What does your loan actually cost you?
The EMI number alone hides how much of each payment is interest versus principal, and how that ratio shifts over the life of the loan. See the full schedule.
Enter your loan amount, rate, and tenure to see your EMI.
Questions people actually ask
- Why is so much of my early EMI interest, not principal?
- Interest is charged on the outstanding balance, which is highest at the start of the loan — so early EMIs are mostly interest, and later ones are mostly principal, even though the EMI amount itself stays constant.
- Does prepaying early save more than prepaying later?
- Yes, meaningfully more — a prepayment in year 2 avoids far more future interest than the same amount prepaid in year 15, since it removes principal while the outstanding balance (and therefore the interest charged on it) is still largest.