EMI Calculator with Year-wise Schedule
Enter the loan amount, annual interest rate and tenure. The schedule shows how much of each year's payments goes to interest versus principal.
Fill in the fields — the answer appears as you type.
Think an answer is wrong? Report it with your inputs.
How it's calculated
- EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
- P = loan amount, r = annual rate ÷ 12 ÷ 100, n = months
Worked example
₹10,00,000 at 10% for 5 years → EMI ₹21,247, total interest ₹2,74,823.
Load this example into the calculatorAssumptions and limits
- Fixed rate for the whole tenure, monthly reducing balance.
- Processing fees, insurance and GST on fees are not included.
- Banks round EMIs to the rupee; their figures can differ by a few rupees.
Common questions
Why is most of my early EMI interest?
Interest is charged on the outstanding balance, which is largest at the start. As the balance falls, more of each EMI goes to principal.
Does a lower EMI mean a cheaper loan?
Not necessarily. A longer tenure lowers the EMI but raises total interest — compare the 'total interest' figure.