EMI Calculator
Calculate the monthly EMI on a home, car or personal loan, and see how much of your total repayment is interest.
Researched by Mirza Seraj BaigFacts last checked against official sources on 7 September 2026Annual rate quoted by the lender.
Monthly EMI
₹21,696
≈ 21.70 thousand
- Principal
- ₹25,00,000
- Total interest
- ₹27,06,939
- Total payment
- ₹52,06,939
- Interest as share of payments
- 52.0%
- Number of EMIs
- 240
How this is calculated
EMI = [P × i × (1 + i)^n] ÷ [(1 + i)^n − 1], where P is the loan amount, i the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the tenure in months. Total interest is (EMI × n) − P.
Frequently asked questions
How is EMI calculated?
EMI = [P × i × (1 + i)^n] ÷ [(1 + i)^n − 1], where P is the loan amount, i is the monthly interest rate and n is the number of monthly instalments. The EMI stays constant, but the split between interest and principal shifts towards principal over time.
Does a longer tenure reduce my EMI?
Yes, but it increases the total interest you pay. The calculator shows interest as a share of total payments, which makes the trade-off visible — stretching a loan can cut the monthly figure while adding lakhs to the total cost.
What happens to my EMI if interest rates change?
On floating rate loans, a rate change usually alters either the EMI or the tenure. The RBI requires lenders to have a clear policy on this and to communicate the options to borrowers, rather than silently extending the tenure.
Is this EMI figure exactly what my bank will charge?
It is the standard formula every lender uses, so it should be very close. Actual EMIs can differ slightly because of processing fees, insurance added to the loan, the exact disbursement date, or day-count conventions.