DhanikaCal

EMI Calculator

Calculate your Equated Monthly Instalment (EMI) for home loans, car loans, and personal loans. View the complete amortization schedule with principal and interest breakup.

₹
₹1,00,000₹10,00,00,000
%
1%20%
Yrs
1Yrs30Yrs

Monthly EMI

₹21,696

Total Interest

₹27,06,939

Total Payment

₹52,06,939

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Principal vs Interest Over Time

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Amortization Schedule (Yearly)

YearPrincipal PaidInterest PaidTotal PaidBalance
1₹49,756₹2,10,591₹2,60,347₹24,50,244
2₹1,03,909₹4,16,785₹5,20,694₹23,96,091
3₹1,62,850₹6,18,191₹7,81,041₹23,37,150
4₹2,27,000₹8,14,388₹10,41,388₹22,73,000
5₹2,96,820₹10,04,914₹13,01,735₹22,03,180
6₹3,72,812₹11,89,269₹15,62,082₹21,27,188
7₹4,55,521₹13,66,907₹18,22,429₹20,44,479
8₹5,45,541₹15,37,235₹20,82,776₹19,54,459
9₹6,43,518₹16,99,605₹23,43,123₹18,56,482
10₹7,50,154₹18,53,315₹26,03,470₹17,49,846
11₹8,66,217₹19,97,600₹28,63,817₹16,33,783
12₹9,92,538₹21,31,625₹31,24,164₹15,07,462
13₹11,30,026₹22,54,485₹33,84,511₹13,69,974
14₹12,79,665₹23,65,192₹36,44,858₹12,20,335
15₹14,42,532₹24,62,673₹39,05,205₹10,57,468
16₹16,19,794₹25,45,757₹41,65,552₹8,80,206
17₹18,12,725₹26,13,174₹44,25,898₹6,87,275
18₹20,22,709₹26,63,536₹46,86,245₹4,77,291
19₹22,51,254₹26,95,339₹49,46,592₹2,48,746
20₹25,00,000₹27,06,939₹52,06,939₹0

What is EMI?

EMI (Equated Monthly Instalment) is the fixed payment amount you make to the lender each month until the loan is fully paid off. It consists of both principal and interest components. In the initial years, the interest portion is higher; as the loan matures, more of the EMI goes towards principal repayment.

EMI Formula

EMI = [P × r × (1+r)n] / [(1+r)n - 1], where P = Loan amount, r = Monthly interest rate, n = Total months.