LoanVerdict

Banks show EMI. We show the real cost.

Calculate EMI, total interest, affordability, and prepayment savings before taking a loan.

Private by default. Runs in your browser.

Loan details

Adjust values to see your EMI, interest, and affordability instantly.

Loan amount₹

Interest rate%Tenureyrs

Loan type

Monthly income₹Existing EMIs₹

Private by default. Loan inputs stay in your browser.

Loan Verdict

Estimated EMI

₹43,391/ month

Manageable but costly

₹1 borrowed → ₹2.08 repaid.

Your EMI is only one part of the story. PayVerdict shows how much interest you pay, how heavy the loan feels on your income, and how prepayments can reduce the burden.

Total repayment

₹1 Cr

Total interest

₹54.1L

Loan cost multiplier

2.08x

Debt pressure

41.0% of monthly income after existing EMIs

Moderate

Low≤30%

Moderate30–45%

High>45%

Monthly EMI

₹43,391

per month

Total interest

₹54.1L

over full tenure

Total payment

₹1 Cr

principal + interest

Affordability

32.1%

new EMI / income

Real cost breakdown

Total paid₹1 Cr

Principal paid48.0%

₹50,00,000

Interest paid52.0%

₹54,13,879

What this really means

₹1 borrowed → ₹2.08 repaid

Interest cost → ₹54.1L

Total debt burden → 41.0% of income

Prepayment saving → ₹16.5L

Savings lever

Prepayment savings simulator

Small prepayments can reduce interest faster than most borrowers expect.

One-time prepayment₹Monthly extra payment₹

Interest saved

₹16.5L

Closes earlier by

5 yr 1 mo

New tenure

14 yr 11 mo

New total repayment

₹87.6L

Repayment schedule preview

First five years of principal, interest, and remaining balance.

Year	Principal paid	Interest paid	Total payment	Balance
1	₹99,511	₹4,21,182	₹5,20,694	₹49,00,489
2	₹1,08,307	₹4,12,387	₹5,20,694	₹47,92,181
3	₹1,17,881	₹4,02,813	₹5,20,694	₹46,74,300
4	₹1,28,300	₹3,92,394	₹5,20,694	₹45,46,000
5	₹1,39,641	₹3,81,053	₹5,20,694	₹44,06,359

Loan basics

Understand the loan before you sign it.

What is an EMI?

EMI stands for Equated Monthly Instalment. It is the fixed monthly amount you pay towards a loan, covering both principal and interest.

How this EMI calculator helps

Use this loan EMI calculator to estimate monthly EMI, see total interest payable, understand total repayment, check affordability, simulate prepayment savings, and preview the yearly repayment schedule.

EMI formula used

EMI = P × r × (1 + r)^n / ((1 + r)^n − 1)

P is loan amount, r is monthly interest rate, and n is the number of monthly payments.

How to reduce your loan interest

• Make small monthly prepayments.
• Use annual bonus for part-payment.
• Compare loan offers beyond just EMI.
• Choose tenure carefully.
• Avoid over-borrowing based only on eligibility.

Frequently asked questions

What is an EMI calculator?

An EMI calculator helps estimate the monthly installment for a loan based on loan amount, interest rate, and tenure.

How is EMI calculated?

EMI is calculated using the loan principal, monthly interest rate, and total number of monthly payments.

Does lower EMI always mean a better loan?

No. Lower EMI often comes from longer tenure, which can increase the total interest paid.

How can I reduce total interest on a loan?

You can reduce interest by making prepayments, choosing a shorter tenure, or getting a lower interest rate.

What is a good EMI-to-income ratio?

As a simple rule, keeping total EMIs below 30–40% of monthly income is safer. Higher ratios can create monthly cash pressure.

Does this calculator support home, car, and personal loans?

Yes. It can estimate EMI and total cost for home loans, car loans, personal loans, education loans, and business loans.

Checking loan affordability?

Estimate your monthly take-home first, then compare whether this EMI leaves enough room for savings and goals.

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