Calculate your exact monthly EMI, total interest, and full amortization schedule for any loan — home loan, car loan, or personal loan. See exactly how much your bank really charges.
EMI (Equated Monthly Instalment) is the fixed amount you pay your bank every month until your loan is fully repaid. Each payment has two parts: principal (paying back what you borrowed) and interest (the bank's fee). In the early years, almost all of your EMI is interest — very little reduces the actual loan. This is why a ₹30 lakh loan ends up costing ₹60+ lakh in total.
Kavita takes a home loan of ₹50 lakh at 8.5% for 20 years.
📌 Monthly EMI: ₹43,391
📌 Total amount paid: ₹1,04,13,840 (over 240 months)
📌 Total interest paid: ₹54,13,840 — more than the loan itself!
📌 In Month 1: Of her ₹43,391 EMI, only ₹7,891 reduces the principal. ₹35,417 goes to the bank as interest.
If she prepays ₹5 lakh in Year 3: saves ₹11.4 lakh in interest and closes the loan 2.5 years early.
The amortization schedule shows the brutal truth: in a 20-year loan, you pay mostly interest for the first 10 years. This is why prepayment in the early years is so powerful — every rupee of prepayment eliminates years of future interest. Even small annual prepayments of ₹50,000–₹1 lakh can save ₹5–10 lakh over a loan tenure.
Choosing maximum tenure for minimum EMI. A ₹50L loan at 8.5%: 15 years = total interest ₹38.7L, 20 years = ₹54.1L, 30 years = ₹88.3L. The "affordable" 30-year EMI costs ₹49.6 lakh more than the 15-year option — almost another full loan amount in extra interest.
Get your exact EMI and interest breakup
Monthly EMI for ₹30 lakh home loan at various rates and tenures
| Tenure | @ 7.5% | @ 8.5% | @ 9.5% | @ 10.5% |
|---|---|---|---|---|
| 10 Years | ₹35,617 | ₹37,135 | ₹38,682 | ₹40,258 |
| 15 Years | ₹27,812 | ₹29,543 | ₹31,332 | ₹33,176 |
| 20 Years | ₹24,168 | ₹26,035 | ₹27,964 | ₹29,950 |
| 25 Years | ₹22,270 | ₹24,259 | ₹26,316 | ₹28,432 |
| 30 Years | ₹20,979 | ₹23,103 | ₹25,292 | ₹27,533 |