Last reviewed: 10 September 2026. Figures use the reducing-balance EMI in the loan calculators. They are not bank quotes.
Indian retail loans almost always charge interest on the outstanding principal. That single fact is why the first years of a 20-year book look “interest heavy,” why a part-prepayment saves more than the rupee you paid, and why stretching tenure to shrink EMI is expensive. This page collects the loan tools and the long-form notes that use those identities — not a list of every possible city and ticket size.
If the rate is zero the engine splits P across n months. Processing fees, GST, insurance and construction-stage pre-EMI are not added unless a specific calculator says so. Reproduce any row below on home loan, personal loan or car loan by typing the same P, rate and years.
| Tenure | EMI | Total repaid | Interest |
|---|---|---|---|
| 15 years | ₹38,226 | ₹68,80,695 | ₹28,80,695 |
| 20 years | ₹33,458 | ₹80,29,825 | ₹40,29,825 |
| 25 years | ₹30,873 | ₹92,61,795 | ₹52,61,795 |
| 30 years | ₹29,351 | ₹1,05,66,210 | ₹65,66,210 |
The 30-year EMI is only about ₹9,000 below the 15-year EMI, but interest more than doubles. If FOIR is the constraint, read how much EMI you can afford before you pick the long book as a default.
Personal-loan rates sit above housing rates because there is usually no property to pledge. Tenure is short, so EMI looks large relative to principal even when total interest is smaller than a 20-year mortgage.
| Tenure | EMI | Total interest |
|---|---|---|
| 2 years | ₹23,771 | ₹70,502 |
| 3 years | ₹16,847 | ₹1,06,491 |
| 4 years | ₹13,414 | ₹1,43,860 |
| 5 years | ₹11,377 | ₹1,82,592 |
Car and two-wheeler tools expect the amount you will borrow, not on-road price. Subtract the down payment first. ₹8 lakh at 10% for 5 years is about ₹16,998 EMI and ₹2,19,858 interest on this engine — check it on the car loan calculator.
Educational estimates only. Confirm fees, floating-rate resets and foreclosure rules with the lender. Disclaimer.