What is EMI?
EMI stands for Equated Monthly Instalment: the fixed monthly payment that repays loan principal and interest over the chosen tenure.
Estimate monthly loan repayments, total interest and the repayment schedule for personal, home, business, education and car loans.
Adjust the loan details to compare monthly repayments and the total cost of borrowing.
Loan details
Presets
Loan summary
Principal Investment
₹5,00,000
Interest Surcharge
₹56,512
Total Cumulative Payment
₹5,56,512
Calculate an estimated EMI for a personal, home, business, education or car loan. Select a loan type above for a calculator with loan-specific defaults and planning guidance.
EMI stands for Equated Monthly Instalment: the fixed monthly payment that repays loan principal and interest over the chosen tenure.
The calculator provides an estimate. The final EMI is based on the lender's approved loan amount, interest rate, tenure and applicable charges.
Detailed month-on-month principal and interest allocation breakdown.
| Timeline | Expected EMI | Principal Cleared | Interest Accrued | Outstanding Balance |
|---|---|---|---|---|
| Month 1 | ₹23,188 | ₹18,813 | ₹4,375 | ₹4,81,187 |
| Month 2 | ₹23,188 | ₹18,978 | ₹4,210 | ₹4,62,209 |
| Month 3 | ₹23,188 | ₹19,144 | ₹4,044 | ₹4,43,066 |
| Month 4 | ₹23,188 | ₹19,311 | ₹3,877 | ₹4,23,754 |
| Month 5 | ₹23,188 | ₹19,480 | ₹3,708 | ₹4,04,274 |
| Month 6 | ₹23,188 | ₹19,651 | ₹3,537 | ₹3,84,624 |
| Month 7 | ₹23,188 | ₹19,823 | ₹3,365 | ₹3,64,801 |
| Month 8 | ₹23,188 | ₹19,996 | ₹3,192 | ₹3,44,805 |
| Month 9 | ₹23,188 | ₹20,171 | ₹3,017 | ₹3,24,634 |
| Month 10 | ₹23,188 | ₹20,347 | ₹2,841 | ₹3,04,287 |
| Month 11 | ₹23,188 | ₹20,526 | ₹2,663 | ₹2,83,761 |
| Month 12 | ₹23,188 | ₹20,705 | ₹2,483 | ₹2,63,056 |
| Month 13 | ₹23,188 | ₹20,886 | ₹2,302 | ₹2,42,170 |
| Month 14 | ₹23,188 | ₹21,069 | ₹2,119 | ₹2,21,101 |
| Month 15 | ₹23,188 | ₹21,253 | ₹1,935 | ₹1,99,847 |
| Month 16 | ₹23,188 | ₹21,439 | ₹1,749 | ₹1,78,408 |
| Month 17 | ₹23,188 | ₹21,627 | ₹1,561 | ₹1,56,781 |
| Month 18 | ₹23,188 | ₹21,816 | ₹1,372 | ₹1,34,965 |
| Month 19 | ₹23,188 | ₹22,007 | ₹1,181 | ₹1,12,958 |
| Month 20 | ₹23,188 | ₹22,200 | ₹988 | ₹90,758 |
| Month 21 | ₹23,188 | ₹22,394 | ₹794 | ₹68,364 |
| Month 22 | ₹23,188 | ₹22,590 | ₹598 | ₹45,774 |
| Month 23 | ₹23,188 | ₹22,787 | ₹401 | ₹22,987 |
| Month 24 | ₹23,188 | ₹22,987 | ₹201 | ₹0 |