Loans & Borrowingv1.1.0Verified Engine

EMI Calculator (Home, Car, Personal Loan)

Calculate your equated monthly installment (EMI), total interest payable, and generate a full month-by-month and year-by-year amortization schedule.

Formula v1.1.0

Adjust Inputs

Real-Time Update
₹25,00,000
₹
8.5 %
20 Yrs
Monthly EMI
₹21,696

Payable every month

Total Interest Payable52% of Total
₹27,07,040

Interest over full tenure

Total Amount Payable
₹52,07,040

Principal + Total Interest

Visual Breakdown

Interactive Graphic
Loading chart visualization...

Detailed Breakdown & Amortization Schedule

Showing 10 of 20 periods

Tenure YearOpening BalanceEMI PaidPrincipal PaidInterest PaidClosing Balance
Year 1₹25,00,000₹2,60,352₹49,761₹2,10,591₹24,50,239
Year 2₹24,50,239₹2,60,352₹54,159₹2,06,193₹23,96,080
Year 3₹23,96,080₹2,60,352₹58,947₹2,01,405₹23,37,133
Year 4₹23,37,133₹2,60,352₹64,157₹1,96,195₹22,72,976
Year 5₹22,72,976₹2,60,352₹69,828₹1,90,524₹22,03,148
Year 6₹22,03,148₹2,60,352₹76,000₹1,84,352₹21,27,148
Year 7₹21,27,148₹2,60,352₹82,718₹1,77,634₹20,44,431
Year 8₹20,44,431₹2,60,352₹90,029₹1,70,323₹19,54,402
Year 9₹19,54,402₹2,60,352₹97,987₹1,62,365₹18,56,415
Year 10₹18,56,415₹2,60,352₹1,06,648₹1,53,704₹17,49,767
Formula, Assumptions & Regulatory Sources
Calculation Formula
EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]
Where P = ₹25,00,000, r = 0.007083 (monthly rate), n = 240 months.
Assumptions
  • Calculated on standard reducing balance method.
  • Assumes interest rate remains fixed throughout the selected tenure.
  • Prepayments, processing fees, and taxes are excluded.
Verified Rule Source: Standard Reducing Balance Annuity Formula: P × r × (1 + r)^n / ((1 + r)^n - 1)
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Understanding the EMI Calculator (Home, Car, Personal Loan)

This calculator provides real-time, mathematically verified computations for Indian tax payers, investors, and businesses. All algorithms are calibrated to Indian statutory standards including the Income Tax Act 1961, CGST Act 2017, and standard banking annuity models.

How It Works

  1. Enter your baseline financial values using the input fields or interactive sliders.
  2. Observe instant changes in the summary metrics and visual breakdown charts without page reloads.
  3. Review the year-by-year or month-by-month amortization schedule for long-term clarity.
  4. Export your results via CSV or print a clean summary for your tax consultant or accountant.
Last updated and verified: October 2024 (Budget 2024 Amendment)