EMI calculator
Your EMI, total interest and the real cost of a loan.
Monthly EMI
₹21,696
240 instalments
Interest paid
₹27,06,939
108% of the amount borrowed
Total repaid
₹52,06,939
over 20 years
Repayment in today's money
₹30,28,286
discounted at 6% inflation
The real cost of the loan
Nominally you repay ₹52,06,939. Because later instalments are paid in cheaper rupees, the real cost is closer to ₹30,28,286. This is why prepaying a long loan isn't always worth it when its rate is lower than the return you expect on your investments.