Work out the monthly EMI for any loan, see how much goes to interest, and get the year-wise repayment schedule.
Up to 30 years
Fill in the details to see the year-wise breakdown.
Example: ₹30 lakh for 20 years at 8.5% gives an EMI of ₹26,035. Over 240 months you repay ₹62.48 lakh, of which ₹32.48 lakh is interest.
| Loan | Typical rate | Typical tenure |
|---|---|---|
| Home loan | 8–9.5% | Up to 30 years |
| Car loan | 8.5–11% | Up to 7 years |
| Personal loan | 10.5–24% | 1–5 years |
| Business loan | 12–24% | 1–5 years |
| Education loan | 8.5–13% | Up to 15 years |
| Two-wheeler loan | 10–18% | 1–4 years |
Rates depend on your credit score, income and lender, and change with the RBI repo rate.
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1). This calculator does it for you and also shows how each year’s payments split between principal and interest.
Interest is charged on the outstanding balance, which is highest at the start. As you repay principal, the interest part of each EMI shrinks.
Prepaying early in the tenure saves the most interest. Home loans on floating rates have no prepayment penalty for individuals.
Yes, but you pay much more interest overall. Choose the shortest tenure whose EMI you can comfortably afford.
These figures are estimates for planning only and are not financial advice. Actual returns, rates and charges depend on your bank, fund or scheme. Check the latest rates before you invest or borrow.