Loan details

Drag the sliders or type exact values.

₹
₹10K₹1 Cr
% p.a.
1%30%
yrs
1 yr30 yrs
Monthly take-home incomeOptional. Checks if the EMI is affordable.₹

Your EMI

Reducing-balance method, the way banks calculate it.

Monthly EMI₹21,002for 60 months (5 yrs)
Principal amount
₹10,00,000
Total interest
₹2,60,112
Total amount payable
₹12,60,112
Total payable₹12.6 L
  • Interest adds ₹2,60,112 to your loan, the same as about 12 EMIs.
  • From your very first EMI, more goes to principal than to interest.
  • Paying ₹2,000 more a month closes the loan 6 mo early and saves about ₹18,011.

Plan prepayments

Lump sums and yearly top-ups cut interest the most when made early.

Bonus, maturing FD or tax refund? Add it as a prepayment and see how much interest it saves.

Raise EMI every yearMatches your salary hikes.%

What if interest rates change?

Test a repo-rate rise or cut on a floating-rate loan.

Floating-rate loans follow the RBI repo rate. Add a rise or a cut to see what it does to your EMI and loan end date.

Loan balance over time

How fast the outstanding balance falls. Prepayments make this curve steeper.

Compare loan offers

Same amount, different banks? See which is really cheaper.

Compare loan offers side by sideEnter each bank's amount, rate and tenure above, then add it here. Up to 4 offers.

Amortization schedule

Open a year to see each month's split.

YearEMIPrincipalInterestBalanceLoan paid
₹21,002₹1,64,043₹87,979₹8,35,95716%
₹21,002₹1,80,324₹71,698₹6,55,63334%
₹21,002₹1,98,221₹53,802₹4,57,41254%
₹21,002₹2,17,894₹34,129₹2,39,51976%
₹21,002₹2,39,519₹12,503₹0100%

Estimates only, not financial advice.EMI calculator by BlogBanking