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EMI calculator

EMI (equated monthly instalment) is the fixed monthly payment that repays a loan with interest over its tenure. Early EMIs are mostly interest; later ones mostly principal.

Your answer

Monthly EMI₹21,695.58
Total interest₹27,06,939.40
Total of all EMIs₹52,06,939.40
Number of EMIs240
Interest as a share of the loan108.3 %
Principal and interest paid each year
  • Principal
  • Interest
Show the numbers
Principal and interest paid each year
YearPrincipalInterest
1₹49,755.73₹2,10,591.24
2₹54,153.68₹2,06,193.29
3₹58,940.38₹2,01,406.59
4₹64,150.17₹1,96,196.80
5₹69,820.46₹1,90,526.51
6₹75,991.96₹1,84,355.01
7₹82,708.95₹1,77,638.02
8₹90,019.67₹1,70,327.30
9₹97,976.59₹1,62,370.38
10₹1,06,636.83₹1,53,710.14
11₹1,16,062.56₹1,44,284.41
12₹1,26,321.43₹1,34,025.54
13₹1,37,487.10₹1,22,859.87
14₹1,49,639.71₹1,10,707.26
15₹1,62,866.50₹97,480.47
16₹1,77,262.42₹83,084.55
17₹1,92,930.80₹67,416.17
18₹2,09,984.13₹50,362.84
19₹2,28,544.82₹31,802.15
20₹2,48,746.10₹11,600.87
Balance and total interest over time
  • Balance left
  • Interest paid so far
Show the numbers
Balance and total interest over time
YearBalance leftInterest paid so far
0₹25,00,000.00₹0.00
1₹24,50,244.27₹2,10,591.24
2₹23,96,090.59₹4,16,784.53
3₹23,37,150.21₹6,18,191.12
4₹22,73,000.04₹8,14,387.92
5₹22,03,179.58₹10,04,914.43
6₹21,27,187.62₹11,89,269.44
7₹20,44,478.67₹13,66,907.46
8₹19,54,459.00₹15,37,234.76
9₹18,56,482.40₹16,99,605.13
10₹17,49,845.57₹18,53,315.27
11₹16,33,783.01₹19,97,599.68
12₹15,07,461.58₹21,31,625.22
13₹13,69,974.48₹22,54,485.09
14₹12,20,334.77₹23,65,192.35
15₹10,57,468.27₹24,62,672.82
16₹8,80,205.85₹25,45,757.37
17₹6,87,275.05₹26,13,173.54
18₹4,77,290.92₹26,63,536.38
19₹2,48,746.10₹26,95,338.53
20₹0.00₹27,06,939.40
Yearly schedule
YearInterestPrincipalBalance at year end
1₹2,10,591.24₹49,755.73₹24,50,244.27
2₹2,06,193.29₹54,153.68₹23,96,090.59
3₹2,01,406.59₹58,940.38₹23,37,150.21
4₹1,96,196.80₹64,150.17₹22,73,000.04
5₹1,90,526.51₹69,820.46₹22,03,179.58
6₹1,84,355.01₹75,991.96₹21,27,187.62
7₹1,77,638.02₹82,708.95₹20,44,478.67
8₹1,70,327.30₹90,019.67₹19,54,459.00
9₹1,62,370.38₹97,976.59₹18,56,482.40
10₹1,53,710.14₹1,06,636.83₹17,49,845.57
11₹1,44,284.41₹1,16,062.56₹16,33,783.01
12₹1,34,025.54₹1,26,321.43₹15,07,461.58
13₹1,22,859.87₹1,37,487.10₹13,69,974.48
14₹1,10,707.26₹1,49,639.71₹12,20,334.77
15₹97,480.47₹1,62,866.50₹10,57,468.27
16₹83,084.55₹1,77,262.42₹8,80,205.85
17₹67,416.17₹1,92,930.80₹6,87,275.05
18₹50,362.84₹2,09,984.13₹4,77,290.92
19₹31,802.15₹2,28,544.82₹2,48,746.10
20₹11,600.87₹2,48,746.10₹0.00

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How we worked it out

Updated as you change the numbers.

  1. Monthly rate r = 8.5% ÷ 12 = 0.70833%; months n = 240.
  2. EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1) = ₹25,00,000.00 × 0.007083 × 5.4412 ÷ 4.4412 = ₹21,695.58.

Method and assumptions

The standard reducing-balance formula used by Indian banks: interest each month is charged on the outstanding balance at the yearly rate ÷ 12. Processing fees, insurance and GST on fees are not included.

Questions

What is the EMI on a ₹25 lakh home loan at 8.5% for 20 years?

₹21,696 a month; total interest about ₹27.07 lakh.

Sources

Method and figures checked on October 31, 2026. Every worked answer on this page is covered by an automated test. Found a mistake? Tell us.

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