Loan EMI Calculator
Monthly EMI, total interest and a year-by-year repayment schedule — or work backwards to the loan an EMI can support.
- Loan amount
- ₹50,00,000
- Monthly EMI
- ₹52,211
- Total interest
- ₹43,98,022
- Total payment
- ₹93,98,022
Year-by-year schedule
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,58,310 | ₹4,68,225 | ₹48,41,690 |
| 2 | ₹1,74,022 | ₹4,52,513 | ₹46,67,668 |
| 3 | ₹1,91,293 | ₹4,35,241 | ₹44,76,374 |
| 4 | ₹2,10,279 | ₹4,16,256 | ₹42,66,096 |
| 5 | ₹2,31,148 | ₹3,95,386 | ₹40,34,947 |
| 6 | ₹2,54,089 | ₹3,72,446 | ₹37,80,858 |
| 7 | ₹2,79,307 | ₹3,47,228 | ₹35,01,551 |
| 8 | ₹3,07,028 | ₹3,19,507 | ₹31,94,524 |
| 9 | ₹3,37,499 | ₹2,89,035 | ₹28,57,024 |
| 10 | ₹3,70,995 | ₹2,55,539 | ₹24,86,029 |
| 11 | ₹4,07,816 | ₹2,18,719 | ₹20,78,213 |
| 12 | ₹4,48,290 | ₹1,78,244 | ₹16,29,923 |
| 13 | ₹4,92,782 | ₹1,33,753 | ₹11,37,141 |
| 14 | ₹5,41,690 | ₹84,845 | ₹5,95,451 |
| 15 | ₹5,95,451 | ₹31,084 | ₹0 |
This calculator gives an estimate for general guidance and is not tax or legal advice. Rates, limits and the way they apply change with the law and the facts; confirm your figures with a Chartered Accountant before relying on them.
How an EMI is calculated
An equated monthly instalment keeps the payment constant while the split between interest and principal shifts: early instalments are mostly interest, later ones mostly principal. The formula is EMI = P × r × (1+r)n ÷ ((1+r)n − 1), where P is the loan, r the monthly rate (annual rate ÷ 12) and n the number of months.
The reverse mode turns this round: tell it the EMI you can afford, the rate and the tenure, and it returns the largest loan that fits.
Lenders quote interest on the reducing balance, which is what is assumed here. Processing fees, insurance and prepayment charges are not included, and floating rates will move the figures.
Our partners advise on this every year — see Project reports and bank funding or contact an office near you.
Common questions
Does a longer tenure save money?
It lowers the EMI but raises the total interest, often by a lot. Compare the “total interest” line across tenures.
Will my bank’s figure match exactly?
Close, but small differences come from the day count between disbursement and the first EMI, rounding, and rate changes on floating loans.
Can we help arrange the finance?
Yes — our project financing practice prepares project reports and CMA data and supports the loan through sanction and disbursement.