Smart EMI Calculator

Calculate monthly installments with interactive charts, amortization schedules, and loan comparisons.

Reducing Balance — Interest calculated on remaining principal
₹
₹1K ₹2Cr
%
0.1% 30%
1 Yr 30 Yr
Prepayment / Extra EMI
₹
₹0 ₹10 Lakh
Monthly EMI
₹21,698
for 20 years
Principal Amount ₹25,00,000
Total Interest ₹27,07,529
Total Amount ₹52,07,529
Total ₹52.1L

Amortization Schedule

Year-by-year and month-by-month breakdown of your loan repayment

Scroll horizontally for full breakdown
Year Principal (₹) Interest (₹) Total Payment (₹) Balance (₹) Loan Paid (%)

Loan Comparison

Compare up to 3 different loan options side by side (including Flat vs. Reducing rates)

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Click the + Add Loan to Compare button above to start comparing up to 3 loan options side-by-side.

Quick Eligibility Check

Estimate your loan eligibility based on your income

₹
₹
Banks typically allow EMI up to 50-60% of your net monthly income
You may be eligible for up to
₹44,23,000
Max EMI Possible ₹50,000
At Rate 8.5%
For Tenure 20 Years

How EMI is Calculated

Understanding the mathematics behind your monthly installment

EMI = P × r × (1 + r)n / [(1 + r)n – 1]
P Principal loan amount
r Monthly interest rate (annual rate ÷ 12 ÷ 100)
n Number of monthly installments (tenure in months)

Your Calculation