EMI Calculator — home, car and personal loans

Work out the monthly EMI on any loan from the amount, interest rate and tenure. You also get the total interest, a year-by-year amortization schedule, and how much interest an extra monthly prepayment would save.

Loan amount

Interest rate (p.a.)

Tenure

Extra monthly prepayment (optional)

Monthly EMI

—

PrincipalInterest

Principal

Total interest

Total payable

Amortization schedule (year-wise)

Year	Principal	Interest	Balance

Monthly investment

Expected return (p.a.)

Time period

Annual step-up

Projected value

—

InvestedReturns

Invested amount

Est. returns

Step-up raises your monthly amount each year — a powerful way to grow wealth as income rises.

One-time investment

Expected return (p.a.)

Time period

Future value

—

Invested

Est. returns

How much to invest monthly to reach a target corpus.

Target amount

Expected return (p.a.)

Years to goal

Monthly SIP needed

—

One-time lumpsum alternative

Total you'll invest (SIP)

Deposit amount

Interest rate (p.a.)

Tenure (years)

Compounding

Maturity value

—

Principal

Interest earned

Recurring deposit — a fixed amount every month, compounded quarterly.

Monthly deposit

Interest rate (p.a.)

Tenure (months)

Maturity value

—

Total deposited

Interest earned

Public Provident Fund — yearly deposit, compounded annually (15-year lock-in).

Yearly deposit

Interest rate (p.a.)

Duration (years)

Maturity value

—

Total deposited

Interest earned (tax-free)

Amount (₹)

GST rate

Amount type

Total amount

—

Base amount

GST (18%)

CGST + SGST

Compare the New and Old regimes side by side (FY 2025-26). Enter deductions for the Old regime.

Annual gross income

Old-regime deductions (80C, HRA, etc.)

New regime

—

Old regime

—

You save by choosing the better one

New Regime: nil up to ₹12,00,000 taxable (§87A), incl. 4% cess. Old Regime: ₹2.5L exempt, then 5/20/30% slabs on (income − deductions), incl. cess. Indicative estimate — not tax advice.

Bill / price (₹)

Mode

Percentage

You pay

—

Discount

Systematic Withdrawal Plan — how long your corpus lasts while you draw a fixed amount each month.

Corpus invested

Monthly withdrawal

Expected return (p.a.)

Period

Balance after period

—

Total withdrawn

Corpus status

Sukanya Samriddhi Yojana — deposit yearly for 15 years; matures in 21 years. Interest compounded annually, fully tax-free (EEE).

Yearly deposit (max ₹1.5L)

Interest rate (p.a.)

Maturity value (21 years)

—

Total deposited (15 yrs)

Interest earned (tax-free)

National Pension System — corpus at 60, then min 40% buys an annuity (pension).

Monthly contribution

Expected return (p.a.)

Your age

Annuity return (p.a.)

Corpus at 60

—

Lumpsum at 60 (60%, tax-free)

Annuity corpus (40%)

Est. monthly pension

Gratuity under the Payment of Gratuity Act = last salary (Basic + DA) × 15 ÷ 26 × years of service.

Last monthly salary (Basic + DA)

Years of service

Gratuity payable

—

Tax-exempt limit₹20,00,000

Eligible after 5 years of continuous service. Amount above ₹20 lakh is taxable.

Estimate your monthly in-hand from annual CTC (New tax regime, standard assumptions).

Annual CTC

Estimated monthly in-hand

—

Annual in-hand

Employee PF

Income tax (New regime)

Professional tax

Indicative only. Assumes Basic = 50% of CTC, employer + employee PF at 12% of Basic, gratuity provision, ₹75,000 standard deduction, ₹2,500/yr professional tax. Your actual structure varies.

How big a loan you may qualify for, from your income and existing EMIs (FOIR method).

Net monthly income

Existing monthly EMIs

Interest rate (p.a.)

Tenure

FOIR (income share for EMIs)

Eligible loan amount

—

Max affordable EMI

Mode

Principal

Rate (p.a.)

Time

Total amount

—

Interest

Absolute return

What today's money will cost — and be worth — in the future.

Amount today

Inflation rate (p.a.)

Years

Future cost of the same basket

—

Today's amount will then be worth

How the EMI Calculator works

EMI = P × r × (1 + r)ⁿ ÷ [(1 + r)ⁿ − 1]

P — loan amount (principal)
r — monthly interest rate = annual rate ÷ 12 ÷ 100
n — tenure in months

Each month the interest part is the outstanding balance × r; the rest of the EMI repays principal. That is why early EMIs are mostly interest and late ones mostly principal. With a prepayment, the extra amount goes straight to principal every month, so the balance — and the interest charged on it — falls faster.

Worked example

A ₹10 lakh loan at 9% a year for 20 years:

Monthly rate r	9 ÷ 12 ÷ 100 = 0.0075
Months n	20 × 12 = 240
(1 + r)ⁿ	6.0092
Monthly EMI	₹8,997
Total payable	₹21,59,342
Total interest	₹11,59,342

So the EMI is ₹8,997 a month, and over 20 years you pay back ₹21,59,342 — of which ₹11,59,342 is interest.

Load these numbers into the calculator →

Frequently asked questions

What is an EMI?

An Equated Monthly Instalment is the fixed amount you pay the lender every month until the loan is repaid. Each EMI is part interest and part principal.

Does a longer tenure reduce the EMI?

Yes, a longer tenure lowers the monthly EMI, but you pay interest for more months, so the total interest goes up. The calculator shows both numbers so you can compare.

How does prepayment help?

Any amount paid over the EMI reduces the principal directly. Interest is charged on a smaller balance from then on, so the loan closes earlier and the total interest falls. Check your lender's prepayment terms before relying on it.

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PaisaCalc results are arithmetic estimates from the inputs you enter and the formulas shown. They are not financial, investment or tax advice; rates, rules and your own situation vary, so check with your bank, fund house or a qualified adviser before deciding.