Loan EMI Calculator
Calculate EMI for Home Loan, Car Loan, Personal Loan with additional charges
Home Loan
Car Loan
Personal Loan
Education Loan
Loan Amount (Principal)
âš10,00,000
Interest Rate (Annual)
8.5%
Loan Tenure
20 Years
Interest Calculation Type
Reducing Balance
đ
Additional Charges & Fees
Processing Fee
âšī¸
One-time fee charged by lender for processing loan application
(0.5%)
Insurance Premium
âšī¸
Annual insurance premium for loan protection
(1.2%)
Legal & Technical Fees
âšī¸
Fees for legal documentation and technical verification
(0.8%)
Prepayment Penalty
âšī¸
Charges for early loan repayment (if applicable)
% of prepaid amount
Your Monthly EMI
âš8,722
for 20 years at 8.5% interest
Total Loan Amount
âš10,00,000
Principal + Additional Charges
Total Interest Payable
âš10,93,280
Over entire loan tenure
Total Payment
âš20,93,280
Principal + Interest
Effective Interest Rate
8.7%
Including all charges
Payment Distribution
Compare with Different Tenures
5 Years EMI
âš20,516
+135%
15 Years EMI
âš9,845
-13%
Total Interest (5Y)
âš2,30,960
-79%
Total Interest (15Y)
âš7,72,100
-29%
Amortization Schedule (Yearly)
| Year | Principal Paid | Interest Paid | Remaining Balance | Cumulative Interest |
|---|
Showing first 5 years of amortization schedule