Loan Repayment Calculator
Calculate your monthly loan repayment (EMI), total interest, and total repayment amount for any loan.
- Free to use
- Accurate results
- No registration required
- Works on all devices
Enter your loan amount, interest rate, and tenure to calculate your monthly repayment (EMI).
₹
%
months
Your result
₹10,871.21
Monthly repayment (EMI)
Total interest₹1,52,272.60
Total repayment₹6,52,272.60
AI explanation
Formula
EMI = P × r × (1+r)^n / [(1+r)^n − 1], where r is the monthly interest rate and n is the tenure in monthsWorked example
₹5L loan, 11%, 5 years
| Field | Value |
|---|---|
| Loan amount | 500000 |
| Interest rate | 11 |
| Tenure | 60 |
| Monthly repayment (EMI) | 10871.21 |
| Total interest | 152272.6 |
| Total repayment | 652272.6 |
Assumptions
- Uses the standard reducing-balance repayment structure common to most Indian loans.
- Informational only.
Frequently asked questions
What is EMI?
Equated Monthly Installment — the fixed monthly payment covering both principal and interest for a loan, calculated so the loan is fully repaid by the end of its tenure.
Does the repayment amount change over the loan term?
No — the EMI stays fixed for a fixed-rate loan, though the split between principal and interest within each EMI shifts over time as the balance reduces.
How can I reduce my total repayment amount?
A shorter tenure, a lower interest rate, or making extra prepayments toward principal all reduce the total interest — and therefore total repayment — over the loan's life.
Related calculators
Sources
- Master Direction – Reserve Bank of India (Regulatory Framework for Housing Finance Companies) — Reserve Bank of India. Effective 17-02-2021, reviewed 13-09-2026.
This calculator provides a general estimate only and does not constitute financial advice.
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