CapitalMap · Loan EMI calculator
Loan EMI Calculator for India
Calculate monthly EMI for home loans, car loans, and personal loans. Start with an example ₹50 lakh home loan at 8.5% for 20 years — then change the numbers to match your loan.
How EMI is calculated
Principal, rate, and tenure
EMI (equated monthly instalment) spreads repayment across equal monthly payments. Each EMI has two parts: interest on the outstanding balance and principal repayment. Early months are interest-heavy; later months pay down more principal.
Standard reducing-balance formula
EMI = P × r × (1+r)n / ((1+r)n − 1)
P = loan amount, r = monthly interest rate (annual ÷ 12), n = tenure in months. Indian banks use this for home, car, and personal loans.
Try it live
Loan EMI calculator for India
Each visit starts with an example ₹50 lakh home loan at 8.5% for 20 years. Change the loan type, amount, rate, or tenure to see EMI, total interest, and a sample amortisation table. For tracking outstanding principal on your balance sheet, see the loan and debt register.
EMI calculator
Monthly EMI for Indian loans
Example home loan pre-filled — edit amount, rate, or tenure. Nothing is saved.
Monthly EMI
₹43,391
Home loan · 20 years (240 months)
Principal
₹50,00,000
Total interest
₹54,13,879
Total repayment
₹1,04,13,879
First months — principal vs interest
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹43,391 | ₹7,974 | ₹35,417 | ₹49,92,026 |
| 2 | ₹43,391 | ₹8,031 | ₹35,360 | ₹49,83,995 |
| 3 | ₹43,391 | ₹8,088 | ₹35,303 | ₹49,75,907 |
| 4 | ₹43,391 | ₹8,145 | ₹35,246 | ₹49,67,762 |
| 5 | ₹43,391 | ₹8,203 | ₹35,188 | ₹49,59,559 |
| 6 | ₹43,391 | ₹8,261 | ₹35,130 | ₹49,51,298 |
- Over 20 years you repay ₹1.04 Cr — ₹54.1 L is interest (52% of outflow).
- EMI is a cash-flow number. For net worth, track outstanding principal on your loan register — not the EMI total.
- Shorter tenure raises EMI by about ₹881/month but can save ₹3.2 L in total interest over the loan.
Illustrative calculator — not advice, and not your CapitalMap vault.
EMI vs outstanding principal
Cash flow is not the same as debt
EMI tells you how much leaves your account each month. Outstanding principal is what you still owe — and that is what belongs on a household balance sheet. Use this calculator for planning; use a debt register for net worth.
EMI
Cash flow
Monthly outflow from salary
Principal
Liability
What net worth subtracts
FAQ
Frequently asked questions
How is loan EMI calculated in India?
EMI uses the reducing-balance formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is loan amount, r is monthly interest rate (annual rate ÷ 12), and n is tenure in months. Indian banks use this for home, car, and personal loans.
What is a good EMI to salary ratio?
Many lenders prefer total EMIs under 40–50% of net monthly income. That is a lending guideline, not a life rule. Use this calculator to see the EMI, then check whether it fits your household cash flow after rent, SIPs, and savings.
Does EMI affect net worth?
EMI is a cash-flow outflow, not a net-worth line item. Net worth uses outstanding loan principal as a liability. Paying EMI reduces principal over time; prepayments drop principal faster. Track outstanding on a [loan register](/loan-and-debt-tracker), not the EMI total.
Can I calculate home loan EMI online?
Yes. Use the calculator above with your loan amount, annual interest rate, and tenure in years. It shows monthly EMI, total interest, total repayment, and a sample amortisation table for the first months.
What is the difference between EMI and outstanding principal?
EMI is what you pay each month (interest + principal). Outstanding principal is what you still owe today. For net worth, list outstanding principal as a liability. EMI belongs in expenses or a cash-flow calendar.
Is CapitalMap a loan or EMI app?
No. CapitalMap does not issue loans or collect EMIs. It is a household wealth tracker: log outstanding loan principal next to assets, calculate net worth, and store records in a Google Sheet you own.
Know your EMI. Track the debt.
Use the calculator to plan cash flow. Use CapitalMap to log outstanding principal next to your assets — in a Google Sheet you own.
Start Tracking →