India · Tools
Loan EMI calculator.
Enter the loan amount, rate, and tenure. Or pick a bank and use today's actual EBLR. See the full amortisation schedule, not just the headline EMI.
Inputs
240 months · 20.00 years
The published rate is the bank's benchmark. Your sanctioned rate will sit above this by a spread the bank decides at underwriting, based on your credit profile, loan-to-value, and product type.
EMI breakdown
Monthly EMI
8.50% · 20.0 years
Total interest
₹54,13,879
108.3% of principal
Total payment
₹1,04,13,879
Over 20.0 years
Crossover month
Principal exceeds interest in your EMI starting month 143 (11.9 years in)
Cumulative outgo · principal vs interest
Monthly
Amortisation schedule
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹99,511 | ₹4,21,182 | ₹49,00,489 |
| 2 | ₹1,08,307 | ₹4,12,387 | ₹47,92,181 |
| 3 | ₹1,17,881 | ₹4,02,813 | ₹46,74,300 |
| ⋮ | |||
| 19 | ₹4,57,090 | ₹63,604 | ₹4,97,492 |
| 20 | ₹4,97,492 | ₹23,202 | ₹0 |
Indicative figure. Your sanctioned rate will be the bank's benchmark (EBLR or MCLR) plus a spread set at the time of sanction. That spread is a function of your credit score, income, the loan-to-value ratio, and the product type. Processing fees, GST, and stamp duty are not included; they typically add 0.5% to 1% of the loan amount at disbursal. Confirm the exact EMI with your lender.
How EMI is calculated
One formula, two surprises.
EMI follows the standard amortisation formula:
EMI = P × r × (1 + r)n / ((1 + r)n − 1)
where P is the principal, r is the monthly rate (annual ÷ 12), and n is the tenure in months.
Surprise one: the interest you pay in the first few years is much higher than the principal. A 20-year ₹50 lakh loan at 8.5% has you paying ~₹35,000 in interest and ~₹8,000 in principal each month for the first year. The schedule below shows the cross-over month.
Surprise two: EBLR is floating. The bank resets your rate within 3 months of an RBI repo move. The EMI shown is at today's rate. A 25 bps cut next quarter shaves a small amount off your EMI for the rest of the tenure.
Processing fees, GST, and stamp duty are not included. They add 0.5-1% of the loan amount at disbursal.