Calculators
The EMI is the easy part. Look at the interest.
Both calculators use the reducing-balance formula every Indian lender uses. Drag the sliders or type a figure; the year-wise table shows how much of each year's payments is interest.
Personal & business loans
Short tenures, higher rates.
Typical range: ₹50,000 to ₹40 lakh, 1 to 6 years, 10.5% – 24% p.a. For business loans push the rate up a few points.
Personal loan EMI
Indicative- Principal
- ₹1,00,000
- Total interest
- ₹7,745
- Total you repay
- ₹1,07,745
- Interest as % of loan
- 8%
Reducing-balance method, rate held constant. Your lender's EMI will differ with its exact rate, processing fee and disbursal date.
Year-wise repayment
| Year | Principal paid | Interest paid | Balance at year end |
|---|---|---|---|
| 1 | ₹1,00,000 | ₹7,745 | ₹0 |
| Total | ₹1,00,000 | ₹7,745 | — |
Home loans
Long tenures, where interest can exceed the loan.
Typical range: ₹5 lakh to ₹5 crore, 5 to 30 years, 8.25% – 11.5% p.a. floating. The repayment total is the number to sit with.
Home loan EMI
Indicative- Principal
- ₹40,00,000
- Total interest
- ₹44,83,623
- Total you repay
- ₹84,83,623
- Interest as % of loan
- 112%
Reducing-balance method, rate held constant. Your lender's EMI will differ with its exact rate, processing fee and disbursal date.
Year-wise repayment
| Year | Principal paid | Interest paid | Balance at year end |
|---|---|---|---|
| 1 | ₹77,230 | ₹3,46,952 | ₹39,22,770 |
| 2 | ₹84,265 | ₹3,39,916 | ₹38,38,505 |
| 3 | ₹91,941 | ₹3,32,240 | ₹37,46,564 |
| 4 | ₹1,00,317 | ₹3,23,865 | ₹36,46,248 |
| 5 | ₹1,09,455 | ₹3,14,726 | ₹35,36,793 |
| 6 | ₹1,19,426 | ₹3,04,755 | ₹34,17,367 |
| 7 | ₹1,30,305 | ₹2,93,876 | ₹32,87,062 |
| 8 | ₹1,42,175 | ₹2,82,006 | ₹31,44,887 |
| 9 | ₹1,55,127 | ₹2,69,054 | ₹29,89,760 |
| 10 | ₹1,69,258 | ₹2,54,923 | ₹28,20,501 |
| 11 | ₹1,84,677 | ₹2,39,504 | ₹26,35,824 |
| 12 | ₹2,01,500 | ₹2,22,681 | ₹24,34,324 |
| 13 | ₹2,19,856 | ₹2,04,325 | ₹22,14,468 |
| 14 | ₹2,39,884 | ₹1,84,297 | ₹19,74,584 |
| 15 | ₹2,61,737 | ₹1,62,445 | ₹17,12,847 |
| 16 | ₹2,85,580 | ₹1,38,601 | ₹14,27,268 |
| 17 | ₹3,11,595 | ₹1,12,586 | ₹11,15,673 |
| 18 | ₹3,39,980 | ₹84,201 | ₹7,75,693 |
| 19 | ₹3,70,951 | ₹53,231 | ₹4,04,743 |
| 20 | ₹4,04,743 | ₹19,439 | ₹0 |
| Total | ₹40,00,000 | ₹44,83,623 | — |
Same loan, different tenure
₹1,00,000 at 14% — what tenure does to the bill.
A longer tenure lowers the monthly figure and raises the total. Lenders lead with the EMI for a reason.
| Tenure | Monthly EMI | Total interest | Total repaid | Interest as % of loan |
|---|---|---|---|---|
| 1 year | ₹8,979 | ₹7,745 | ₹1,07,745 | 8% |
| 2 years | ₹4,801 | ₹15,231 | ₹1,15,231 | 15% |
| 3 years | ₹3,418 | ₹23,039 | ₹1,23,039 | 23% |
| 4 years | ₹2,733 | ₹31,167 | ₹1,31,167 | 31% |
| 5 years | ₹2,327 | ₹39,610 | ₹1,39,610 | 40% |
Estimates only. The formula assumes a constant rate and EMIs starting one month after disbursal; processing fees, pre-EMI interest and rate resets are not included. Your lender's repayment schedule is the one that counts.