EMI Calculator
See your monthly EMI, total interest paid, and what the same money would do if you'd invested it instead.
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Your result
On a ₹20 lakh loan at 8.5% for 20 years, you'll pay ₹21.66 lakh in interest — about 108% of what you borrowed. The bank's not in business for fun.
- Monthly EMI
- ₹17,356
- Total interest
- ₹21.66 lakh
- Total payment
- ₹41.66 lakh
- Interest as % of loan
- 108.3%
If you'd invested this EMI at 12% instead
₹1.73 crore
Same monthly amount, same 20 years, in a low-cost index fund.
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The other side: what ₹{emi}/month would buy you invested
Plug the same monthly EMI into the Real Cost Calculator to see the alternative wealth path. The number that comes back is what every loan actually costs in opportunity terms.
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How EMI actually works
Indian home and personal loans use a reducing-balance amortisation. Your first EMI is mostly interest. As the balance drops, the interest portion shrinks and the principal portion grows. This is why prepayments in the early years save you so much more than prepayments late in the loan.
Negotiating your rate
If you've been on the same home loan for 2+ years and your rate is above the current market by 0.5%+, you're leaving money on the table. Walk into your branch and ask for a "spread reduction" (PSU banks) or "rate switch" (private banks). It is almost always granted on existing accounts. The conversion fee (₹2,000-10,000) pays back in 4-6 months.