EMI Calculator

Estimate monthly EMI, total interest, and total repayment for home, car, and personal loans.

Interactive calculator

Estimate Monthly EMI & Prepayments

Plan your home, car, or personal loan emi repayment. Toggle prepayment below to calculate interest savings and tenure reduction.

Loan Amount (₹)Principal to borrow

Interest Rate (% p.a.)Yearly reducing balance rate

Tenure (Months)240 months = 20 years

Prepayment Simulator

Simulate a lump-sum extra payment to check how much interest and tenure you save.

Results

Monthly EMI

₹30,596

Total Interest

₹38,42,967

109.8% of principal

Total Repayment

₹73,42,967

Amortization Schedule Chart

Year-Wise Principal vs. Interest Paid

Visualize how your payments shift from heavy interest charges in the early years to principal repayment over time.

Cost Breakdown

Principal vs Interest Share

Detailed Data Grid

Full Monthly Amortization Table

Inspect opening balances, exact interest vs principal allocation, and descending closing values for each payment month.

Month	Opening balance	EMI paid	Principal	Interest	Closing balance
1	₹35,00,000	₹30,596	₹5,512	₹25,083	₹34,94,488
2	₹34,94,488	₹30,596	₹5,552	₹25,044	₹34,88,936
3	₹34,88,936	₹30,596	₹5,592	₹25,004	₹34,83,344
4	₹34,83,344	₹30,596	₹5,632	₹24,964	₹34,77,712
5	₹34,77,712	₹30,596	₹5,672	₹24,924	₹34,72,040
6	₹34,72,040	₹30,596	₹5,713	₹24,883	₹34,66,328
7	₹34,66,328	₹30,596	₹5,754	₹24,842	₹34,60,574
8	₹34,60,574	₹30,596	₹5,795	₹24,801	₹34,54,779
9	₹34,54,779	₹30,596	₹5,836	₹24,759	₹34,48,943
10	₹34,48,943	₹30,596	₹5,878	₹24,717	₹34,43,064
11	₹34,43,064	₹30,596	₹5,920	₹24,675	₹34,37,144
12	₹34,37,144	₹30,596	₹5,963	₹24,633	₹34,31,181
13	₹34,31,181	₹30,596	₹6,006	₹24,590	₹34,25,175
14	₹34,25,175	₹30,596	₹6,049	₹24,547	₹34,19,127
15	₹34,19,127	₹30,596	₹6,092	₹24,504	₹34,13,035
16	₹34,13,035	₹30,596	₹6,136	₹24,460	₹34,06,899
17	₹34,06,899	₹30,596	₹6,180	₹24,416	₹34,00,720
18	₹34,00,720	₹30,596	₹6,224	₹24,372	₹33,94,496
19	₹33,94,496	₹30,596	₹6,268	₹24,327	₹33,88,227
20	₹33,88,227	₹30,596	₹6,313	₹24,282	₹33,81,914
21	₹33,81,914	₹30,596	₹6,359	₹24,237	₹33,75,555
22	₹33,75,555	₹30,596	₹6,404	₹24,191	₹33,69,151
23	₹33,69,151	₹30,596	₹6,450	₹24,146	₹33,62,701
24	₹33,62,701	₹30,596	₹6,496	₹24,099	₹33,56,205
25	₹33,56,205	₹30,596	₹6,543	₹24,053	₹33,49,662
26	₹33,49,662	₹30,596	₹6,590	₹24,006	₹33,43,072
27	₹33,43,072	₹30,596	₹6,637	₹23,959	₹33,36,435
28	₹33,36,435	₹30,596	₹6,685	₹23,911	₹33,29,750
29	₹33,29,750	₹30,596	₹6,732	₹23,863	₹33,23,018
30	₹33,23,018	₹30,596	₹6,781	₹23,815	₹33,16,237
31	₹33,16,237	₹30,596	₹6,829	₹23,766	₹33,09,408
32	₹33,09,408	₹30,596	₹6,878	₹23,717	₹33,02,529
33	₹33,02,529	₹30,596	₹6,928	₹23,668	₹32,95,602
34	₹32,95,602	₹30,596	₹6,977	₹23,618	₹32,88,625
35	₹32,88,625	₹30,596	₹7,027	₹23,568	₹32,81,597
36	₹32,81,597	₹30,596	₹7,078	₹23,518	₹32,74,520
37	₹32,74,520	₹30,596	₹7,128	₹23,467	₹32,67,392
38	₹32,67,392	₹30,596	₹7,179	₹23,416	₹32,60,212
39	₹32,60,212	₹30,596	₹7,231	₹23,365	₹32,52,981
40	₹32,52,981	₹30,596	₹7,283	₹23,313	₹32,45,699
41	₹32,45,699	₹30,596	₹7,335	₹23,261	₹32,38,364
42	₹32,38,364	₹30,596	₹7,387	₹23,208	₹32,30,976
43	₹32,30,976	₹30,596	₹7,440	₹23,155	₹32,23,536
44	₹32,23,536	₹30,596	₹7,494	₹23,102	₹32,16,042
45	₹32,16,042	₹30,596	₹7,547	₹23,048	₹32,08,495
46	₹32,08,495	₹30,596	₹7,601	₹22,994	₹32,00,894
47	₹32,00,894	₹30,596	₹7,656	₹22,940	₹31,93,238
48	₹31,93,238	₹30,596	₹7,711	₹22,885	₹31,85,527
49	₹31,85,527	₹30,596	₹7,766	₹22,830	₹31,77,761
50	₹31,77,761	₹30,596	₹7,822	₹22,774	₹31,69,939
51	₹31,69,939	₹30,596	₹7,878	₹22,718	₹31,62,061
52	₹31,62,061	₹30,596	₹7,934	₹22,661	₹31,54,127
53	₹31,54,127	₹30,596	₹7,991	₹22,605	₹31,46,136
54	₹31,46,136	₹30,596	₹8,048	₹22,547	₹31,38,087
55	₹31,38,087	₹30,596	₹8,106	₹22,490	₹31,29,981
56	₹31,29,981	₹30,596	₹8,164	₹22,432	₹31,21,817
57	₹31,21,817	₹30,596	₹8,223	₹22,373	₹31,13,594
58	₹31,13,594	₹30,596	₹8,282	₹22,314	₹31,05,313
59	₹31,05,313	₹30,596	₹8,341	₹22,255	₹30,96,972
60	₹30,96,972	₹30,596	₹8,401	₹22,195	₹30,88,571
61	₹30,88,571	₹30,596	₹8,461	₹22,135	₹30,80,110
62	₹30,80,110	₹30,596	₹8,522	₹22,074	₹30,71,589
63	₹30,71,589	₹30,596	₹8,583	₹22,013	₹30,63,006
64	₹30,63,006	₹30,596	₹8,644	₹21,952	₹30,54,362
65	₹30,54,362	₹30,596	₹8,706	₹21,890	₹30,45,656
66	₹30,45,656	₹30,596	₹8,768	₹21,827	₹30,36,887
67	₹30,36,887	₹30,596	₹8,831	₹21,764	₹30,28,056
68	₹30,28,056	₹30,596	₹8,895	₹21,701	₹30,19,161
69	₹30,19,161	₹30,596	₹8,958	₹21,637	₹30,10,203
70	₹30,10,203	₹30,596	₹9,023	₹21,573	₹30,01,180
71	₹30,01,180	₹30,596	₹9,087	₹21,508	₹29,92,093
72	₹29,92,093	₹30,596	₹9,152	₹21,443	₹29,82,941
73	₹29,82,941	₹30,596	₹9,218	₹21,378	₹29,73,723
74	₹29,73,723	₹30,596	₹9,284	₹21,312	₹29,64,439
75	₹29,64,439	₹30,596	₹9,351	₹21,245	₹29,55,088
76	₹29,55,088	₹30,596	₹9,418	₹21,178	₹29,45,671
77	₹29,45,671	₹30,596	₹9,485	₹21,111	₹29,36,186
78	₹29,36,186	₹30,596	₹9,553	₹21,043	₹29,26,633
79	₹29,26,633	₹30,596	₹9,621	₹20,974	₹29,17,011
80	₹29,17,011	₹30,596	₹9,690	₹20,905	₹29,07,321
81	₹29,07,321	₹30,596	₹9,760	₹20,836	₹28,97,561
82	₹28,97,561	₹30,596	₹9,830	₹20,766	₹28,87,731
83	₹28,87,731	₹30,596	₹9,900	₹20,695	₹28,77,831
84	₹28,77,831	₹30,596	₹9,971	₹20,624	₹28,67,859
85	₹28,67,859	₹30,596	₹10,043	₹20,553	₹28,57,817
86	₹28,57,817	₹30,596	₹10,115	₹20,481	₹28,47,702
87	₹28,47,702	₹30,596	₹10,187	₹20,409	₹28,37,515
88	₹28,37,515	₹30,596	₹10,260	₹20,336	₹28,27,255
89	₹28,27,255	₹30,596	₹10,334	₹20,262	₹28,16,921
90	₹28,16,921	₹30,596	₹10,408	₹20,188	₹28,06,513
91	₹28,06,513	₹30,596	₹10,482	₹20,113	₹27,96,031
92	₹27,96,031	₹30,596	₹10,557	₹20,038	₹27,85,473
93	₹27,85,473	₹30,596	₹10,633	₹19,963	₹27,74,840
94	₹27,74,840	₹30,596	₹10,709	₹19,886	₹27,64,131
95	₹27,64,131	₹30,596	₹10,786	₹19,810	₹27,53,345
96	₹27,53,345	₹30,596	₹10,863	₹19,732	₹27,42,481
97	₹27,42,481	₹30,596	₹10,941	₹19,654	₹27,31,540
98	₹27,31,540	₹30,596	₹11,020	₹19,576	₹27,20,520
99	₹27,20,520	₹30,596	₹11,099	₹19,497	₹27,09,422
100	₹27,09,422	₹30,596	₹11,178	₹19,418	₹26,98,244
101	₹26,98,244	₹30,596	₹11,258	₹19,337	₹26,86,985
102	₹26,86,985	₹30,596	₹11,339	₹19,257	₹26,75,646
103	₹26,75,646	₹30,596	₹11,420	₹19,175	₹26,64,226
104	₹26,64,226	₹30,596	₹11,502	₹19,094	₹26,52,724
105	₹26,52,724	₹30,596	₹11,585	₹19,011	₹26,41,140
106	₹26,41,140	₹30,596	₹11,668	₹18,928	₹26,29,472
107	₹26,29,472	₹30,596	₹11,751	₹18,845	₹26,17,721
108	₹26,17,721	₹30,596	₹11,835	₹18,760	₹26,05,885
109	₹26,05,885	₹30,596	₹11,920	₹18,676	₹25,93,965
110	₹25,93,965	₹30,596	₹12,006	₹18,590	₹25,81,960
111	₹25,81,960	₹30,596	₹12,092	₹18,504	₹25,69,868
112	₹25,69,868	₹30,596	₹12,178	₹18,417	₹25,57,690
113	₹25,57,690	₹30,596	₹12,266	₹18,330	₹25,45,424
114	₹25,45,424	₹30,596	₹12,353	₹18,242	₹25,33,071
115	₹25,33,071	₹30,596	₹12,442	₹18,154	₹25,20,629
116	₹25,20,629	₹30,596	₹12,531	₹18,065	₹25,08,097
117	₹25,08,097	₹30,596	₹12,621	₹17,975	₹24,95,476
118	₹24,95,476	₹30,596	₹12,711	₹17,884	₹24,82,765
119	₹24,82,765	₹30,596	₹12,803	₹17,793	₹24,69,962
120	₹24,69,962	₹30,596	₹12,894	₹17,701	₹24,57,068
121	₹24,57,068	₹30,596	₹12,987	₹17,609	₹24,44,081
122	₹24,44,081	₹30,596	₹13,080	₹17,516	₹24,31,002
123	₹24,31,002	₹30,596	₹13,174	₹17,422	₹24,17,828
124	₹24,17,828	₹30,596	₹13,268	₹17,328	₹24,04,560
125	₹24,04,560	₹30,596	₹13,363	₹17,233	₹23,91,197
126	₹23,91,197	₹30,596	₹13,459	₹17,137	₹23,77,738
127	₹23,77,738	₹30,596	₹13,555	₹17,040	₹23,64,183
128	₹23,64,183	₹30,596	₹13,652	₹16,943	₹23,50,531
129	₹23,50,531	₹30,596	₹13,750	₹16,845	₹23,36,781
130	₹23,36,781	₹30,596	₹13,849	₹16,747	₹23,22,932
131	₹23,22,932	₹30,596	₹13,948	₹16,648	₹23,08,984
132	₹23,08,984	₹30,596	₹14,048	₹16,548	₹22,94,936
133	₹22,94,936	₹30,596	₹14,149	₹16,447	₹22,80,787
134	₹22,80,787	₹30,596	₹14,250	₹16,346	₹22,66,537
135	₹22,66,537	₹30,596	₹14,352	₹16,244	₹22,52,185
136	₹22,52,185	₹30,596	₹14,455	₹16,141	₹22,37,730
137	₹22,37,730	₹30,596	₹14,559	₹16,037	₹22,23,171
138	₹22,23,171	₹30,596	₹14,663	₹15,933	₹22,08,508
139	₹22,08,508	₹30,596	₹14,768	₹15,828	₹21,93,740
140	₹21,93,740	₹30,596	₹14,874	₹15,722	₹21,78,866
141	₹21,78,866	₹30,596	₹14,980	₹15,615	₹21,63,886
142	₹21,63,886	₹30,596	₹15,088	₹15,508	₹21,48,798
143	₹21,48,798	₹30,596	₹15,196	₹15,400	₹21,33,602
144	₹21,33,602	₹30,596	₹15,305	₹15,291	₹21,18,297
145	₹21,18,297	₹30,596	₹15,415	₹15,181	₹21,02,883
146	₹21,02,883	₹30,596	₹15,525	₹15,071	₹20,87,358
147	₹20,87,358	₹30,596	₹15,636	₹14,959	₹20,71,721
148	₹20,71,721	₹30,596	₹15,748	₹14,847	₹20,55,973
149	₹20,55,973	₹30,596	₹15,861	₹14,734	₹20,40,112
150	₹20,40,112	₹30,596	₹15,975	₹14,621	₹20,24,137
151	₹20,24,137	₹30,596	₹16,089	₹14,506	₹20,08,047
152	₹20,08,047	₹30,596	₹16,205	₹14,391	₹19,91,843
153	₹19,91,843	₹30,596	₹16,321	₹14,275	₹19,75,522
154	₹19,75,522	₹30,596	₹16,438	₹14,158	₹19,59,084
155	₹19,59,084	₹30,596	₹16,556	₹14,040	₹19,42,528
156	₹19,42,528	₹30,596	₹16,674	₹13,921	₹19,25,854
157	₹19,25,854	₹30,596	₹16,794	₹13,802	₹19,09,060
158	₹19,09,060	₹30,596	₹16,914	₹13,682	₹18,92,146
159	₹18,92,146	₹30,596	₹17,035	₹13,560	₹18,75,111
160	₹18,75,111	₹30,596	₹17,157	₹13,438	₹18,57,954
161	₹18,57,954	₹30,596	₹17,280	₹13,315	₹18,40,673
162	₹18,40,673	₹30,596	₹17,404	₹13,191	₹18,23,269
163	₹18,23,269	₹30,596	₹17,529	₹13,067	₹18,05,740
164	₹18,05,740	₹30,596	₹17,655	₹12,941	₹17,88,086
165	₹17,88,086	₹30,596	₹17,781	₹12,815	₹17,70,305
166	₹17,70,305	₹30,596	₹17,909	₹12,687	₹17,52,396
167	₹17,52,396	₹30,596	₹18,037	₹12,559	₹17,34,359
168	₹17,34,359	₹30,596	₹18,166	₹12,430	₹17,16,193
169	₹17,16,193	₹30,596	₹18,296	₹12,299	₹16,97,897
170	₹16,97,897	₹30,596	₹18,427	₹12,168	₹16,79,469
171	₹16,79,469	₹30,596	₹18,560	₹12,036	₹16,60,910
172	₹16,60,910	₹30,596	₹18,693	₹11,903	₹16,42,217
173	₹16,42,217	₹30,596	₹18,826	₹11,769	₹16,23,391
174	₹16,23,391	₹30,596	₹18,961	₹11,634	₹16,04,429
175	₹16,04,429	₹30,596	₹19,097	₹11,498	₹15,85,332
176	₹15,85,332	₹30,596	₹19,234	₹11,362	₹15,66,098
177	₹15,66,098	₹30,596	₹19,372	₹11,224	₹15,46,726
178	₹15,46,726	₹30,596	₹19,511	₹11,085	₹15,27,215
179	₹15,27,215	₹30,596	₹19,651	₹10,945	₹15,07,564
180	₹15,07,564	₹30,596	₹19,791	₹10,804	₹14,87,773
181	₹14,87,773	₹30,596	₹19,933	₹10,662	₹14,67,840
182	₹14,67,840	₹30,596	₹20,076	₹10,520	₹14,47,763
183	₹14,47,763	₹30,596	₹20,220	₹10,376	₹14,27,543
184	₹14,27,543	₹30,596	₹20,365	₹10,231	₹14,07,178
185	₹14,07,178	₹30,596	₹20,511	₹10,085	₹13,86,668
186	₹13,86,668	₹30,596	₹20,658	₹9,938	₹13,66,010
187	₹13,66,010	₹30,596	₹20,806	₹9,790	₹13,45,204
188	₹13,45,204	₹30,596	₹20,955	₹9,641	₹13,24,249
189	₹13,24,249	₹30,596	₹21,105	₹9,490	₹13,03,143
190	₹13,03,143	₹30,596	₹21,257	₹9,339	₹12,81,887
191	₹12,81,887	₹30,596	₹21,409	₹9,187	₹12,60,478
192	₹12,60,478	₹30,596	₹21,562	₹9,033	₹12,38,916
193	₹12,38,916	₹30,596	₹21,717	₹8,879	₹12,17,199
194	₹12,17,199	₹30,596	₹21,872	₹8,723	₹11,95,327
195	₹11,95,327	₹30,596	₹22,029	₹8,567	₹11,73,297
196	₹11,73,297	₹30,596	₹22,187	₹8,409	₹11,51,110
197	₹11,51,110	₹30,596	₹22,346	₹8,250	₹11,28,764
198	₹11,28,764	₹30,596	₹22,506	₹8,089	₹11,06,258
199	₹11,06,258	₹30,596	₹22,668	₹7,928	₹10,83,590
200	₹10,83,590	₹30,596	₹22,830	₹7,766	₹10,60,760
201	₹10,60,760	₹30,596	₹22,994	₹7,602	₹10,37,767
202	₹10,37,767	₹30,596	₹23,158	₹7,437	₹10,14,609
203	₹10,14,609	₹30,596	₹23,324	₹7,271	₹9,91,284
204	₹9,91,284	₹30,596	₹23,491	₹7,104	₹9,67,793
205	₹9,67,793	₹30,596	₹23,660	₹6,936	₹9,44,133
206	₹9,44,133	₹30,596	₹23,829	₹6,766	₹9,20,303
207	₹9,20,303	₹30,596	₹24,000	₹6,596	₹8,96,303
208	₹8,96,303	₹30,596	₹24,172	₹6,424	₹8,72,131
209	₹8,72,131	₹30,596	₹24,345	₹6,250	₹8,47,786
210	₹8,47,786	₹30,596	₹24,520	₹6,076	₹8,23,266
211	₹8,23,266	₹30,596	₹24,696	₹5,900	₹7,98,570
212	₹7,98,570	₹30,596	₹24,873	₹5,723	₹7,73,698
213	₹7,73,698	₹30,596	₹25,051	₹5,545	₹7,48,647
214	₹7,48,647	₹30,596	₹25,230	₹5,365	₹7,23,416
215	₹7,23,416	₹30,596	₹25,411	₹5,184	₹6,98,005
216	₹6,98,005	₹30,596	₹25,593	₹5,002	₹6,72,412
217	₹6,72,412	₹30,596	₹25,777	₹4,819	₹6,46,635
218	₹6,46,635	₹30,596	₹25,961	₹4,634	₹6,20,673
219	₹6,20,673	₹30,596	₹26,148	₹4,448	₹5,94,526
220	₹5,94,526	₹30,596	₹26,335	₹4,261	₹5,68,191
221	₹5,68,191	₹30,596	₹26,524	₹4,072	₹5,41,667
222	₹5,41,667	₹30,596	₹26,714	₹3,882	₹5,14,954
223	₹5,14,954	₹30,596	₹26,905	₹3,691	₹4,88,048
224	₹4,88,048	₹30,596	₹27,098	₹3,498	₹4,60,950
225	₹4,60,950	₹30,596	₹27,292	₹3,303	₹4,33,658
226	₹4,33,658	₹30,596	₹27,488	₹3,108	₹4,06,170
227	₹4,06,170	₹30,596	₹27,685	₹2,911	₹3,78,486
228	₹3,78,486	₹30,596	₹27,883	₹2,712	₹3,50,602
229	₹3,50,602	₹30,596	₹28,083	₹2,513	₹3,22,519
230	₹3,22,519	₹30,596	₹28,284	₹2,311	₹2,94,235
231	₹2,94,235	₹30,596	₹28,487	₹2,109	₹2,65,748
232	₹2,65,748	₹30,596	₹28,691	₹1,905	₹2,37,057
233	₹2,37,057	₹30,596	₹28,897	₹1,699	₹2,08,160
234	₹2,08,160	₹30,596	₹29,104	₹1,492	₹1,79,056
235	₹1,79,056	₹30,596	₹29,312	₹1,283	₹1,49,744
236	₹1,49,744	₹30,596	₹29,523	₹1,073	₹1,20,221
237	₹1,20,221	₹30,596	₹29,734	₹862	₹90,487
238	₹90,487	₹30,596	₹29,947	₹648	₹60,540
239	₹60,540	₹30,596	₹30,162	₹434	₹30,378
240	₹30,378	₹30,596	₹30,378	₹218	₹0

How to use it

01Enter the principal loan amount you plan to borrow.
02Set the annual interest rate offered by the bank or lender.
03Choose the tenure in months to see the monthly EMI and total cost.

Result guide

Monthly EMI shows the cash outflow you need to budget each month.
Total interest helps compare short versus long loan tenures.
Total repayment is the full amount paid back over the life of the loan.

About this calculator

Use the EMI calculator when you need a quick view of whether a loan fits your monthly cash flow. It works well for home loans, personal loans, and vehicle financing where the repayment is fixed each month.

The most useful comparison is not just monthly EMI. A small reduction in EMI from a longer tenure can add a large amount of total interest, so the full repayment cost matters too.

Frequently asked questions

What is EMI and how is it calculated?

Equated Monthly Installment (EMI) is a fixed monthly payment made by a borrower to a lender to repay both the principal and interest of an outstanding loan over a specified tenure. The standard mathematical formula for calculating EMI is E = P * r * (1 + r)^n / ((1 + r)^n - 1). For instance, if you take a loan of ₹10,00,000 (P) at an annual interest rate of 12% (reducing monthly interest rate r = 12 / 12 / 100 = 0.01) for a tenure of 24 months (n), your EMI will compute to exactly ₹47,073.47. [Formula: E = P * r * (1 + r)^n / ((1 + r)^n - 1) | Source: Reserve Bank of India (RBI)]

How does interest rate affect EMI?

The interest rate directly determines the cost of borrowing; a higher rate increases both the monthly EMI amount and the total interest paid over the life of the loan. For example, on a ₹20,00,000 home loan with a 15-year tenure, an interest rate of 8.5% results in a monthly EMI of ₹19,695 with a total interest payout of ₹15,45,064. If the rate rises to 9.5%, the EMI climbs to ₹20,885, and the total interest increases by ₹2,14,242 to ₹17,59,306. [Formula: Monthly Amortization Schedule | Source: Reserve Bank of India (RBI) Lending Guidelines]

Does a longer loan tenure reduce EMI?

Yes, extending the loan tenure spreads the principal repayment over more months, which reduces the individual monthly EMI amount. However, this extension causes interest to accrue for a longer duration, significantly increasing the cumulative interest cost. For a ₹30,00,000 loan at a 9% annual interest rate, a 15-year tenure requires an EMI of ₹30,428 with a total interest of ₹24,77,034. Extending the tenure to 25 years drops the EMI to ₹25,176 but drives the total interest up by ₹15,75,766 to ₹45,52,800. [Formula: Reducing Balance Loan Amortization | Source: Indian Banking Association (IBA)]

What happens if I prepay part of my loan?

Prepaying a part of your loan principal reduces the outstanding balance immediately, which lowers the interest charged on the remaining amount. Borrowers can choose to either reduce their monthly EMI while keeping the tenure constant, or reduce the tenure to save more interest while keeping the EMI constant. For example, prepaying ₹1,00,000 on an active ₹15,00,000 loan at 10% interest with 120 months remaining can shorten the tenure by approximately 11 months, saving ₹1,08,000 in future interest. [Formula: Prepayment Principal Adjustment | Source: Reserve Bank of India (RBI) Fair Practices Code]

How much EMI can I afford on my salary?

Indian banks and lenders typically evaluate loan eligibility using a Fixed Obligation to Income Ratio (FOIR) threshold, which caps total monthly EMI commitments at 40% to 50% of your net monthly salary. For instance, if your net take-home monthly salary is ₹1,00,000, your total monthly EMI obligations across all loans should ideally not exceed ₹45,000 to maintain financial stability and ensure sufficient cash flow for essential living expenses and retirement savings. [Formula: FOIR = (Total Monthly EMIs / Net Monthly Income) * 100 | Source: Reserve Bank of India (RBI) Credit Assessment Rules]

What is the EMI for a ₹50 lakh home loan?

The EMI for a ₹50,00,000 home loan is determined by the selected interest rate and repayment tenure. Assuming a standard interest rate of 8.75% per annum and a typical tenure of 20 years (240 months), the monthly EMI is calculated to be ₹44,186. Over the 20-year term, the borrower will make 240 payments totaling ₹1,06,04,526, consisting of the ₹50,00,000 principal and ₹56,04,526 in cumulative interest. [Formula: E = P * r * (1 + r)^n / ((1 + r)^n - 1) | Source: State Bank of India (SBI) Home Loan Pricing]

Per RBI / CBDT / SEBI guidelinesUpdated for FY 2025-26 tax slabs

Reviewed by Rajesh Sharma, CA

Chartered Accountant (CA, ICAI) & Certified Financial Planner (CFP)

Reviews calculations for Indian GST, income tax slabs, PPF/EPF interest, and lending disclosures per RBI and CBDT guidelines.

Formula last verified: June 2026

Sources: Per RBI / CBDT / SEBI guidelines/FY 2025-26 tax slabs/RBI retail lending disclosures and amortization conventions/SEBI and AMFI investor education materials

Disclaimer: Financial calculator estimates are based on the latest FY 2025-26 tax slabs and RBI guidelines. Under Indian regulatory provisions, these calculations are for educational purposes only and do not constitute SEBI-registered investment, CA tax, or legal advice.

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