EMI Calculator
Calculate loan EMI, total interest, and full amortization schedule for home loans, car loans, and personal loans.
Share:
₹10,000₹1,00,00,000
1%30%
1 years30 years
Monthly EMI
₹21,494
Total Interest
₹2,89,634
Total Payment
₹12,89,634
Year-wise Amortization
| Year | Principal | Interest | Balance |
|---|---|---|---|
| Year 1 | ₹1,60,505 | ₹97,422 | ₹8,39,495 |
| Year 2 | ₹3,38,698 | ₹1,77,157 | ₹6,61,301 |
| Year 3 | ₹5,36,529 | ₹2,37,252 | ₹4,63,470 |
| Year 4 | ₹7,56,161 | ₹2,75,548 | ₹2,43,837 |
| Year 5 | ₹9,99,998 | ₹2,89,637 | ₹0 |
How is this calculated?
EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1] where P = principal, r = monthly interest rate (annual rate ÷ 12), n = number of monthly installments. Each month, the interest portion decreases and the principal portion increases as the outstanding balance reduces.