Home Loan EMI Calculator

Monthly EMI for a home loan in India — principal, interest, tenure. Standard EMI formula used by all Indian banks.

Inputs

₹
₹100K₹100M
%
5%20%
130

Result

Monthly EMI
₹43,391
  • Principal₹5,000,000
  • Total interest₹5,413,879
  • Total payment (P + I)₹10,413,879
  • Interest / Principal ratioHow much extra you pay over the principal108%

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How to use this calculator

  • Enter the loan amount (principal) you plan to borrow.
  • Enter the annual interest rate quoted by your bank.
  • Enter tenure in years (typically 15-30 for home loans).
  • Read the monthly EMI + total interest cost.

About this tool

A Home Loan EMI (Equated Monthly Installment) is the fixed monthly amount you pay a bank to repay both principal and interest on a home loan. All Indian banks use the standard reducing-balance formula. This calculator shows the exact EMI, plus your total interest cost over the loan tenure. Use it before signing to compare 15-year vs 20-year vs 30-year offers, or to check the impact of a 25 bps rate change from your bank.

Frequently asked

Equated Monthly Installment. Fixed monthly amount covering both principal and interest, calculated so the loan is fully repaid at the end of tenure.

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