Monthly payment, total interest and year-wise repayment schedule — for any loan, any currency
| Year | Principal Paid | Interest Paid | Balance |
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Your EMI (Equated Monthly Installment) is fixed for the loan's life using the formula EMI = P × r × (1+r)n ÷ ((1+r)n − 1), where P is the principal, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of months. A ₹25,00,000 home loan at 8.5% for 20 years gives an EMI of about ₹21,696 — and total interest of ₹27.1 lakh, more than the loan itself. This calculator shows all of it: EMI, total interest, total payment and a year-wise schedule of how much principal and interest you pay each year.
It works for home loans, car loans, personal loans, education loans and mortgages in Rupees, Dollars, Euros or Pounds — the math is universal. Enter tenure in years or months, and use the amortization table to see how early payments are mostly interest while later ones are mostly principal — the key insight behind why prepaying in the first few years saves the most money.
Each row shows one year: principal repaid, interest paid and the remaining balance. Compare two tenures before committing — a 15-year loan has a higher EMI than 20 years but dramatically lower total interest. All calculations run in your browser; your financial figures are never uploaded or stored.