Home Loan EMI Calculator
Compute home loan EMI from principal, interest rate, and tenure. See monthly installment, total payment, and interest component, useful before applying to a bank or NBFC.
- Last reviewed:
- What we verified
- Standard reducing-balance EMI formula used by Indian banks.
- Source
- Indian tax and finance tools use slabs and rates from official government publications (e.g. Income Tax Department) and widely accepted financial formulas. Rates are reviewed when regulations change.
- Official references
- Disclaimer
- Results are estimates for planning purposes only. Not financial, legal, tax, or medical advice. Verify with a qualified professional before making decisions.
Country-specific calculator. Amounts stay in India (INR) even if you change the header country.
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Formula & method
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where P = principal, r = monthly rate (annual% ÷ 12 ÷ 100), n = tenure in months.
Examples
- ₹25,00,000 at 8.5% for 20 years → EMI ≈ ₹21,700/month (illustrative)
- Shorter tenure raises EMI but cuts total interest paid
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How to Use
- Enter loan amount (principal sanctioned).
- Enter annual interest rate from your lender offer.
- Enter tenure in years and review EMI plus total interest.
Frequently Asked Questions
Does this include processing fees or insurance?
No. Only principal and interest on the loan amount. Banks may add fees separately.
Guides & worked examples
Start with examples →Home Loan EMI Calculator Examples
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How to Use Home Loan EMI Calculator
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What is Home Loan EMI Calculator?
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Home Loan EMI Calculator: Complete FAQ
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