AMFI Registered MFD · ARN-130934 · Mutual fund investments are subject to market risks. CA Amit Kumar Jain · +91 93522 44475 Poornima Jain · +91 92525 44475 support@plenitude.co.in हिंदी

EMI calculator for home, car and personal loans.

Enter the loan amount, interest rate and tenure to see your monthly EMI and how much of what you pay is interest.

₹
₹1L₹2Cr
%
5%20%
yrs
1 yr30 yrs
Monthly EMI₹0
Total interest₹0
Total payment₹0
Outstanding principalInterest paid (cumulative)

Tip: investing a small SIP alongside your EMI can offset the interest you pay over the loan's life.

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How it is calculated

EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)

where P is the loan amount, r the monthly interest rate (yearly rate ÷ 12) and n the number of monthly instalments.

Example: a ₹50 lakh home loan at 8.5% for 20 years has an EMI of about ₹43,400, and the total interest over the loan is roughly ₹54 lakh, more than the loan itself.

Common questions

How can I reduce total interest?
A shorter tenure, a lower rate or part-prepayments all cut total interest. Even small prepayments early in the loan make a big difference.
Does the EMI include insurance or fees?
No. This calculator covers principal and interest only. Processing fees and insurance are extra.
Should I invest or prepay my loan?
It depends on the loan rate, your tax situation and your risk comfort. Talk to us and we can look at both options with you.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Returns shown are illustrations at an assumed rate and are not guaranteed. Plenitude Connect is an AMFI-registered Mutual Fund Distributor (ARN-130934); these tools are for education and are not investment advice.
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