EMI Calculator
Monthly instalment, total interest and total outgo on any loan.
EMI Calculator
Monthly instalment, total interest and total outgo on any loan.
- Monthly EMI
- ₹22,493
- Total interest
- ₹28.98 lakh
- Total payment
- ₹53.98 lakh
- Interest as % of loan
- 115.9%
Scenario comparison — Tenure scenario (years)
| Scenario | Monthly EMI | Total interest | Total payment |
|---|---|---|---|
| 10 | ₹31,669 | ₹13.00 lakh | ₹38.00 lakh |
| 15 | ₹25,357 | ₹20.64 lakh | ₹45.64 lakh |
| 20 | ₹22,493 | ₹28.98 lakh | ₹53.98 lakh |
| 25 | ₹20,980 | ₹37.94 lakh | ₹62.94 lakh |
| 30 | ₹20,116 | ₹47.42 lakh | ₹72.42 lakh |
How is this calculated?
Formula: EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where r is the monthly rate and n the number of months.
Example: A ₹25 lakh loan at 9% for 20 years works out to an EMI of about ₹22,493.
- A longer tenure lowers the EMI but sharply increases total interest.
- Even a 0.25% lower rate can save lakhs over a 20-year loan.
- Home loan interest and principal may qualify for deductions — check which regime you are in.
Your entries are user inputs; rates and returns you cannot control are assumptions. Results are illustrative, not a statutory computation.
How this calculator works
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where r is the monthly rate and n the number of months.
Example
A ₹25 lakh loan at 9% for 20 years works out to an EMI of about ₹22,493.
Frequently asked questions
Does a longer tenure help?
It lowers the EMI but sharply raises total interest. Compare tenures in the scenario table before deciding.
Can I claim tax benefits?
Home loan interest and principal have specific deductions depending on the regime you choose. A Bluman CA can confirm what applies to you.
Statutory limits used here reflect FY 2025-26 (AY 2026-27). Results are illustrative and do not constitute tax, legal or investment advice. Speak to a Bluman Chartered Accountant before acting on them.
Need help putting this into action?
Book a Bluman consultation