Home · EMI calculator
See the EMI before you commit to it.
Move the three sliders. The monthly figure, the total interest and the year-by-year breakdown all update as you go — so you can find the tenure that actually fits your household rather than the one the branch suggests.
Your loan
Estimate only
Not a sanction
Rates differ by lender and profile. Your real EMI is fixed only in the sanction letter.
| Period | Principal paid | Interest paid | Balance |
|---|
Notice how little principal comes off in the first few years. That is why an early prepayment removes far more interest than the same amount paid later.
Reading the numbers
Three things the calculator is telling you.
A longer tenure is not cheaper
Stretching the loan lowers the monthly figure and raises the total substantially. Take the longest tenure you are offered for safety, then prepay when you can — that gives you a low committed EMI and a low total cost.
The early years are almost all interest
In the first years of a long loan, most of each EMI services interest rather than reducing what you owe. A lump sum paid early therefore removes a disproportionate amount of future interest.
Small rate gaps are large sums
Drag the rate slider by half a percent on a twenty-year loan and watch the total interest move. That single number is the reason it is worth comparing lenders instead of accepting the first sanction.
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