Use whole-month durations: 0.5 years = 6 months and 1.5 years = 18 months, up to 30 years. Fees and lender-specific rounding are excluded.
60 monthly payments · values shown to the nearest paise.
Loan Details
Enter your loan parameters
₹5.0L
₹0₹1Cr
8.5%
0%30%
5 yrs
0.5 yr30 yrs
Monthly EMI
₹10,258.27
Fixed monthly payment
Total Interest
₹1,15,495.94
Interest over tenure
Total Payment
₹6,15,495.94
Principal + interest
Principal: 81%Interest: 19%
Principal: ₹5.0LInterest: ₹1.2L
Amortization Schedule
Cumulative principal vs interest paid per year
Remaining Balance
Outstanding loan balance over time
EMI Formula
EMI = [P × r × (1+r)^n] / [(1+r)^n − 1]
Where P = Loan amount, r = Monthly interest rate, n = Tenure in months
The amortization chart shows how your payments split between principal and interest over the loan tenure.
Tips to Reduce EMI
- Make a larger down payment to reduce principal
- Choose a longer tenure (EMI goes down, interest goes up)
- Negotiate for lower interest rates
- Make part-prepayments to reduce outstanding balance
- Compare rates across banks before applying