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Home Loan EMI Calculator
Calculate your home loan monthly EMI, total interest payable and a year-wise repayment schedule. Move the sliders to instantly see how loan amount, interest rate and tenure change your EMI.
Monthly EMI
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Total Interest
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Total Payment
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Outstanding balance over time
View year-wise amortization schedule
| Year | Principal Paid | Interest Paid | Balance |
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Frequently Asked Questions
How is home loan EMI calculated?
EMI = P × r × (1+r)n / ((1+r)n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the total number of monthly instalments.
Does a longer tenure reduce my EMI?
Yes. A longer tenure lowers your monthly EMI but increases the total interest paid over the life of the loan.
Can I reduce my interest with prepayment?
Yes. Use our Loan Prepayment Calculator to see how much interest and time you can save.