4x Engineer

Free · No sign-up

Loan EMI Calculator

Work out the monthly EMI of a home, car, personal or education loan in seconds. Enter the loan amount, interest rate and tenure to see your monthly EMI, the total interest, the full amortization schedule and how much a prepayment can save you. It is free to use, with no sign-up.

  • Prepayment & comparison
  • Month-by-month schedule
  • CSV & PDF download

Loan details

Change the values, then press Calculate.

From ₹1,000 to ₹10,00,00,000

From 0% to 50% a year

Tenure in

From 1 to 40 years (480 months)

First EMI
Prepayment (optional)

Extra payments go straight to the principal, after that month's EMI.

One-time lump sums

Up to 24, each between the first and the last EMI. Leave the amount empty to skip a row.

After a prepayment
Reset

Nothing you enter is stored. Refreshing the page clears the result.

Loan EMI Calculator – report

Calculated on 15 Oct 2026

Your loan at a glance

60 EMIs from Oct 2026 to Sep 2031 (5 years)

Loan amount
₹10,00,000
Interest rate
6.50% p.a.
Tenure
5 years (60 months)
First EMI
Oct 2026

Monthly EMI

₹19,566

for 5 years

Principal amount

₹10,00,000

Total interest

₹1,73,969

Total amount

₹11,73,969

Principal vs interest Of the total amount of ₹11,73,969, the principal is ₹10,00,000 (85.2%) and the interest is ₹1,73,969 (14.8%).
Outstanding balance by year At the end of each calendar year, as a share of the loan
Show as a table
Outstanding balance at the end of each year
YearBalance leftShare of loan
2026₹9,57,32195.7%
2027₹7,79,51878.0%
2028₹5,89,80759.0%
2029₹3,87,39138.7%
2030₹1,71,41917.1%
2031₹00.0%

Amortization schedule

Year by year; open a year to see every month. Amounts are rounded to the rupee.

  1. Monthly repayments in 2026
    Month Principal paid Interest charged Total payment Balance
    Oct 2026 ₹14,149 ₹5,417 ₹19,566 ₹9,85,851
    Nov 2026 ₹14,226 ₹5,340 ₹19,566 ₹9,71,624
    Dec 2026 ₹14,303 ₹5,263 ₹19,566 ₹9,57,321
    2026 total ₹42,679 ₹16,020 ₹58,698 ₹9,57,321

  2. Monthly repayments in 2027
    Month Principal paid Interest charged Total payment Balance
    Jan 2027 ₹14,381 ₹5,185 ₹19,566 ₹9,42,941
    Feb 2027 ₹14,459 ₹5,108 ₹19,566 ₹9,28,482
    Mar 2027 ₹14,537 ₹5,029 ₹19,566 ₹9,13,945
    Apr 2027 ₹14,616 ₹4,951 ₹19,566 ₹8,99,330
    May 2027 ₹14,695 ₹4,871 ₹19,566 ₹8,84,635
    Jun 2027 ₹14,774 ₹4,792 ₹19,566 ₹8,69,860
    Jul 2027 ₹14,854 ₹4,712 ₹19,566 ₹8,55,006
    Aug 2027 ₹14,935 ₹4,631 ₹19,566 ₹8,40,071
    Sep 2027 ₹15,016 ₹4,550 ₹19,566 ₹8,25,055
    Oct 2027 ₹15,097 ₹4,469 ₹19,566 ₹8,09,958
    Nov 2027 ₹15,179 ₹4,387 ₹19,566 ₹7,94,779
    Dec 2027 ₹15,261 ₹4,305 ₹19,566 ₹7,79,518
    2027 total ₹1,77,803 ₹56,991 ₹2,34,794 ₹7,79,518

  3. Monthly repayments in 2028
    Month Principal paid Interest charged Total payment Balance
    Jan 2028 ₹15,344 ₹4,222 ₹19,566 ₹7,64,174
    Feb 2028 ₹15,427 ₹4,139 ₹19,566 ₹7,48,748
    Mar 2028 ₹15,510 ₹4,056 ₹19,566 ₹7,33,237
    Apr 2028 ₹15,594 ₹3,972 ₹19,566 ₹7,17,643
    May 2028 ₹15,679 ₹3,887 ₹19,566 ₹7,01,964
    Jun 2028 ₹15,764 ₹3,802 ₹19,566 ₹6,86,200
    Jul 2028 ₹15,849 ₹3,717 ₹19,566 ₹6,70,351
    Aug 2028 ₹15,935 ₹3,631 ₹19,566 ₹6,54,416
    Sep 2028 ₹16,021 ₹3,545 ₹19,566 ₹6,38,394
    Oct 2028 ₹16,108 ₹3,458 ₹19,566 ₹6,22,286
    Nov 2028 ₹16,195 ₹3,371 ₹19,566 ₹6,06,091
    Dec 2028 ₹16,283 ₹3,283 ₹19,566 ₹5,89,807
    2028 total ₹1,89,711 ₹45,083 ₹2,34,794 ₹5,89,807

  4. Monthly repayments in 2029
    Month Principal paid Interest charged Total payment Balance
    Jan 2029 ₹16,371 ₹3,195 ₹19,566 ₹5,73,436
    Feb 2029 ₹16,460 ₹3,106 ₹19,566 ₹5,56,976
    Mar 2029 ₹16,549 ₹3,017 ₹19,566 ₹5,40,427
    Apr 2029 ₹16,639 ₹2,927 ₹19,566 ₹5,23,788
    May 2029 ₹16,729 ₹2,837 ₹19,566 ₹5,07,059
    Jun 2029 ₹16,820 ₹2,747 ₹19,566 ₹4,90,239
    Jul 2029 ₹16,911 ₹2,655 ₹19,566 ₹4,73,329
    Aug 2029 ₹17,002 ₹2,564 ₹19,566 ₹4,56,327
    Sep 2029 ₹17,094 ₹2,472 ₹19,566 ₹4,39,232
    Oct 2029 ₹17,187 ₹2,379 ₹19,566 ₹4,22,045
    Nov 2029 ₹17,280 ₹2,286 ₹19,566 ₹4,04,765
    Dec 2029 ₹17,374 ₹2,192 ₹19,566 ₹3,87,391
    2029 total ₹2,02,416 ₹32,378 ₹2,34,794 ₹3,87,391

  5. Monthly repayments in 2030
    Month Principal paid Interest charged Total payment Balance
    Jan 2030 ₹17,468 ₹2,098 ₹19,566 ₹3,69,924
    Feb 2030 ₹17,562 ₹2,004 ₹19,566 ₹3,52,361
    Mar 2030 ₹17,658 ₹1,909 ₹19,566 ₹3,34,704
    Apr 2030 ₹17,753 ₹1,813 ₹19,566 ₹3,16,951
    May 2030 ₹17,849 ₹1,717 ₹19,566 ₹2,99,101
    Jun 2030 ₹17,946 ₹1,620 ₹19,566 ₹2,81,155
    Jul 2030 ₹18,043 ₹1,523 ₹19,566 ₹2,63,112
    Aug 2030 ₹18,141 ₹1,425 ₹19,566 ₹2,44,971
    Sep 2030 ₹18,239 ₹1,327 ₹19,566 ₹2,26,732
    Oct 2030 ₹18,338 ₹1,228 ₹19,566 ₹2,08,394
    Nov 2030 ₹18,437 ₹1,129 ₹19,566 ₹1,89,956
    Dec 2030 ₹18,537 ₹1,029 ₹19,566 ₹1,71,419
    2030 total ₹2,15,972 ₹18,822 ₹2,34,794 ₹1,71,419

  6. Monthly repayments in 2031
    Month Principal paid Interest charged Total payment Balance
    Jan 2031 ₹18,638 ₹929 ₹19,566 ₹1,52,782
    Feb 2031 ₹18,739 ₹828 ₹19,566 ₹1,34,043
    Mar 2031 ₹18,840 ₹726 ₹19,566 ₹1,15,203
    Apr 2031 ₹18,942 ₹624 ₹19,566 ₹96,261
    May 2031 ₹19,045 ₹521 ₹19,566 ₹77,216
    Jun 2031 ₹19,148 ₹418 ₹19,566 ₹58,068
    Jul 2031 ₹19,252 ₹315 ₹19,566 ₹38,817
    Aug 2031 ₹19,356 ₹210 ₹19,566 ₹19,461
    Sep 2031 ₹19,461 ₹105 ₹19,566 ₹0
    2031 total ₹1,71,419 ₹4,676 ₹1,76,095 ₹0

What is an EMI?

An EMI (equated monthly instalment) is the fixed amount you pay your lender every month until a loan is repaid. Each EMI has two parts: the interest for that month and a repayment of the principal, the amount you borrowed. Home loans, car loans, personal loans and education loans in India are usually repaid this way, on a reducing balance: interest is charged only on the principal that is still outstanding.

How is EMI calculated?

Every EMI calculator, including this loan EMI calculator, uses the standard formula:

EMI = P × r × (1 + r)n / ((1 + r)n − 1)

P
the principal, the loan amount you borrow
r
the monthly interest rate: the yearly rate divided by 12 and by 100
n
the tenure in months, the number of EMIs

Worked example

For a loan of ₹10,00,000 at 6.5% a year for 5 years: P = ₹10,00,000, r = 6.5 / 12 / 100 (about 0.5417% a month) and n = 60. The EMI is ₹19,566.15, about ₹19,566 a month. Over 60 months you pay ₹1,73,969 in interest, so the total amount paid is ₹11,73,969.

How to use this calculator

  1. Enter the loan amount, the yearly interest rate and the tenure in years or months.
  2. Choose the month of your first EMI.
  3. Optionally open Prepayment and add extra monthly or yearly payments or one-time lump sums.
  4. Press Calculate to see your EMI, total interest and the amortization schedule.
  5. Download the schedule as CSV, or print it or save it as a PDF.

What is an amortization schedule?

An amortization schedule lists every EMI with its split between principal and interest and the balance left afterwards. Early in the loan the balance is high, so most of each EMI is interest. As the balance falls, the interest part shrinks and a larger share of every EMI repays the principal, until the balance reaches zero.

How prepayment reduces your interest

A prepayment is money you pay on top of your EMI. It goes straight to the principal, so the balance and every future month's interest drop. This prepayment calculator lets you choose what happens next:

Reduce tenure

Your EMI stays the same and the loan closes earlier. This usually saves the most interest.

Reduce EMI

The loan keeps its original end date and the EMI is recalculated, so you pay less every month.

Factors that affect your EMI

Loan amount

A larger loan means a larger EMI and more interest in total, at the same rate and tenure.

Interest rate

A higher rate raises both the EMI and the total interest. Even a small difference adds up over a long home loan EMI.

Tenure

A longer tenure lowers the EMI but increases the total interest; a shorter tenure does the opposite.

Frequently asked questions

How is loan EMI calculated?

EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate (the yearly rate divided by 12 and by 100) and n is the number of monthly instalments. Each month the interest is charged on the balance still owed, and the rest of the EMI repays the principal.

Does a longer tenure reduce my EMI?

Yes. Spreading the same loan over more months lowers the monthly EMI, but you pay interest for longer, so the total interest goes up. A shorter tenure means a higher EMI and less interest in total.

Is it better to reduce EMI or tenure after a prepayment?

Reducing the tenure keeps your EMI the same and closes the loan earlier, which usually saves more interest. Reducing the EMI keeps the end date and lowers the monthly amount, which helps your monthly budget. The calculator shows both results so you can compare them.

Is the result exact?

The calculator uses exact decimal arithmetic, rounds every month's interest to the paisa and adjusts the last instalment so the loan closes at exactly zero. Your lender's figures can still differ slightly because of its own rounding, fees and rate changes, so treat the result as an estimate.

Can I use it for home, car and personal loans?

Yes. It works for any loan repaid in equal monthly instalments on a reducing balance, such as home loans, car loans, personal loans and education loans.

Can I download my amortization schedule?

Yes. Press Download CSV to get the full month-by-month schedule for Excel or Google Sheets, or Print / Save as PDF for a clean printable report.

Is my data saved?

No. The calculation runs when you press Calculate and nothing you enter is stored, logged or kept in a cookie. Refreshing the page clears the result.