Loans
Home Loan EMI Calculator
Calculate your monthly home loan instalment and total interest payable over the tenure.
About the Home Loan EMI Calculator
An Equated Monthly Instalment (EMI) repays a loan in fixed monthly amounts that cover both interest and principal. Early EMIs are mostly interest; the principal share grows over time. On a 20-year home loan, total interest can approach or exceed the amount borrowed — worth seeing before you sign.
EMI = P × r × (1 + r)n / [(1 + r)n − 1]
where P = loan amount, r = monthly rate (annual / 12), n = months
where P = loan amount, r = monthly rate (annual / 12), n = months
Frequently asked questions
Does a longer tenure reduce my EMI?
Yes, but it increases total interest substantially. Choose the shortest tenure whose EMI you can comfortably afford.
Do prepayments help?
Significantly — floating-rate home loans in India carry no prepayment penalty, and even small annual prepayments can cut years off the loan.