Personal Finance
EMI Calculator
Calculate the monthly EMI, total interest, and total payment for any loan.
Monthly EMI
₹10,143
Principal vs interest each year
Interest (gold) is highest in the early years and shrinks as the loan reduces.
Loan balance vs equity
Your outstanding balance falls while the equity you build rises.
What is amortization?
Amortization is simply how each EMI is split between paying interest and repaying what you borrowed. Early on, most of your EMI goes towards interest because the outstanding amount is large. As the balance shrinks, more of every EMI chips away at the principal. Your EMI stays the same — only the split changes.
Simple example:borrow ₹1,00,000 at 12% for one year. The first month's interest is ₹1,000 (1% of ₹1,00,000), so only the rest of the EMI reduces the loan. By the final month the balance is tiny, so almost the whole EMI goes to principal.
About the EMI Calculator
Plan any loan with this EMI calculator. Enter the loan amount, interest rate, and tenure to see your equated monthly instalment, the total interest you will pay over the term, and the total amount repayable.
This calculator provides estimates for general guidance only and does not constitute professional advice. For advice specific to your situation, please get in touch.