Home Loan EMI Calculator
Calculate your monthly home loan EMI, total interest and total repayment amount based on your loan amount, interest rate and tenure.
Calculate Your Monthly EMI
Based on the selected loan amount, interest rate and tenure.
Check Common Home Loan EMIs
Select a scenario to quickly load its loan amount, interest rate and tenure into the calculator.
How Home Loan EMI Works
A home loan EMI is the regular payment made by a borrower towards a housing loan. Each EMI generally contains two components: a portion that goes towards the outstanding principal and a portion that represents interest on the loan.
The EMI amount is influenced by three primary inputs: the amount borrowed, the applicable interest rate and the repayment tenure. Changing any of these variables can change the monthly repayment and the total amount paid over the loan period.
A longer repayment tenure can reduce the monthly instalment because the repayment is distributed across more months. However, the borrower may pay more total interest over the complete tenure.
This calculator is designed for financial planning and comparison. Actual loan terms can differ based on the lender, borrower profile, interest-rate structure, applicable charges and the final sanctioned loan terms.
EMI Formula
EMI = P × r × (1 + r)ⁿ÷ ((1 + r)ⁿ − 1)
P = Principal loan amount
r = Monthly interest rate
n = Total number of monthly instalments
Factors That Affect Your Loan Repayment
Loan Amount
A larger principal generally results in a higher monthly repayment.
Interest Rate
The applicable rate directly affects both EMI and total interest.
Loan Tenure
A longer tenure can lower EMI but may increase total interest.
Upfront Costs
Processing fees, taxes and other property costs are separate from EMI.
Home Loan EMI Calculator FAQs
Home loan EMI, or Equated Monthly Instalment, is the fixed periodic payment made towards repaying a housing loan. It consists of both principal and interest components.
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