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Home›EMI Calculator

EMI Calculator

Calculate your Equated Monthly Installment (EMI) for home loans, car loans, and personal loans. See full amortization schedule with year-by-year breakdown.

Monthly EMI

₹8,678

Principal Amount₹10,00,000
Total Interest₹10,82,776

Total Amount₹20,82,776
🟡 Principal (48%)🔴 Interest (52%)

💡 Smart Insights

You'll pay ₹10,82,776 as interest — that's 52% of total payment.

In Year 1, 81% of EMI goes to interest.

If salary is ₹50K, EMI is 17% of income. Comfortable ratio.

₹1L prepayment in Year 1 saves ~₹80,750 in interest.

📊 Principal vs Interest (Year-by-Year)

🟡 Principal🔴 InterestPrincipal grows each year as interest shrinks

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Frequently Asked Questions

What is EMI?▼
EMI (Equated Monthly Installment) is a fixed monthly payment made to a lender to repay a loan. It includes both principal and interest components.
How is EMI calculated?▼
EMI = [P × r × (1+r)^n] / [(1+r)^n – 1], where P = principal, r = monthly interest rate, n = number of months.
Does prepayment reduce EMI?▼
Yes. Prepaying reduces your outstanding principal, which either reduces your EMI amount or shortens your loan tenure, depending on your bank's policy.
What is a good EMI-to-income ratio?▼
Financial experts recommend keeping your total EMI obligations below 40-50% of your monthly income for healthy finances.
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