Land loan EMI calculator
A Rs 20,00,000 plot loan at 9.5% for 15 years has an EMI of Rs 20,884 and total interest of Rs 17,59,209. Enter the amount and rate offered to you.
Results update as you type. Nothing you enter is stored.
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | Rs 63,324 | Rs 1,87,290 | Rs 19,36,676 |
| 2 | Rs 69,609 | Rs 1,81,005 | Rs 18,67,067 |
| 3 | Rs 76,517 | Rs 1,74,097 | Rs 17,90,550 |
| 4 | Rs 84,111 | Rs 1,66,502 | Rs 17,06,438 |
| 5 | Rs 92,459 | Rs 1,58,155 | Rs 16,13,979 |
| 6 | Rs 1,01,636 | Rs 1,48,978 | Rs 15,12,343 |
| 7 | Rs 1,11,723 | Rs 1,38,891 | Rs 14,00,620 |
| 8 | Rs 1,22,811 | Rs 1,27,803 | Rs 12,77,809 |
| 9 | Rs 1,35,000 | Rs 1,15,614 | Rs 11,42,810 |
| 10 | Rs 1,48,398 | Rs 1,02,216 | Rs 9,94,412 |
| 11 | Rs 1,63,126 | Rs 87,488 | Rs 8,31,285 |
| 12 | Rs 1,79,316 | Rs 71,298 | Rs 6,51,969 |
| 13 | Rs 1,97,113 | Rs 53,501 | Rs 4,54,856 |
| 14 | Rs 2,16,676 | Rs 33,938 | Rs 2,38,180 |
| 15 | Rs 2,38,180 | Rs 12,434 | Rs 0.00 |
| Tenure | EMI | Total interest |
|---|---|---|
| 1 yr | Rs 1,75,367 | Rs 1,04,404 |
| 2 yr | Rs 91,829 | Rs 2,03,896 |
| 3 yr | Rs 64,066 | Rs 3,06,372 |
| 4 yr | Rs 50,246 | Rs 4,11,821 |
| 5 yr | Rs 42,004 | Rs 5,20,223 |
| 7 yr | Rs 32,688 | Rs 7,45,789 |
| 15 yr | Rs 20,884 | Rs 17,59,209 |
How it works
Plot loans are repaid like home loans, with a fixed EMI on a reducing balance. Lenders usually finance a smaller share of a plot's value than of a house and may cap the tenure lower, so check the sanction terms.
Formula
EMI = P r (1 + r)^n / ((1 + r)^n - 1)
Frequently asked questions
How is EMI calculated?
With the reducing balance formula EMI = P r (1+r)^n / ((1+r)^n - 1), where r is the monthly rate and n the number of months.
Why is most of the early EMI interest?
Interest is charged on the outstanding balance, which is highest at the start, so early EMIs repay little principal.
Is a plot loan the same as a home loan?
No. It is a separate product with its own limits and tax treatment; the EMI arithmetic is the same.
Related
This tool is for information only and is not investment, tax or legal advice. Results depend on the inputs and assumptions you enter; check important figures with the official source or a qualified professional.