Calculator
EMI Calculator
An EMI calculator gives the fixed monthly instalment on a reducing-balance loan. The number worth looking at is not the instalment, which is easy to accept, but the total interest across the full term, which is what the loan actually costs you.
Monthly instalment
Monthly instalment:₹26,511.32
Over this term you repay more in interest than you borrowed.
- Total interest paid
- ₹33,62,717
- Total you repay
- ₹63,62,717
What this assumes
Every calculator here states what it took for granted. A result whose assumptions are hidden is not worth much.
- A reducing-balance loan at a fixed rate for the whole term.
- The monthly rate is the annual rate divided by twelve, which is how banks quote it.
- No processing fee, insurance, prepayment or rate revision is included.
How to use it
- Enter the amount, the rate your lender quoted, and the term.
- Look at the total interest, not just the instalment.
- Shorten the term by a few years and watch what happens to the interest.
Illustrative only. Not a projection, not a guarantee, and not investment advice.
Common questions
Why does a longer term cost so much more?
A longer term lowers the instalment but leaves the balance outstanding for longer, and interest is charged on that balance every month. Stretching a loan is the most expensive way to make it feel affordable.
Should I prepay or invest the surplus?
Compare the loan rate with the return you would realistically earn after tax on the alternative, and weigh the certainty. A prepayment gives a guaranteed saving equal to the loan rate; an investment does not. It is a decision worth talking through rather than deciding on a rule of thumb.
A number is not a plan.
If this result raised a question, that is the useful part. Bring it in and we will work through what it means for your situation.