Plan a loan with confidence.
Calculate your monthly EMI, see the interest you'll pay, and understand exactly where each rupee goes.
Monthly EMI
Total interest
Total payment
Total payment
₹1,04,13,879
- Principal₹50,00,00048.0%
- Interest₹54,13,87952.0%
Reducing balance method
Each EMI is split between interest (on the remaining balance) and principal - early EMIs are mostly interest.
Per ₹ borrowed
You'll repay ₹2.08 for every ₹1 borrowed.
Tip
Even small prepayments early can dramatically shrink interest. Try the prepayment calculator.
EMI stands for Equated Monthly Instalment - a fixed amount you pay every month to repay a loan. It's calculated using the standard reducing-balance formula:
EMI = P × r × (1+r)^n / ((1+r)^n − 1)
Where P is the principal, r is the monthly interest rate, and n is the number of months.
Even though your EMI is constant, the split changes - early on, most of it goes to interest. As the balance shrinks, more goes toward principal. That's why prepaying early is so powerful.