An equated monthly installment (EMI) is a fixed payment amount made by you (borrower) to a bank (lender) each month. EMIs are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full.
This EMI calculator helps you calculate the EMI payable for home loan, personal loan and car loans. You can enter the loan amount, interest rate & the tenure (period of time within which loan will be repaid) and the calculator will calculate the EMI for that tenure.
At upwardly, we believe that if your Home, Car or Personal Loan interest rate is high, then you must prepay those first before investing.
Fixed Deposit interest rates are always lower than Interest rate on Loans. Additionally, the interest income from FD is also taxable at a rate as per your Income Slab (For example Tax Rate is 30% for a person with Annual Income greater than Rs 10 Lakhs).
Click here to visit our better Than FD page to see products that have higher rates of return and better taxation for you.
|DURATION||LOAN AMOUNT||EMI PAYABLE*|
|₹ 25,00,000||₹ 24,126|
|3 yrs||₹ 25,00,000||₹ 80,668|
|5 yrs||₹ 25,00,000||₹ 53,118|
|7 yrs||₹ 25,00,000||₹ 41,503|
|10 yrs||₹ 25,00,000||₹ 33,038|
|15 yrs||₹ 25,00,000||₹ 26,865|
|20 yrs||₹ 25,00,000||₹ 24,126|
|25 yrs||₹ 25,00,000||₹ 22,718|
|28 yrs||₹ 25,00,000||₹ 22,199|
|30 yrs||₹ 25,00,000||₹ 21,939|