#### Loan EMI

₹24,959

#### Total Interest Payable

₹34,90,279

#### Total Payment (Principal + Interest)

₹59,90,279

### How to use EMI calculator?

With colourful charts and instant results, our EMI calculator is easy to
use, intuitive to understand and is quick to perform. You can calculate
EMI for home loan, car loan, personal loan, education loan or any other
fully amortizing loan using this calculator.

Enter the following information in the EMI calculator:

- Principal loan amount you wish to avail (rupees)
- Loan term (months or years)
- Rate of interest (percentage)
- EMI in advance OR EMI in arrears (for car loan only)

Use the slider to adjust the values in the EMI calculator form. If you
need to enter more precise values, you can type the values directly in
the relevant boxes provided above. As soon as the values are changed
using the slider (or hit the ‘tab’ key after entering the values
directly in the input fields), EMI calculator will re-calculate your
monthly payment (EMI) amount.

A pie chart depicting the break-up of total payment (i.e., total
principal vs. total interest payable) is also displayed. It displays the
percentage of total interest versus principal amount in the sum total of
all payments made against the loan. The payment schedule table showing
payments made every month / year for the entire loan duration is
displayed along with a chart showing interest and principal components
paid each year. A portion of each payment is for the interest while the
remaining amount is applied towards the principal balance. During
initial loan period, a large portion of each payment is devoted to
interest. With passage of time, larger portions pay down the principal.
The payment schedule also shows the intermediate outstanding balance for
each year which will be carried over to the next year.