Quick EMI Calculator
📝Quick Loan Details
Loan Details
💡 Financial Tips
Tips & Insights
High Interest Cost
Your total interest (1.08x of principal) is very high. Consider reducing the tenure or making prepayments to save significantly on interest. Use our Prepayment Calculator (coming soon) to see how extra payments can save you money.
Affordability Check
Ensure your total EMIs (including this loan) don't exceed 40% of your monthly income. For an EMI of 21696, your monthly income should ideally be at least 54239.
Smart Borrowing Tips
EMI-to-Income Ratio
Keep your total EMIs (all loans combined) below 40% of your monthly income. This ensures financial stability and room for emergencies.
Prepayment Strategy
Even small prepayments can significantly reduce your interest burden. Pay extra towards the principal in the early years for maximum savings.
Compare Before You Borrow
A difference of just 0.5% in interest rate can save you lakhs over the loan tenure. Always compare offers from multiple lenders.
Tenure vs EMI Trade-off
Longer tenure means lower EMI but higher total interest. Choose the shortest tenure you can comfortably afford.
Emergency Fund First
Before taking a loan, ensure you have 6 months of expenses in an emergency fund. Don't compromise liquidity for loan repayment.
AI Loan Coach (Coming Soon)
Get personalized loan advice powered by AI. Ask questions like:
- • "Should I prepay or invest the extra money?"
- • "How can I reduce my loan tenure by 2 years?"
- • "Is refinancing worth it for me?"
- • "What's the optimal EMI based on my income?"
Monthly EMI
₹21,695.58
Per month
Total Interest
₹27,06,939.72
Over 240 payments
Total Payment
₹52,06,939.72
Principal + Interest
Payoff Date
Dec 2045
20 years 0 months
📊 Payment Analysis
Payment Analysis
Principal vs Interest Breakdown
₹25,00,000.00
48.0% of total payment
₹27,06,939.72
52.0% of total payment
Total Repayment
₹52,06,939.72
📋 View Amortization Schedule▼
Amortization Schedule
| Period | Monthly Payment | Interest Rate | Loan Amount | Outstanding Balance |
|---|---|---|---|---|
| Year 1 | ₹2,60,347 | ₹2,10,591 | ₹49,756 | ₹24,50,244 |
| Year 2 | ₹2,60,347 | ₹2,06,193 | ₹54,154 | ₹23,96,091 |
| Year 3 | ₹2,60,347 | ₹2,01,407 | ₹58,940 | ₹23,37,150 |
| Year 4 | ₹2,60,347 | ₹1,96,197 | ₹64,150 | ₹22,73,000 |
| Year 5 | ₹2,60,347 | ₹1,90,527 | ₹69,820 | ₹22,03,180 |
| Year 6 | ₹2,60,347 | ₹1,84,355 | ₹75,992 | ₹21,27,188 |
| Year 7 | ₹2,60,347 | ₹1,77,638 | ₹82,709 | ₹20,44,479 |
| Year 8 | ₹2,60,347 | ₹1,70,327 | ₹90,020 | ₹19,54,459 |
| Year 9 | ₹2,60,347 | ₹1,62,370 | ₹97,977 | ₹18,56,483 |
| Year 10 | ₹2,60,347 | ₹1,53,710 | ₹1,06,637 | ₹17,49,846 |
| Year 11 | ₹2,60,347 | ₹1,44,284 | ₹1,16,063 | ₹16,33,783 |
| Year 12 | ₹2,60,347 | ₹1,34,026 | ₹1,26,321 | ₹15,07,462 |
| Year 13 | ₹2,60,347 | ₹1,22,860 | ₹1,37,487 | ₹13,69,975 |
| Year 14 | ₹2,60,347 | ₹1,10,707 | ₹1,49,640 | ₹12,20,335 |
| Year 15 | ₹2,60,347 | ₹97,480 | ₹1,62,866 | ₹10,57,469 |
| Year 16 | ₹2,60,347 | ₹83,085 | ₹1,77,262 | ₹8,80,206 |
| Year 17 | ₹2,60,347 | ₹67,416 | ₹1,92,931 | ₹6,87,275 |
| Year 18 | ₹2,60,347 | ₹50,363 | ₹2,09,984 | ₹4,77,291 |
| Year 19 | ₹2,60,347 | ₹31,802 | ₹2,28,545 | ₹2,48,747 |
| Year 20 | ₹2,60,347 | ₹11,601 | ₹2,48,746 | ₹1 |
💡 View Financial Tips▼
Tips & Insights
High Interest Cost
Your total interest (1.08x of principal) is very high. Consider reducing the tenure or making prepayments to save significantly on interest. Use our Prepayment Calculator (coming soon) to see how extra payments can save you money.
Affordability Check
Ensure your total EMIs (including this loan) don't exceed 40% of your monthly income. For an EMI of 21696, your monthly income should ideally be at least 54239.
Smart Borrowing Tips
EMI-to-Income Ratio
Keep your total EMIs (all loans combined) below 40% of your monthly income. This ensures financial stability and room for emergencies.
Prepayment Strategy
Even small prepayments can significantly reduce your interest burden. Pay extra towards the principal in the early years for maximum savings.
Compare Before You Borrow
A difference of just 0.5% in interest rate can save you lakhs over the loan tenure. Always compare offers from multiple lenders.
Tenure vs EMI Trade-off
Longer tenure means lower EMI but higher total interest. Choose the shortest tenure you can comfortably afford.
Emergency Fund First
Before taking a loan, ensure you have 6 months of expenses in an emergency fund. Don't compromise liquidity for loan repayment.
AI Loan Coach (Coming Soon)
Get personalized loan advice powered by AI. Ask questions like:
- • "Should I prepay or invest the extra money?"
- • "How can I reduce my loan tenure by 2 years?"
- • "Is refinancing worth it for me?"
- • "What's the optimal EMI based on my income?"
How EMI Calculation Works
The Equated Monthly Installment (EMI) is calculated using the reducing balance method with the following formula:
Where:
- P = Principal loan amount
- r = Monthly interest rate (Annual Rate / 12 / 100)
- n = Total number of monthly payments (Years × 12)
Key Features
Multi-Currency Support
Calculate EMI in 8 major currencies with locale-specific formatting (INR, USD, EUR, GBP, AUD, CAD, SGD, JPY).
Visual Analytics
Interactive charts showing outstanding balance, payment composition, and principal vs interest split.
Amortization Schedule
Complete month-by-month breakdown of your loan payments with CSV export functionality.
Advanced Options
Configure processing fees, insurance, repayment frequency, and EMI payment type (arrears/advance).
Loan Types Supported
Note: This calculator provides estimates based on the reducing balance method. Actual EMI amounts may vary slightly based on your lender's policies, processing fees, and other charges. Always verify with your financial institution before making decisions.