EMI Home Loan Calculator
Calculate your home loan EMI (Equated Monthly Installment) based on loan amount, interest rate, and loan tenure.
Loan Amount
Enter the principal loan amount
₹25,00,000
₹1 Lakh₹1 Crore
Interest Rate
Annual interest rate
8.5%
5%20%
Loan Tenure
Repayment period in years
20 years
1 year30 years
Monthly EMI
₹0
Total Interest
₹0
Total Payment
₹0
Payment Distribution
Yearly Payment Breakdown
How to Use the Home Loan EMI Calculator
Using our EMI calculator is simple and straightforward:
- Enter Loan Amount: Input the principal amount you wish to borrow.
- Select Interest Rate: Enter the annual interest rate offered by your lender.
- Choose Loan Tenure: Select the repayment period in years.
- Get Results: The calculator will instantly show your monthly EMI, total interest payable, and total payment.
Understanding Home Loan EMI Calculation
EMI calculations are based on the following formula:
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Where:
P = Principal loan amount
R = Monthly interest rate (annual rate ÷ 12 ÷ 100)
N = Total number of monthly installments (loan tenure in years × 12)
Factors Affecting Your Home Loan EMI
Loan Amount
A higher loan amount will result in a higher EMI and vice versa.
Interest Rate
Even a small change in interest rate can significantly impact your EMI amount and total interest outgo.
Loan Tenure
A longer tenure will reduce your monthly EMI but increase the total interest paid over the life of the loan.
Tips for Managing Your Home Loan
- Compare interest rates from multiple lenders before finalizing your loan.
- Consider making partial prepayments whenever possible to reduce the overall interest burden.
- Maintain a good credit score to negotiate better interest rates.
- Choose a loan tenure that balances affordable EMIs with reasonable total interest payments.