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Free EMI Calculator · India

EMI Calculator

Calculate your monthly EMI for Home Loan, Car Loan & Personal Loan — with full amortisation schedule, instantly.

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Home Loan EMI Calculator

Best for purchasing residential property

₹30.00 L
₹1 L₹1.00 Cr
8.75%
1%18%
20 yrs
1 yr30 yr

Monthly EMI

₹26,511

For 20 years at 8.75% p.a.

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Principal Amount
₹30.00 L
🏛️
Total Interest
₹33.63 L
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Total Payable
₹63.63 L
Split47%Principal

Payment Breakdown

Principal Amount
₹30.00 L
Total Interest
₹33.63 L
Principal 47%Interest 53%

💡 Save tip: Prepaying just ₹2,651/month extra can reduce your tenure by 2–3 years and save ₹6.73 L+ in interest.

📈 Rate Comparison

See how different rates affect your EMI

Interest RateMonthly EMITotal InterestTotal Payment
6.75%₹22,811₹24.75 L₹54.75 L
7.75%₹24,628₹29.11 L₹59.11 L
8.75%Current₹26,511₹33.63 L₹63.63 L
9.75%₹28,456₹38.29 L₹68.29 L
10.75%₹30,457₹43.10 L₹73.10 L

Frequently Asked Questions

What is the EMI formula?+
EMI = [P × R × (1+R)^N] ÷ [(1+R)^N – 1]. P = Loan Principal, R = Monthly interest rate (Annual rate ÷ 12 ÷ 100), N = Loan tenure in months.
What is the EMI for ₹30 lakh home loan for 20 years at 9%?+
For a ₹30 lakh home loan at 9% per annum for 20 years, the monthly EMI is approximately ₹26,992. Total interest payable would be around ₹34.78 lakh.
Does prepayment reduce EMI or tenure?+
Most banks give you the option. Reducing tenure saves more interest overall. Reducing EMI improves monthly cash flow. A partial prepayment calculator can show you exact savings.
Which loan has the lowest interest rate — Home, Car or Personal?+
Home loans have the lowest rates (8–11% p.a.) since they are secured by property. Car loans are mid-range (9–12% p.a.). Personal loans are the highest (10–24% p.a.) as they are unsecured.
What happens if I miss an EMI payment?+
A missed EMI attracts a late payment penalty (typically 1–2% of EMI), impacts your CIBIL credit score, and may result in the bank classifying the loan as an NPA after 90 days of non-payment.

Free EMI Calculator for Home, Car & Personal Loans in India

This free EMI calculator helps you plan your loan repayments before applying. Enter your loan amount, interest rate, and tenure to instantly get your monthly EMI, total interest payable, and a full amortisation schedule. You can switch between Home Loan, Car Loan, and Personal Loan modes — each pre-configured with realistic defaults.

The rate comparison table shows you how a 1–2% change in interest rate impacts your total payment — critical information when comparing bank offers. Use the amortisation table to see exactly how much principal and interest you pay each month, helping you plan prepayments strategically.