EMI Calculator

Calculate your monthly EMI for home, car, or personal loans with detailed breakdown

Loan Details 📋

Loan Amount ₹25,00,000
₹1 Lakh₹2 Cr
Interest Rate (% per year) 8.5%
5%20%
Tenure (Years) 20 yrs
1 yr30 yrs

Your EMI 💰

Monthly EMI
₹21,696
For 20 years at 8.5%
Principal
₹25.0L
Interest
₹27.1L
Total
₹52.1L
📊 Payment Breakdown
47.9% Principal
52.1% Interest

How EMI is calculated

EMI (Equated Monthly Installment) is the fixed amount you pay every month to the lender until your loan is fully repaid. It consists of both principal and interest.

EMI = [P × R × (1+R)^N] ÷ [(1+R)^N – 1]
Where P = Principal loan amount, R = Monthly interest rate, N = Number of monthly installments

Typical Interest Rates in India (2026)

🏠 Home Loan: 8.5% – 9.5% per annum

🚗 Car Loan: 9% – 12% per annum

💼 Personal Loan: 11% – 20% per annum

💡 Tip: Even a 0.5% lower interest rate can save you lakhs over the full tenure of a home loan!

⚠️ Disclaimer: EMI calculations are estimates only. Actual loan terms depend on bank policies and your credit profile. Consult your bank or a financial advisor before making any loan decisions. Read full disclaimer