Calculate EMI with full amortization schedule — ideal for home loans, car loans, and personal loans
Pay extra once a year (bonus, increment) to close the loan faster.
Monthly EMI
₹17,356
Principal
₹20,00,000
Total Interest
₹21,65,552
Total Payable
₹41,65,552
Our loan calculator provides a comprehensive analysis of any loan — home loan, personal loan, car loan, or education loan. Enter your loan amount, interest rate, and tenure to instantly see your EMI. Click “Show Amortization Schedule” to see a month-by-month breakdown of how each EMI payment is split between principal and interest.
In the early months of a loan, a larger portion of each EMI goes toward paying interest. As the loan progresses, the principal component gradually increases. This is called amortization. For a 20-year home loan, you may find that in the first year, over 80% of each EMI is interest!
This is why making prepayments in the early years of a loan is so effective — it directly reduces the principal, which reduces the interest calculated going forward, potentially saving you lakhs over the loan tenure.
| Lender | Interest Rate (approx.) | Type |
|---|---|---|
| SBI Home Loan | 8.50% – 10.05% | Floating |
| HDFC Bank | 8.70% – 9.95% | Floating |
| LIC Housing Finance | 8.50% – 10.75% | Floating |
| Axis Bank | 8.75% – 13.30% | Floating |
| ICICI Bank | 8.75% – 9.80% | Floating |
* Rates are indicative and may change. Always verify with the lender before applying.