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EMI Calculator – Home Loan, Car Loan & Personal Loan EMI 2025

EMI Calculator

Calculate your Equated Monthly Instalment (EMI) for home loan, car loan, personal loan or any other loan. See full amortization schedule with principal & interest breakup.

Monthly EMI
Total Interest
Total Payment
Principal Portion
Interest Portion
Year-by-Year Amortization
Year Principal Paid Interest Paid Balance
EMI Saving Tips
  • Make part-prepayments when you get bonuses to reduce total interest
  • Choose shorter tenure if you can afford higher EMI — saves lakhs in interest
  • Compare rates across banks — even 0.25% difference saves big over 20 years
  • Home loan interest up to ₹2 lakh deductible under Section 24(b)
  • Principal repayment up to ₹1.5 lakh under Section 80C

Frequently Asked Questions

What is EMI?

EMI (Equated Monthly Instalment) is a fixed monthly payment to repay a loan. It includes both principal and interest components.

Can I prepay my loan?

Yes. For floating rate home loans, RBI mandates banks cannot charge prepayment penalties.

Shorter or longer tenure?

Shorter tenure = higher EMI but 30-40% less total interest compared to a 30-year loan.

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