Home Loan EMI Calculator
This tool is designed to *help homebuyers, real estate investors, and financial planners* understand how much a home loan will cost them every month.
It allows you to:
* Estimate your *monthly EMI* before taking a loanlan with clarity and confidence. Whether you’re budgeting for your dream home, planning a mortgage, or comparing offers, this tool shows you your monthly EMI, total interest, and total repayment instantly — no spreadsheets or manual math needed.
* Compare *different loan offers* from banks or NBFCs
* Decide on the ideal *loan tenure* that fits your budget
* Plan *prepayments* and know their impact on interest saved
* Make confident decisions without needing complex math
How It Works
- Enter Loan Amount (e.g., 100,0000 / ₹25 lakh)
- Set Annual Interest Rate (e.g., 7.5%)
- Choose Loan Tenure (in years or months)
- Click “Calculate”
You’ll instantly get a detailed view of your monthly EMI and overall repayment summary.
EMI Formula Used
We calculate EMI using the standard loan formula:
EMI=P×r×(1+r)n(1+r)n−1\text{EMI} = \frac{P \times r \times (1+r)^n}{(1+r)^n – 1}EMI=(1+r)n−1P×r×(1+r)n
Where:
- P = Loan amount
- r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
- n = Loan tenure in months
This formula is widely accepted across global financial institutions and ensures precise results for long-term mortgages and housing loans.
Loan Payment Summary Table
Here’s an example of how your home loan deduction may look over time:
| Year | Opening Balance | Total EMI Paid | Interest Paid | Principal Repaid | Closing Balance |
| 1 | ₹50,00,000 | ₹6,06,000 | ₹3,87,500 | ₹2,18,500 | ₹47,81,500 |
| 2 | ₹47,81,500 | ₹6,06,000 | ₹3,58,600 | ₹2,47,400 | ₹45,34,100 |
| 3 | ₹45,34,100 | ₹6,06,000 | ₹3,27,500 | ₹2,78,500 | ₹42,55,600 |
| … | … | … | … | … | … |
| 20 | ₹2,30,000 | ₹6,06,000 | ₹10,500 | ₹5,95,500 | ₹0 |
This table is illustrative. Use the calculator to get your own personalized breakdown.
Why Use This Home Loan EMI Calculator?
- Get accurate EMI results within seconds
- Understand how much interest you’ll pay over time
- Compare loan scenarios: 25 lakh, 50 lakh, or even 1 crore loan EMIs
- Easy-to-use interface, no ads, no clutter
- Works on mobile, tablet, or desktop
Related Calculators
Planning other financial goals? Try these:
- Personal Loan EMI Calculator – Calculate EMIs for short-term or unsecured loans
- Car Loan EMI Calculator – Plan your vehicle purchase with accurate EMI estimates
- SIP Calculator – Estimate long-term returns from mutual fund investments
- FD Calculator – Know your fixed deposit maturity value
- Income Tax Calculator – Calculate your yearly tax liability instantly
Use these tools together for smarter budgeting and better financial planning.
Common Scenarios You Can Calculate
- EMI for 25 lakh home loan
- 50 lakh home loan EMI
- EMI for 1 crore home loan over 10 or 20 years
- Home loan interest calculator use cases
- Mortgage interest calculator comparisons
- How to calculate home loan EMI manually
- Monthly EMI for home loan based on different tenures
FAQs
Q: Is this calculator free to use?
Yes, it’s 100% free, with no sign-up or ads.
Q: Can I use this for different currencies?
Absolutely. The tool works globally and supports any loan amount.
Q: Does this account for interest rate changes?
The calculator assumes a fixed rate. For variable rates, you can estimate using average interest.
Q: Is it only for housing loans?
No, you can also use it as a mortgage calculator, loan EMI calculator online, or for any standard installment loan.