EMI Calculator – Home, Car and Personal Loan EMI
Calculate monthly EMI with full amortisation schedule showing principal vs interest each year.
Inputs
Breakdown
–of total = interest
Monthly EMI
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Total Interest
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Total Payment
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Year-by-Year Breakdown
| Year | Principal Paid | Interest Paid | Total Paid | Balance |
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Disclaimer: All calculations are for educational and illustrative purposes only. Results are estimates and do not constitute financial, tax, or investment advice. Tax calculations are based on FY 2024-25 rules. Actual returns may vary. Consult a SEBI-registered financial adviser or CA before making financial decisions. MarketFreeze is not a SEBI-registered investment adviser.
Frequently Asked Questions
How is EMI calculated?▾
EMI = P x r x (1+r)^n / [(1+r)^n – 1]. P=loan, r=monthly rate, n=months.
Longer vs shorter tenure?▾
Longer = lower EMI but far more total interest. Rs50L at 8.5% for 20 years costs Rs52.9L in interest vs Rs24.1L for 10 years.
What is FOIR?▾
Fixed Obligation to Income Ratio – banks cap total EMIs at 40-50% of net income.
How much does prepayment save?▾
Prepaying Rs1L in Year 1 of a Rs50L home loan saves ~Rs3.5-4L in total interest.
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