Work out total interest payable instantly with clear inputs, formula shown and shareable results.
Total interest is simply every instalment added up less the amount borrowed. Expressing it per unit borrowed makes the cost of long tenures obvious: at 9.5% over 15 years you repay well over one and a half times what you borrowed.
Total interest
Total interest = EMI × n - P
Figures are estimates. Lenders apply their own rounding, fees and eligibility rules, and rates change. This is not financial advice — confirm the numbers with your lender.
No. A lower EMI usually means a longer tenure and materially more interest overall.
Shorten the tenure, prepay whenever possible, or refinance to a lower rate — in that order of impact for most borrowers.