EMI Calculator 2026: Home, Car & Personal Loan
India's most comprehensive loan EMI calculator for salaried professionals. Calculate EMI, plan prepayments, compare loan offers, check salary-based affordability & download your full amortization schedule.
🏠 Loan Details
💡 SBI / HDFC / ICICI rates
Monthly EMI
₹43,391
for 20 yr starting Apr 2026
Principal
₹50.00 L
Total Interest
₹54.14 L
Total Payable
₹1.04 Cr
Interest Burden
52.0%
of total payable
Interest : Principal
1.08x
interest multiple
Loan Ends
Mar 2046
projected payoff date
EMI/Day
₹1,423
daily cost of loan
📊 Payment Breakdown
Principal
₹50.00 L
Total Interest
₹54.14 L
₹1.04 Cr
total payable
20 yr
📈 Year-by-Year Breakdown
+ 11 more years · see Schedule tab
📋 Home Loan Summary
Loan: ₹50.00 L · Rate: 8.5% · Tenure: 20 yr · EMI: ₹43,391/mo · Total Interest: ₹54.14 L
4 sheets: Loan Summary · Amortization Schedule · Prepayment Impact · Affordability Report · Free, no sign-up
Frequently Asked Questions — EMI Calculator
Common questions about home loan, car loan and personal loan EMI calculation for salaried professionals in India
What is the EMI for a ₹50 lakh home loan at 8.5% for 20 years?▾
For a ₹50 lakh home loan at 8.5% p.a. for 20 years, the EMI is approximately ₹43,391/month. Total interest payable is ₹54.1 lakh, making total repayment ₹1.04 crore. Use the Calculator tab above — change the loan amount, rate and tenure to match your exact bank offer.
Should I reduce EMI or reduce tenure when I make a prepayment?▾
Reducing tenure saves more total interest and makes you debt-free faster — the better choice if your monthly cash flow is comfortable. Reducing EMI gives immediate monthly relief but saves less overall. For salaried professionals with annual increments, reducing tenure is generally the smarter option. Use the Prepayment tab to compare both options side-by-side.
How much home loan can I get on a ₹1 lakh salary?▾
On ₹1 lakh take-home salary, banks approve loans where total EMIs do not exceed 40–50% FOIR. With no existing EMIs at 40% FOIR, your maximum monthly EMI is ₹40,000. At 8.5% for 20 years, this gives a maximum home loan eligibility of approximately ₹46 lakh. If you have existing car or personal loans, that headroom reduces proportionally.
How does a prepayment reduce total interest on a home loan?▾
In early loan years, 70–80% of each EMI goes toward interest. A lump-sum prepayment directly cuts the outstanding principal, reducing interest on all future EMIs. For example, a ₹5 lakh prepayment in Year 3 of a ₹50 lakh / 20-year loan can save ₹8–12 lakh in total interest and cut 2–3 years off the tenure. Check the Prepayment tab to calculate your exact savings.
What is FOIR and how does it affect loan eligibility?▾
FOIR (Fixed Obligation to Income Ratio) is the % of monthly income banks allow for all EMIs combined — typically 40–50% for salaried professionals. If you already pay ₹15,000 EMI on a ₹60,000 salary, your FOIR is 25%, leaving only 15–25% headroom for a new loan. Use the Affordability tab and add your existing loans individually to see your exact eligible amount.
Can I download the loan amortization schedule as Excel?▾
Yes — click "Download Excel Report" in the green bar above. You get a 4-sheet Excel: (1) Loan Summary with all key metrics, (2) Full month-by-month amortization with opening balance, EMI split, interest, principal and closing balance, (3) Prepayment impact schedule if you added prepayments, and (4) Affordability report with FOIR analysis. Free, no sign-up required.
Built by ProfitNifty
Personal finance platform for Indian salaried professionals · Smart Money for Every Indian Salary
⚠️ Disclaimer: This EMI calculator is for informational and educational purposes only. Actual EMI may vary based on your bank's calculation method (daily reducing balance vs monthly), processing fees, GST, insurance premiums, prepayment charges and other bank-specific terms. Interest rates shown are indicative and subject to change at the bank's discretion. ProfitNifty is not an RBI-registered lending institution or SEBI-registered financial advisor. Please consult your bank or a certified financial planner before taking any loan decision. | profitnifty.in · Smart Money for Every Indian Salary.