How is home-loan EMI calculated?
EMI is calculated from the loan principal, annual interest rate and repayment tenure. The calculator uses the standard reducing-balance EMI formula.
EMI = P × r × (1+r)n ÷ ((1+r)n − 1)
PLAN YOUR HOME LOAN
Home Loan EMI Calculator
Estimate your monthly home-loan payment, total interest and repayment cost in seconds.
YOUR LOAN
Live calculationLoan details
₹50,00,000
₹
₹1 Lac₹5 Cr
6.50% p.a.
%
4%15%
20 years
Yr
1 Year30 Years
₹
Tip
A lower rate or shorter tenure can reduce the total interest you pay, but a shorter tenure increases the monthly EMI.
YOUR ESTIMATE
For planning onlyMonthly EMI
₹37,280
Your estimated monthly home-loan payment
Principal amount₹50,00,000
Total interest₹39,47,200
Total payment₹89,47,200
44%Interest
Principal56%
Interest44%
Total payment₹89,47,200Principal + interest
Monthly EMI₹37,280Estimated monthly outflow
Interest paid₹39,47,200Across the selected tenure
Loan-to-interest44.1%Share of total repayment
What changes your EMI?
- Loan amount: a larger loan means a larger EMI.
- Interest rate: even a small rate change can materially affect interest.
- Tenure: longer tenure lowers EMI but usually increases total interest.
Smart ways to manage your loan
- Compare rates before choosing a lender.
- Keep an emergency buffer before increasing your EMI.
- Use bonuses or windfalls for part-prepayment when suitable.
GOOD TO KNOW
Home loan planning, made simple
Use this calculator to compare different loan amounts, rates and tenures before you shortlist a property.
Is the EMI fixed for the whole loan?
This estimate assumes the selected interest rate stays unchanged. Actual EMIs can vary for floating-rate loans when the lender changes the rate.
Does a longer tenure always cost more?
Usually, yes. A longer tenure generally reduces the monthly EMI but increases the total interest paid over the life of the loan.
Can I use this for any property?
Yes. Enter the loan amount you expect to borrow. For a more complete budget, also consider stamp duty, registration, taxes, insurance and lender-specific charges.
Disclaimer: This calculator provides an illustrative estimate for planning and comparison. Actual EMI, interest, processing fees, taxes and other charges depend on the lender, loan product and your eligibility.