Calculator
SBI EMI calculator
EMI maths with SBI-style defaults.
≈ ₹10.00 L
- Monthly EMI
- ₹20,831
- Total interest
- ₹2,49,874
- Total payment
- ₹12,49,874
- Principal ₹10,00,000(80%)
- Interest ₹2,49,874(20%)
Year-by-year schedule
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹1,65,293 | ₹84,682 | ₹8,34,707 |
| 2 | ₹1,81,068 | ₹68,907 | ₹6,53,640 |
| 3 | ₹1,98,348 | ₹51,627 | ₹4,55,292 |
| 4 | ₹2,17,278 | ₹32,697 | ₹2,38,014 |
| 5 | ₹2,38,014 | ₹11,961 | ₹0 |
Read this before you act on the number
- 10 Things to Keep in Mind While Taking a Loan
Ten checks before signing any loan: interest rates, hidden charges, prepayment penalties, terms and conditions, loan scams, comparisons, and the RBI rules that
- Best Bank Accounts in India: Savings, Current & Zero Balance
Compare the best bank accounts in India: savings, current and zero-balance accounts with real 2026 interest rates, minimum balances and DICGC insurance.
Maths: Reducing-balance EMI. Rate is an editable starting point — verify against the lender's current rate card. Verify rates against the lender's or fund's current card before acting.
Questions about this calculator
- How does the SBI EMI calculator work?
- Reducing-balance EMI. Rate is an editable starting point — verify against the lender's current rate card. The result is an estimate in Indian rupees, not a quote from any lender, bank or fund.
- Are the default rates current?
- No. Defaults are illustrative starting points. Verify the current rate against the lender's or fund's latest rate card before making a decision.
- Is the SBI EMI calculator free to use?
- Yes. It runs in your browser, with no login and no inputs sent to a server.