₹10.00 L
8.5%
10 Years
Outstanding Balance Over Time
Shows how your loan balance reduces year-by-year based on your EMI.
Your Monthly EMI
₹12,399
Total Principal
₹10.00 L
Total Interest
₹4.88 L
Total Payment
₹14.88 L
Payment Breakdown
Principal
Interest
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Total Payment | Balance |
|---|---|---|---|---|
| 1 | ₹66,327 | ₹82,456 | ₹1.49 L | ₹9.34 L |
| 2 | ₹72,190 | ₹76,593 | ₹1.49 L | ₹8.61 L |
| 3 | ₹78,571 | ₹70,212 | ₹1.49 L | ₹7.83 L |
| 4 | ₹85,516 | ₹63,267 | ₹1.49 L | ₹6.97 L |
| 5 | ₹93,075 | ₹55,708 | ₹1.49 L | ₹6.04 L |
| 6 | ₹1.01 L | ₹47,481 | ₹1.49 L | ₹5.03 L |
| 7 | ₹1.10 L | ₹38,527 | ₹1.49 L | ₹3.93 L |
| 8 | ₹1.20 L | ₹28,781 | ₹1.49 L | ₹2.73 L |
| 9 | ₹1.31 L | ₹18,174 | ₹1.49 L | ₹1.42 L |
| 10 | ₹1.42 L | ₹6,630 | ₹1.49 L | ₹0 |
What is a EMI Calculator?
An EMI Calculator computes your Equated Monthly Installment — the fixed monthly amount you pay to repay a loan. It breaks each payment into principal and interest components and generates a full amortization schedule so you can see exactly where your money goes each month.
How to Use It
- 1Enter the loan principal amount (e.g. ₹20,00,000 for a home loan)
- 2Input the annual interest rate offered by your bank
- 3Set the loan tenure in years
- 4View your monthly EMI, total interest payable, and total repayment amount
- 5Scroll down to see the month-by-month amortization table
Example
A ₹20 lakh home loan at 8.5% for 20 years gives an EMI of ₹17,356/month. Total repayment: ₹41.65 lakh — meaning ₹21.65 lakh goes purely to interest. Reducing tenure to 15 years raises EMI to ₹19,680 but saves over ₹7 lakh in interest.
Why Use It
- Compare different loan amounts, tenures, and rates before applying
- Budget your monthly expenses accurately around the EMI
- See exactly how much interest a longer tenure costs you
- Negotiate smarter with your bank using accurate numbers