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EMI Calculator — Loan Repayment Planner

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🏦 EMI Calculator

Calculate monthly EMI · Total interest payable · Full amortization schedule · Effective annual rate

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Loan Parameters
Loan Amount ₹50,00,000
₹1L ₹25L ₹50L ₹75L ₹1Cr
₹
Interest Rate (per annum) 8.50 % p.a.
1% 8% 15% 22% 30%
% p.a.
Loan Tenure 20 years
1yr 8yr 15yr 22yr 30yr
years
📊
EMI Breakdown
Monthly EMI
₹43,391
for 240 months · ₹50,00,000 @ 8.50% p.a.
Principal Amount
₹50,00,000
Total Interest
₹54,13,840
Total Payment
₹1,04,13,840
Interest Ratio
52.0%
48% PRINCIPAL
Principal
₹50,00,000
Total Interest
₹54,13,840
Total Payable
₹1,04,13,840
Effective Annual %
—
Monthly Amortization Schedule
Month Opening Balance Principal Paid Interest Paid EMI Closing Balance
📈
Simple Interest Parameters
Principal Amount ₹50,000
₹10K ₹12.5L ₹25L ₹37.5L ₹50L
₹
Interest Rate (per annum) 10.00 % p.a.
1% 8% 15% 22% 30%
% p.a.
Loan Tenure 5 years
1yr 8yr 15yr 22yr 30yr
years
💡
Effective Annual % Breakdown
Effective Annual Rate
10.99%
You pay ₹5,496/yr on ₹50,000 principal → cost per rupee = 10.99% p.a.
Give & Take — How we arrive at this
1
Total Simple Interest = P × R × T ÷ 100
₹50,000 × 10% × 5 = ₹25,000
2
Per Year Burden = Total SI ÷ Tenure
₹25,000 ÷ 5 = ₹5,000 / yr
3
Monthly Interest = Per Year ÷ 12
₹5,000 ÷ 12 = ₹416.67 / mo
4
Effective Annual % = (Per Year ÷ Principal) × 100
(₹5,000 ÷ ₹50,000) × 100 = 10.00%
Total SI Paid
₹25,000
Total Payable
₹75,000
Per Year Burden
₹5,000
Monthly Interest
₹416.67
67% PRINCIPAL
Principal
₹50,000
Total Interest
₹25,000
Total Payable
₹75,000
Yearly Simple Interest Schedule
Year Principal (Fixed) Interest This Year Cumulative Interest Total Paid So Far Effective Rate This Year
Frequently Asked Questions
What is EMI?
EMI (Equated Monthly Instalment) is the fixed monthly payment you make to repay a loan. Each EMI covers a portion of the principal plus interest on the outstanding balance.
How is EMI calculated?
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P = principal, r = monthly interest rate (annual rate ÷ 1200), n = total months.
What is the EMI for a ₹50L home loan at 8.5% for 20 years?
The monthly EMI is approximately ₹43,391 with total interest payable of around ₹54.14 lakh over 240 months.
What is effective annual interest rate?
It is the true yearly cost of borrowing: (Total Interest ÷ Tenure ÷ Principal) × 100. This shows what percentage of the principal you actually pay as interest each year.
How can I reduce my EMI?
You can lower your EMI by negotiating a lower interest rate, increasing the tenure, making a larger down payment, or doing part-prepayments during the loan.
What is an amortization schedule?
An amortization schedule shows a month-by-month breakdown of each EMI — how much goes toward principal repayment, how much is interest, and the outstanding balance after each payment.