EMI Visualizer
Loan EMI with a year-by-year principal vs. interest breakdown.
Where your money goes
Early years are interest-heavy, so prepayments made early in the tenure save the most.
About this tool
This EMI calculator goes beyond the monthly number. It amortises your loan month by month and charts every year of the tenure, so you can see how interest-heavy the early years are and how much a prepayment would actually save. It uses the standard reducing-balance formula that banks in India use for home, car, and personal loans.
Frequently asked questions
How is EMI calculated?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the principal, r the monthly interest rate, and n the number of months. This is the reducing-balance method every major lender uses.
Why is most of my early EMI just interest?
Interest is charged on the outstanding balance, which is highest at the start. As the balance falls, more of each EMI goes to principal. The year-by-year chart makes this visible.
When does prepaying a loan save the most?
Early in the tenure. A prepayment in year two removes principal that would otherwise accrue interest for the entire remaining term.