000
Total Interest Payable
₹54,13,879
Total Payment: ₹1,04,13,879
52%
Interest
Principal
Interest
Principal vs Interest Payment Trend
Year-wise Amortization Schedule
| Year | Opening Balance | EMI Paid | Principal Paid | Interest Paid | Closing Balance |
|---|
What is an EMI Calculator?
An EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is fully paid off.
Mathematical Formula
EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]
- P = Principal loan amount
- R = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
- N = Number of monthly installments (Years × 12)
How interest is calculated
Initially, a large portion of your EMI goes toward paying the interest, while only a small fraction reduces the principal. As your loan matures, the interest component shrinks, and the principal repayment component grows. You can clearly see this trend in the Amortization chart above.