EMI Calculator - Home, Car & Personal Loan

Analyze your monthly loan payments, interest splits, and declining balance structures with dynamic graphical charts.

Reviewed for Budget 2025 • Last updated 19 June 2026 • by Sandesh D.

Loan Parameters

Loan Amount₹50,00,000
Principal loan amount you wish to borrow
₹
Interest Rate (% p.a.)8.5%
Annual reducing interest rate charged by the bank
%
Loan Tenure (Years)20 Years
Duration of the loan in years
Years

Estimation Summary

Principal Amount (48%)Total Interest (52%)
Monthly EMI₹43,391
Total Interest₹54,13,879
Total Payment₹1,04,13,879
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Calculation Methodology & Rules

A general-purpose EMI and amortization tool for any loan — home, car, personal or other. For loan-specific guidance, link out to the dedicated pages.

Worked example: ₹10 lakh loan at 10% for 5 years

If you borrow ₹10 Lakhs at a fixed annual interest rate of 10% for a tenure of 5 years (60 months), here is how your loan payment structure looks:

  • Principal Loan Amount (P): ₹10,00,000
  • Annual Interest Rate: 10% (Monthly rate r = 0.833% per month)
  • Loan Tenure: 5 Years (60 monthly installments)
  • Computed Monthly EMI: ₹21,247 / month
  • Total Interest Payable: ₹2,74,823
  • Total Repayment Amount: ₹12,74,823

Need help with specialized loan types? Calculate and compare schedules using our dedicated tools:

Reducing-Balance EMI Formula

The monthly installment (EMI) is computed using the following equation:

EMI = [ P × r × (1 + r)n ] / [ (1 + r)n - 1 ]

Where:

  • P: Principal loan amount (₹)
  • r: Monthly interest rate (Assumed annual rate % / 12 / 100)
  • n: Total number of monthly installments (Tenure in years × 12)

Calculation Rules & Assumptions

  • Compounding Frequency: Interest is compounded monthly on the declining outstanding principal balance.
  • Payment Timing: Installments are assumed to be paid at the end of each monthly period.
  • Prepayments: Projections do not account for taxes, processing fees, documentation charges, or future prepayments, which vary across banks.
For detailed rules, formulas, references, and official guidelines, see the complete Ganakam Calculation Methodology.

Frequently Asked Questions

EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the principal, r the monthly interest rate and n the number of months. The tool also shows the full amortization schedule.

Yes — a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.

The schedule showing how each EMI splits between interest and principal. Early EMIs are interest-heavy; later ones are principal-heavy.