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Home Loan EMI Calculator
Calculate your monthly EMI instantly. No login required — free tool for every home buyer.
EMI Calculator
₹50.0 L
₹5 L₹5 Cr
20% — ₹10.0 L
5%50%
8.5% p.a.
6%14%
20 years
5 yr30 yr
Monthly EMI
₹34,713
Principal
₹40.0 L
Total Interest
₹43.3 L
Total Amount Payable
₹83.3 L
Home loan tips
- A higher down payment reduces your EMI and total interest paid.
- Compare at least 3 banks before finalising your home loan.
- Check your CIBIL score before applying — 750+ gets the best rates.
- Shorter tenure = higher EMI but significantly less total interest.
How is EMI calculated?
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1], where P = loan amount, R = monthly interest rate, N = total months. This is a standard reducing-balance calculation used by most Indian banks.