Home Loan EMI Calculator
Plan your home loan with an estimated monthly EMI, total interest, total repayment and a detailed month-by-month repayment schedule.
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Results are estimates assuming a fixed interest rate and regular monthly payments. Actual lender terms may differ.
Repayment Schedule
| Month | Opening Balance | EMI | Principal Paid | Interest Paid | Closing Balance |
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How is Home Loan EMI Calculated?
Home loan EMI is the amount you pay every month towards repaying your loan. Each payment generally includes both principal and interest. At the beginning of a typical loan, the interest portion is larger. As the outstanding balance decreases, more of each payment goes towards principal.
The standard EMI formula is:
EMI = P × r × (1 + r)n ÷ [(1 + r)n − 1]
- P: Principal loan amount.
- r: Monthly interest rate, expressed as a decimal.
- n: Total number of monthly payments.
What affects your home loan EMI?
The loan amount, interest rate and repayment tenure all affect your EMI. A larger loan or higher interest rate generally increases the EMI. A longer tenure usually reduces the monthly EMI but can increase the total interest paid.
This calculator provides estimates for planning purposes. It does not include lender-specific fees, insurance, changing floating rates or other charges.