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EMI Calculator
Calculate your monthly home loan EMI with detailed amortization schedule.
₹
₹1L50.00 L₹5Cr
%
5%8.5% p.a.15%
years
1 yr20 Years (240 months)30 yrs

Monthly EMI

43,391

per month

Principal Amount

50.00 L

Total Interest

54.14 L

52.0% of total

Total Payment

1.04 Cr

Payment Breakdown52.0% Interest
Visual breakdown of your total payment into principal and interest

Frequently Asked Questions

How is EMI calculated?

EMI is calculated using the formula: EMI = P × r × (1 + r)^n / ((1 + r)^n - 1), where P is the principal loan amount, r is the monthly interest rate, and n is the total number of months.

What is a good EMI to income ratio?

Financial experts recommend keeping your EMI below 40-50% of your monthly income to maintain a healthy financial balance and avoid over-leveraging.

Can I reduce my EMI?

Yes, you can reduce EMI by increasing the loan tenure, making a larger down payment, or negotiating for a lower interest rate with your bank.