Home Loan EMI Calculator


Min 15k Max 1 crore

Min 2% Max 30%


Min 12 MonthsMax 600 Months

EMI Calculated

Loan Amount


Rate of Interest



24 months



Total Interest Payable : 100000

Total Amount Payable (Principal + Interest) 2600000

Add Prepayments


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One Time

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Year Principal Pre Payment Interest

Home Loan EMI Calculator

A Home Loan EMI Calculator is an online tool for computing the monthly EMI. Based on a few details about the home loan, the calculator gives an accurate amount of the EMI to be paid. It also provides charts that display the payment schedule and the break-up of the total payment.

Factors affecting the Home Loan EMI

Loan amount –

It is the amount you want to borrow to fulfill all your needs. The Home Loan amount is based on property value. Higher is the loan amount, higher will be the EMI.

Rate of Interest:

The Interest rate is the first thing that every home loan borrower looks for. It is one of the major factors that influence house-buying power or affordability. Lower the home interest rate, lower is the EMI.

Loan Tenure –

Longest loan tenure available across the banks in India for purchasing a house is 35 years subjected to borrower’s current and retirement age.

Understand the process to calculate Home Loan EMI

EMI Calculation Formula EMI= [P x R x (1+R)^N]/[(1+R)^N-1]

In this formula,

EMI - Equated Monthly Instalment P - Principal amount ( the amount borrowed as a loan) R - Applicable rate of interest (interest rate should be monthly) N - Loan tenure or the number of EMIs to be paid (tenure should be in months) Individuals can make use of the above formula to calculate their home loan equated monthly installments either manually or using the MS Excel. However, these EMI calculation techniques can be time-consuming. Hence, it is best to use a Home Loan EMI Calculator.

What are the components of the Home Loan EMI Calculator?

Home Loan EMI:

It is the amount which is a must for every borrower to pay to the lender till the time loan is fully repaid. It is the most important information for a borrower to check his or her affordability.

Payment Breakup:

It is the second component of EMI calculation i.e. break-down of the total amount that borrowers are liable to pay to their lender. It includes details such as principal amount, interest amount and processing fee amount.

Amortization schedule :

It is a systematic tabular display that shows details regarding the periodic payment made for a loan. When you pay an EMI, one portion of it goes towards the principal component and another goes for the interest component of the loan amount. So the role of the amortization schedule is to determine what percentage of EMI goes towards the interest component versus the principal component. All necessary information related to the home loan amount, home loan repayment, period of the scheduled payment, and outstanding balance information is available here. Financial institutions make the amortization schedule by using a complex mathematical calculation. The schedule helps borrowers to make decisions related to prepayment or refinancing of the home loan along with providing the details of interest for availing tax benefits.

How does Home Loan EMI Calculator work?

Home Loan EMI calculator calculates your EMI in 3 easy steps: First, put the value of Home Loan amount you would like to borrow Enter the bank offered Home Loan interest rate Lastly, insert the number of months for what period you a want the home loan and then press “calculate EMI” As a result Home loan calculator tells you the amount of EMI you would have to pay for that interest rate. It also shows the amount of interest you will be paying for that specific loan amount in the given tenure

What are the benefits of using the Home Loan EMI Calculator?

Instant results:

Using a Home loan EMI calculator is the best technique to shorten your tedious and lengthy arithmetic calculations to seconds that too just with the click of the mouse.


The online EMI Calculator has been designed in such a way that anyone can use it without any technical training. All you need to provide simple details about your home loan in the space provided in the online EMI Calculator.

Try for different combinations:

Here you can try for different variations to adjust the sliders in the calculator. You can easily make changes in the interest rate, amount and tenure to get an EMI amount that you find suitable for your home loan. You can do home loan re-calculation as many times as you want.

No charges:

You can use this calculator any number of times as per your wish without paying any charges. This online tool is available 24*7 on our website for the convenience of home loan borrowers.