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Loan EMI & Repayment Calculator

Plan your borrowing with precision. Calculate your monthly EMI, total interest, and repayment schedule for any loan in India.

Quick Loan Presets:
₹ 15,00,000
₹ 50,000 ₹ 50 Lakhs ₹ 1 Crore
14.0 %
7.0% 15.0% 24.0%
5 Years (60 Months)
1 Year 15 Years 30 Years
Monthly Loan EMI
₹ 34,896
Principal (--) Interest (--)
Principal Amount ₹ 15,00,000
Total Interest Payable ₹ 5,93,760
Total Amount Payable ₹ 20,93,760
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How is Loan EMI Calculated?

An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs apply to both interest and principal each month so that over a specified number of years, the loan is fully paid off.

Mathematical EMI Formula:
EMI = [P x r x (1 + r)^n] / [(1 + r)^n - 1]
  • P = Principal Loan Amount
  • r = Rate of Interest per month (Annual Rate / 12 / 100)
  • n = Number of monthly installments (Tenure in Years x 12)

Typical Loan Interest Rates in India (2026)

Loan Type Interest Rate (P.A.) Tenure Range Processing Fees
Home Loan 8.40% - 9.75% Up to 30 Years 0.25% - 0.50%
Business Loan 11.99% - 18.00% Up to 8 Years 1.00% - 2.50%
Personal Loan 10.25% - 15.50% Up to 5 Years 1.00% - 2.00%
Loan Against Property (LAP) 9.00% - 11.50% Up to 15 Years 0.50% - 1.00%

5 Smart Tips to Reduce Your Loan EMI

  • Opt for a Longer Tenure: Extending your repayment tenure decreases your monthly EMI payout, making monthly budgeting easier (though total interest over time increases).
  • Prepay Whenever Surplus Arises: Part-prepayments directly reduce your principal outstanding, which in turn reduces subsequent EMIs or cuts down remaining tenure.
  • Execute a Loan Balance Transfer: If partner banks offer interest rates 0.5% - 1.5% lower than your current lender, transferring your existing loan can save lakhs over the repayment period.
  • Maintain a 750+ CIBIL Score: Lenders reserve their lowest ROI slabs for borrowers with stellar credit scores and unblemished repayment track records.
  • Negotiate Processing Fees & Charges: Through CashDash's multi-bank advisory, we help negotiate zero or discounted processing fees directly with institutional credit managers.

Frequently Asked Questions on EMI

No, absolutely not. The online EMI calculator is a 100% free financial computation tool. It performs mathematical projections and does not perform credit bureau inquiries, meaning your credit score is untouched.

In the initial years of a loan repayment schedule, the interest component forms the largest portion of your monthly EMI. As the principal is gradually paid down, the interest component decreases and the principal repayment component increases progressively.

With a Fixed Rate, your EMI remains constant throughout the entire loan tenure. With a Floating Rate (linked to RBI's Repo Rate / MCLR), your EMI or loan tenure may adjust whenever the central bank revises benchmark interest rates.
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