EMI Calculator
Calculate your Equated Monthly Installment (EMI) for Home, Car, or Personal loans and understand the long-term interest cost.
Total principal amount you want to borrow
Annual interest rate charged by the bank
Duration of the loan in years
Did you know?
- • Higher tenure means lower EMI but much higher total interest.
- • Prepaying even small amounts can significantly reduce your tenure.
- • Compare interest rates from multiple banks before deciding.
Monthly EMI
₹8,678
Total Interest
₹10,82,776
Total Amount
₹20,82,776
Loan Cost Breakdown
Repayment Summary
Monthly Payment
Every month for 20 years
₹8,678
Interest Impact
You will pay ₹10,82,776 in interest over the life of the loan. This is about 108% of your principal loan amount.
Pro Tip
Increasing your EMI by just ₹1,000 extra per month (or one extra EMI per year) could potentially save you years of repayment and lakhs in interest.
Planning to buy a house?
Aim for at least 20% downpayment to keep your EMI and interest burden manageable. Your total EMIs should ideally not exceed 40% of your take-home pay.