EMI Calculator
Before you sign a loan, know the real cost — your monthly EMI and the total interest you'll pay over the tenure.
Monthly EMI
₹26,035
- Principal
- ₹30 L
- Total interest
- ₹32.48 L
- Total payment
- ₹62.48 L
Standard reducing-balance EMI. Processing fees, insurance, and rate resets on floating loans are not included.
About this calculator
How it works
EMIs use the reducing-balance formula: each payment covers that month's interest first, and the rest reduces principal — so early EMIs are interest-heavy.
Tenure is a lever
A longer tenure shrinks the EMI but balloons total interest. Try the same loan at 15 vs 25 years and watch the interest figure — prepaying even one extra EMI a year cuts it sharply.
The 40% rule
Lenders — and prudence — suggest keeping all EMIs combined under 40% of your take-home income, leaving room for savings and emergencies.
Protect the loan
If you have a large home loan, size your term insurance to cover it. That way the house stays with your family, not the bank, whatever happens.