Loan Interest Calculator
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Total Interest Payable
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Principal Amount
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Total Interest Payable
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Total Amount Payable
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Estimate only — your lender's exact EMI may vary slightly based on rounding and processing conventions.
View year-wise amortization schedule
| Month | EMI | Principal | Interest | Balance |
|---|
A loan interest calculator focuses on a single question: not what your EMI will be, but how much interest you'll pay in total by the time the loan is fully repaid.
For long-tenure loans like home loans, total interest can add up to more than the principal itself — seeing that number clearly, before signing, is often the push people need to consider a shorter tenure.
How This Calculator Works
Total interest is calculated as (EMI × Number of Months) − Principal, using the same standard EMI formula used across Indian lending.
Frequently Asked Questions
Why is my total interest higher than my loan amount?
This is common for long-tenure loans at moderate-to-high interest rates, especially home loans over 20+ years. A longer tenure and higher rate both increase the share of each EMI that goes toward interest rather than principal.
How much can I save by choosing a shorter tenure?
Often significantly — try reducing the tenure and comparing the total interest figure. The EMI will rise, but the interest saved can be substantial over the life of the loan.