Borrowing
EMI calculator
The monthly payment on a loan, and the total interest.
₹
%
years
Monthly EMI
₹43,391
about ₹43,391
48% of that is principal.
- Amount borrowed
- ₹50,00,000
- Total interest paid
- ₹54,13,879
- Total you repay
- ₹1,04,13,879
This is arithmetic, not a forecast. The result applies numbers you chose. Real returns vary year to year, can be negative, and are never guaranteed. Unless stated otherwise the figure is before inflation and before tax.
How this calculation works
The standard EMI formula spreads principal and interest into equal monthly payments. Early payments are mostly interest, and the balance shifts towards principal as the loan runs down.
What it leaves out
Processing fees, insurance bundled with the loan, and any prepayment you make. It also assumes the rate never changes, which is not true of most floating rate home loans in India.
Understanding the thing itself matters more than the number: Emergency fund.
Common questions
Why is the total interest so high?
Because of the term. On a twenty year loan the interest often approaches the amount borrowed. Shortening the term raises the monthly payment and cuts the total interest sharply, which is worth testing here.
Should I prepay my loan or invest?
It depends mostly on the rate. Above about 12% clearing the debt usually wins, because it is a guaranteed return. For a home loan at 8% to 9% the comparison is genuinely close.
Does prepaying early make more difference than later?
Yes, substantially. Early instalments are mostly interest, so a prepayment in the first years removes far more total interest than the same amount paid near the end of the term.