💰 Free EMI Calculator — all loan types
Loan EMI Calculator
Calculate EMI for home, car, business, personal, education & gold loans — with full year-wise repayment schedule.
Loan amount₹30 L
₹1 L₹5 Cr
Interest rate (% p.a.)8.5%
6%15%
Tenure20 yr
Years
+ Months
1 yr30 yr
💡Home loan interest gives you tax benefits under Sec 24(b) up to ₹2L/yr, plus Sec 80C on principal up to ₹1.5L/yr.
Home Loan — Monthly EMI
₹26,035
240 monthly instalments
Principal amount₹30,00,000
Total interest₹32,48,327
Total payable₹62,48,327
■ Principal 48%■ Interest 52%
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How is EMI calculated?
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is the loan amount, r the monthly interest rate and n the number of monthly instalments. Early EMIs are interest-heavy; later ones repay more principal — see the year-wise schedule above.
3 ways to lower your EMI
- Longer tenure lowers the EMI but raises total interest — balance both.
- Higher down payment shrinks the principal and every EMI after it.
- Prepay early — even one extra EMI a year cuts years off the schedule.