India's Most Trusted EMI Calculator

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Best rates starting at 7.20%* p.a.

EMI Calculator

Calculate your loan EMI & check eligibility instantly

Loan Details

₹50.0L
7.2%
20 Years

Eligibility Check

Loan Summary

Eligibility
₹0
✓ Approved
Monthly EMI
₹0
240 months
Total Interest
₹0
0.0% of loan
Total Payment
₹0
Principal + Interest
Yearly Payment
₹0
Avg. Interest/Month
₹0
Interest %
NaN%

Payment Schedule

Amortization table for 240 payments

MonthEMIInterestPrincipalBalance
1₹0₹30.0K₹-30000₹50.3L
2₹0₹30.2K₹-30180₹50.6L
3₹0₹30.4K₹-30361.08₹50.9L
4₹0₹30.5K₹-30543.24648₹51.2L
5₹0₹30.7K₹-30726.505958880003₹51.5L
6₹0₹30.9K₹-30910.864994633284₹51.8L
7₹0₹31.1K₹-31096.330184601084₹52.1L
8₹0₹31.3K₹-31282.90816570869₹52.5L
9₹0₹31.5K₹-31470.605614702945₹52.8L
10₹0₹31.7K₹-31659.429248391163₹53.1L
11₹0₹31.8K₹-31849.38582388151₹53.4L
12₹0₹32.0K₹-32040.482138824795₹53.7L

EMI Saving Tips

Maximize your savings

  • 💰
    Increase down payment to reduce loan amount
    Saves 10-15% interest
    1
  • ⏰
    Opt for shorter tenure
    Reduces total interest paid
    2
  • 📉
    Make part-prepayments whenever possible
    Lowers principal faster
    3
  • 📊
    Maintain good credit score
    Gets better interest rates
    4
  • 🔍
    Compare lenders before applying
    Save up to 0.5% on rates
    5

Rate Comparison

Top lenders in India

S
State Bank of India
Public Sector
8.7%
p.a.
H
HDFC Bank
Private Sector
8.9%
p.a.
I
ICICI Bank
Private Sector
9.1%
p.a.
A
Axis Bank
Private Sector
9.2%
p.a.
P
Punjab National Bank
Public Sector
8.8%
p.a.
🔥 Best Offer
Elite Financial
Fast approval & low processing
7.20%*
Starting Rate

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Frequently Asked Questions

Get answers to common questions about EMI calculation and loan processes

1

What factors affect my loan eligibility?

Your loan eligibility depends on income, age, credit score, existing obligations, employment type, and property value (for home loans).

2

How is EMI calculated?

EMI is calculated using the formula: [P x R x (1+R)^N]/[(1+R)^N-1], where P = Principal, R = Monthly Interest Rate, N = Loan Tenure in months.

3

Can I prepay my loan?

Yes, most lenders allow prepayment with minimal charges. Early repayment can significantly reduce your total interest burden.

4

What documents are required?

Typically you need ID proof, address proof, income proof (salary slips/bank statements), property documents, and credit report.