Free Loan EMI Calculator
Instant EMI, amortization & prepayment savings for home, car & personal loans.
Up to ₹2 Cr · 8.5% default rate · 20 yr tenure
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Paying just 1 extra EMI every year can reduce a standard 20-year home loan duration by nearly 4 years!
In the initial 5 years of long-term loans, up to 70% of your monthly payment goes purely toward interest rather than principal tracking.
Ensure your combined recurring monthly financial liabilities across all instruments remain under 45-50% of your net monthly take-home returns.
Repayment Progress Trend
Tip: The gap between the Principal Paid and Interest Paid curves represents your interest burden. A narrower gap means a more efficient loan payoff strategy.
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EMI Calculation Guides
EMI Calculator – Frequently Asked Questions
Common questions about home loan, car loan & personal loan EMIs in India.
How is EMI calculated?
EMI is calculated using: EMI = [P × R × (1+R)^N] / [(1+R)^N – 1], where P is the principal, R is the monthly interest rate (annual rate ÷ 12 ÷ 100), and N is the tenure in months.
What is the EMI for a ₹50 lakh home loan at 8.5% for 20 years?
The monthly EMI is approximately ₹43,391. Over 20 years, total interest outgo is around ₹54.1 lakh — making total repayment roughly ₹1.04 crore. Use the calculator above to adjust to your exact values.
How much can I save with prepayment?
Paying 1 extra EMI per year on a standard 20-year home loan can reduce the tenure by nearly 4 years and save lakhs in interest. Use the Smart Prepayment Planner above to simulate your exact monthly or lump-sum prepayment scenario.
What is the difference between flat rate and reducing balance interest?
In a flat rate loan, interest is charged on the full principal throughout the tenure. In a reducing balance loan (used by most Indian banks), interest is charged only on the outstanding principal each month — making it cheaper. EMIPlan uses the reducing balance method.
Is my data safe when using EMIPlan?
Yes. All calculations run entirely in your browser. No loan amounts, interest rates, or personal data are ever sent to our servers. EMIPlan is a 100% client-side application with zero server-side data storage.
What is the EMI for a ₹30 lakh home loan at 8.5% for 20 years?
The monthly EMI is approximately ₹26,035. Total interest payable over 20 years is around ₹32.5 lakh, making the total repayment about ₹62.5 lakh. Use our calculator to adjust the rate or tenure.
What is the EMI for a ₹10 lakh car loan at 9.25% for 5 years?
The monthly EMI is approximately ₹20,882. Total interest payable over 5 years is around ₹2.53 lakh. Try the car loan calculator above to check different loan amounts.
What is the EMI for a ₹5 lakh personal loan at 11.5% for 3 years?
The monthly EMI is approximately ₹16,426. Total interest over 3 years is around ₹91,336. Personal loans carry higher rates than home loans — consider partial prepayment to reduce the burden. Calculate your personal loan EMI.
What is a good EMI-to-salary ratio?
Most banks and financial advisors recommend keeping your total monthly EMIs below 40–50% of your net take-home salary (FOIR — Fixed Obligation to Income Ratio). For example, if your take-home is ₹80,000/month, your combined EMIs should ideally not exceed ₹32,000–₹40,000.
What is EMI in Advance vs EMI in Arrears?
EMI in Arrears (standard): your first payment is due one full month after loan disbursement. EMI in Advance: the first EMI is paid at the time of loan disbursal itself, reducing the effective principal from day one — common for certain car and consumer loans. EMI in Advance results in a slightly lower total interest outgo.
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