Kubear logoKubear
Sign up
All tools

EMI Calculator

Every EMI, one honest number.

Enter the loan amount, interest rate and tenure. See your monthly EMI, the total interest, and how much of the loan is actually interest.

Your monthly EMI
₹44,986
On a ₹50,00,000 loan at 9% for 20 years.
Total interest
₹57,96,711
116% of principal
Total payment
₹1,07,96,711
Principal + interest
Payments
240
EMIs across the tenure
Plain-English insights
  • You pay ₹57,96,711 in interest — that's 115.9% of the loan you took.
  • Cutting the tenure to 15 years raises your EMI by ₹5,727 but saves ₹16,68,312 in interest.
  • Prepaying ₹5,00,000 (10% of principal) in year 2 typically saves 2–3 years of EMIs at this rate.
Where does your money go?
Principal Interest
What this tool assumes

EMIs are computed on a reducing-balance basis with monthly compounding — the standard formula banks use. Processing fees, GST, insurance and floating-rate resets are not modelled.

Common questions
How is EMI calculated?

EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is the loan amount, r is the monthly interest rate, and n is the number of months. This tool does that math for you.

Does a lower interest rate always mean lower EMI?

Yes, for the same amount and tenure. But a longer tenure at the same rate lowers EMI while raising total interest — a ₹50L loan at 8.5% costs ₹43L interest over 20 years vs ₹28L over 15.

Should I prepay my home loan?

In the first 5 years of a home loan, most of your EMI is interest — prepayment there saves the most. In the last 5 years, it barely helps because the interest portion is already tiny.

What's a good EMI-to-income ratio?

Keep total EMIs (home + car + personal) under 40% of your take-home. Banks will approve higher, but life outside the EMI matters.

Are there hidden costs?

Yes — processing fee (0.5–1%), legal/valuation, GST, and pre-EMI interest during construction. Add roughly 2% to the sticker cost.

How this is calculated
EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ − 1)

Every month you pay some interest on the outstanding balance plus a bit of principal. Early on it's mostly interest; late on it's mostly principal. This tool builds the full month-by-month schedule.

Assumptions
  • Interest rate is fixed for the full tenure (in reality, floating loans repriced every 3 months).
  • No prepayments, no missed EMIs.
  • Processing fees, insurance and GST are excluded from the EMI shown.
What it can't tell you
  • Add ~2% one-time cost for realistic total outflow.
  • Prepaying early can save 30–50% of the interest shown here.
Keep exploring
Tool
Credit Card Payoff
See the true cost, in years and rupees, of paying only the minimum due.

Stop juggling apps. Get Kubear.

One calm home for every account, bill and question about your money. Read-only. Made in India.

Sign up