MoneyKit / Loan tools
EMI calculator
made simple.
Know your monthly payment before you sign. Adjust the numbers and see the full cost of your loan in seconds.
Your estimate
Monthly EMI
Over the life of your loan
Annual payment breakdown
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹99,511 | ₹4,21,182 | ₹49,00,489 |
| 2 | ₹1,08,307 | ₹4,12,387 | ₹47,92,181 |
| 3 | ₹1,17,881 | ₹4,02,813 | ₹46,74,300 |
| 4 | ₹1,28,300 | ₹3,92,394 | ₹45,46,000 |
| 5 | ₹1,39,641 | ₹3,81,053 | ₹44,06,359 |
| 6 | ₹1,51,984 | ₹3,68,710 | ₹42,54,375 |
| 7 | ₹1,65,418 | ₹3,55,276 | ₹40,88,957 |
| 8 | ₹1,80,039 | ₹3,40,655 | ₹39,08,918 |
| 9 | ₹1,95,953 | ₹3,24,741 | ₹37,12,965 |
| 10 | ₹2,13,274 | ₹3,07,420 | ₹34,99,691 |
| 11 | ₹2,32,125 | ₹2,88,569 | ₹32,67,566 |
| 12 | ₹2,52,643 | ₹2,68,051 | ₹30,14,923 |
| 13 | ₹2,74,974 | ₹2,45,720 | ₹27,39,949 |
| 14 | ₹2,99,279 | ₹2,21,415 | ₹24,40,670 |
| 15 | ₹3,25,733 | ₹1,94,961 | ₹21,14,937 |
| 16 | ₹3,54,525 | ₹1,66,169 | ₹17,60,412 |
| 17 | ₹3,85,862 | ₹1,34,832 | ₹13,74,550 |
| 18 | ₹4,19,968 | ₹1,00,726 | ₹9,54,582 |
| 19 | ₹4,57,090 | ₹63,604 | ₹4,97,492 |
| 20 | ₹4,97,492 | ₹23,202 | ₹0 |
Understand the result
How it works
The calculator converts your annual interest rate into a monthly rate and applies the standard EMI formula to your loan amount and number of monthly payments. Each payment includes both principal and interest, with the balance changing over time.
Worked example: For a ₹10 lakh loan at 8.5% interest for 5 years, the estimated EMI is about ₹20,517 per month, before lender fees or other charges.
Good to know
Frequently asked questions
What is EMI?+
EMI stands for Equated Monthly Instalment. It is the fixed amount you pay your lender each month toward the principal and interest on your loan.
How is the EMI calculated?+
MoneyKit uses the standard EMI formula: P x r x (1+r)^n / ((1+r)^n - 1). Here, P is the principal, r is the monthly interest rate, and n is the total number of monthly payments.
Does this calculator include fees or taxes?+
No. This estimate covers principal and interest only. Processing fees, insurance, GST, prepayment charges, and lender-specific adjustments may change your actual repayment.
Can I use it for a home, car, personal, or education loan?+
Yes. Select the loan type to start with a relevant example, then replace the amount, rate, and tenure with your own details.
Is the result guaranteed?+
No. Results are estimates for planning. Confirm the final interest rate, fees, repayment schedule, and terms with your lender before making a decision.
Important: This calculator provides estimates for educational and planning purposes. Actual EMI, interest, fees, and repayment terms vary by lender. Please confirm all details with your lender.