Reva Money · Calculators · EMI calculator
Work out the monthly EMI on a home, car or personal loan, the total interest you pay, and how much of each year’s payments is interest.
| Loan amount | ₹50.00 L |
|---|---|
| Interest rate a year | 8.5% |
| Tenure | 20 years |
| Monthly EMI | ₹43,391 |
| Total interest | ₹54.14 L |
| Total you pay | ₹1.04 Cr |
| Interest as a share of the loan | 108.28% |
An EMI pays the same amount every month. Early EMIs are mostly interest; later ones are mostly principal, because interest is charged on what you still owe.
The chart shows how much of each year’s EMIs goes to principal and how much to interest.
Formula: EMI = P × i × (1 + i)^n ÷ ((1 + i)^n − 1), where P is the loan, i the yearly rate ÷ 12 and n the number of months.
At 8.5% a year, about ₹43,391 a month, with about ₹54.14 L paid in interest.
Yes. The EMI is higher, but you pay interest for fewer months. Try 15 and 20 years in the calculator to see the difference.
No. It covers the loan and its interest only.
Illustrative only. These figures assume steady returns, which real investments don’t give. They are not investment advice.