EMI Calculator
Calculate your monthly Equated Monthly Instalment for home loan, car loan, or personal loan — instantly.
Loan Details
₹10,00,000
₹50,000₹1,00,00,000
8.5%
524
20 yrs
130
Monthly EMI
₹8,678
Total Payment
₹20,82,776
Total Interest
₹10,82,776
How EMI is Calculated
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
P = Principal loan amount
R = Monthly interest rate (Annual rate ÷ 1200)
N = Loan tenure in months
Tips to Reduce Your Total Interest
- →Pay a larger down payment — even 5% extra reduces total interest by lakhs on a 20-year home loan.
- →Choose the shortest tenure you can comfortably afford — EMI is higher but total interest is significantly lower.
- →Make partial prepayments whenever you receive a bonus — reduces principal, which reduces interest.
- →Negotiate your interest rate — even 0.25% lower saves ₹60,000+ on a ₹50L loan over 20 years.
- →Balance transfer to a lower-rate lender if your current rate is 0.5%+ higher than market rates.