home loan EMI calculator
Home Loan EMI Calculator
Estimate your monthly home loan EMI in rupees. Enter a loan amount, annual interest rate and loan tenure to see EMI, total interest payable and total repayment.
India planning tool
This calculator is for planning and illustration only. Actual schedules can vary with lender terms, rate resets, charges, prepayments, moratoriums and rounding.
planning result
Monthly EMI and total repayment
Monthly EMI
₹43,391
- Loan amount
- ₹50,00,000
- Total interest payable
- ₹54,13,879
- Total amount payable
- ₹1,04,13,879
- Number of EMIs
- 240
This calculator is for planning and illustration only. Your actual EMI and loan terms depend on your lender and loan agreement.
Estimate a loan amount from your monthly budgetHome loan EMI estimate is ready.
Home Loan Repayment Schedule
See how each EMI is split between interest paid and principal repaid. Yearly view is shown first for easier mobile scanning.
| Year | EMI Paid | Principal Repaid | Interest Paid | Outstanding Balance |
|---|---|---|---|---|
| 1 | ₹5,20,694 | ₹99,511 | ₹4,21,182 | ₹49,00,489 |
| 2 | ₹5,20,694 | ₹1,08,307 | ₹4,12,387 | ₹47,92,181 |
| 3 | ₹5,20,694 | ₹1,17,881 | ₹4,02,813 | ₹46,74,300 |
| 4 | ₹5,20,694 | ₹1,28,300 | ₹3,92,394 | ₹45,46,000 |
| 5 | ₹5,20,694 | ₹1,39,641 | ₹3,81,053 | ₹44,06,359 |
| 6 | ₹5,20,694 | ₹1,51,984 | ₹3,68,710 | ₹42,54,375 |
| 7 | ₹5,20,694 | ₹1,65,418 | ₹3,55,276 | ₹40,88,957 |
| 8 | ₹5,20,694 | ₹1,80,039 | ₹3,40,655 | ₹39,08,918 |
| 9 | ₹5,20,694 | ₹1,95,953 | ₹3,24,741 | ₹37,12,965 |
| 10 | ₹5,20,694 | ₹2,13,274 | ₹3,07,420 | ₹34,99,691 |
| 11 | ₹5,20,694 | ₹2,32,125 | ₹2,88,569 | ₹32,67,566 |
| 12 | ₹5,20,694 | ₹2,52,643 | ₹2,68,051 | ₹30,14,923 |
| 13 | ₹5,20,694 | ₹2,74,974 | ₹2,45,720 | ₹27,39,949 |
| 14 | ₹5,20,694 | ₹2,99,279 | ₹2,21,415 | ₹24,40,670 |
| 15 | ₹5,20,694 | ₹3,25,733 | ₹1,94,961 | ₹21,14,937 |
| 16 | ₹5,20,694 | ₹3,54,525 | ₹1,66,169 | ₹17,60,412 |
| 17 | ₹5,20,694 | ₹3,85,862 | ₹1,34,832 | ₹13,74,550 |
| 18 | ₹5,20,694 | ₹4,19,968 | ₹1,00,726 | ₹9,54,582 |
| 19 | ₹5,20,694 | ₹4,57,090 | ₹63,604 | ₹4,97,492 |
| 20 | ₹5,20,694 | ₹4,97,492 | ₹23,202 | ₹0 |
Not starting from a loan amount?
Estimate a loan amount from monthly income, existing EMIs and your selected EMI budget assumption.
Want the EMI formula?
See the reducing-balance EMI method with a 50 lakh worked example.
What Is a Home Loan EMI?
EMI means equated monthly instalment. For a reducing-balance home loan, each EMI includes interest on the outstanding balance and repayment of part of the principal.
Increasing the loan amount increases EMI. Increasing the interest rate increases both EMI and total interest payable.
How Is Home Loan EMI Calculated?
This calculator uses the standard reducing-balance EMI formula: EMI equals principal multiplied by the monthly rate and compound factor, divided by the compound factor minus one. If the rate is 0%, EMI is principal divided by tenure in months.
A longer tenure usually lowers the monthly EMI, but it can increase total interest because the loan remains outstanding for more months.
How Interest Rate and Tenure Affect EMI
Interest rate and tenure pull the calculation in different directions. Higher rates increase the monthly cost. Longer tenures spread repayment across more EMIs, often lowering the monthly EMI while increasing total interest payable.
EMI vs Total Interest: Choosing a Tenure
A lower EMI can help monthly cash flow, but it may not mean a cheaper loan overall. Compare the monthly EMI with total interest payable before selecting a tenure.
Looking for U.S. terminology instead? Visit the U.S. mortgage calculator.
Home Loan EMI Calculator FAQs
What is EMI in a home loan?
EMI is the fixed monthly instalment used to repay a home loan over the selected tenure. It includes principal repayment and interest on the outstanding balance.
How is home loan EMI calculated?
The calculator uses loan amount, annual interest rate and tenure in months. The annual rate is converted into a monthly rate for the reducing-balance EMI formula.
What is the EMI for a ₹50 lakh home loan?
EMI varies by rate and tenure. With the default example of ₹50,00,000, 8.50% p.a. and 20 years, the EMI is about ₹43,391. Change the inputs above to compare your own scenario.
Does a longer loan tenure reduce EMI?
Usually yes. A longer tenure spreads repayment across more months, but it can increase total interest payable.
Does this calculator use current bank interest rates?
No. The interest rate is entered by you for comparison. The calculator does not fetch live lender offers or current bank rates.
Can I use this EMI result as a loan offer?
No. This result is only an educational estimate. Actual EMI, charges and terms depend on your lender and loan agreement.
Sources and Methodology
The calculation uses the standard reducing-balance EMI formula with monthly interest rate and tenure in months. It does not retrieve live lender offers, determine approval, or adjust for prepayment, moratoriums, fees, floating-rate resets or lender-specific rounding. Learn about our calculation methodology.