EMI Calculator
Calculate EMI (Equated Monthly Installment) for your loans
EMI Loan Calculator
Calculate your monthly payments and get optimization suggestions
₹10.00 L
₹1.00 L₹1.00 Cr
8.5%
1%30%
20 years
1 year30 years
Loan Summary
Monthly EMI
₹8,678
Payments for 20 years
Total Interest
₹10.83 L
Total Payment
₹20.83 L
Financial Optimization Suggestions
Reducing your loan term to 15 years will increase your EMI to ₹9847.40, but you'll save ₹310244.56 in interest payments.
Negotiating your interest rate down to 7.5% could lower your EMI to ₹8055.93 and save you ₹149352.10 over the loan term.
Making an extra payment of ₹867.82 (10% of your EMI) each month could significantly reduce your loan term and save on interest.
Consider refinancing your loan if you can secure a lower interest rate. Even a 0.5% reduction could lead to substantial savings.