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Home Loan EMI Calculator

Calculate your home loan EMI, the total interest you will pay, and see a year-by-year repayment schedule.

Quick presets

Home Loan EMI Calculator

₹
% p.a.
Repo is 5.50% (Oct 2026); SBI home loans start ~7.50%, Bank of Baroda ~7.20%.
years
Prepayment plan see what you save
₹ / month
₹ / year
₹ / month
Monthly EMI
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Total interest – · total paid –
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Year-1 tax benefit (old regime)
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EMI / income
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Outstanding balance –
Principal vs interest each year
Monthly amortization schedule
MonthEMIPrincipalInterestBalance

Educational estimate, not financial or tax advice. Returns are never guaranteed. Everything is calculated in your browser.

Runs in your browser — nothing you enter is uploaded or stored.

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About the Home Loan EMI Calculator

An EMI (Equated Monthly Instalment) is the fixed amount you repay each month on a loan, made up of both interest and principal. Early in the tenure most of the EMI goes towards interest; as the outstanding balance falls, more of each payment chips away at the principal — which is exactly what the amortization table shows.

The EMI uses the standard formula EMI = P·r·(1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the loan amount, r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the number of months. The yearly schedule tracks how much principal and interest you pay each year and your falling balance, which helps you plan prepayments.

These numbers are estimates. A real home loan may carry processing fees, insurance, and a floating rate that resets over time, and lenders round differently. Nothing you type leaves your browser.

Examples

₹50,00,000 at 8.5% for 20 years → EMI ≈ ₹43,391; total interest ≈ ₹54.1 lakh.
Shorten the tenure to 15 years → higher EMI but far less total interest.
Compare 8.5% vs 9.5% to see how sensitive the EMI is to the interest rate.

Frequently asked questions

5 answers
Why is so much of my early EMI interest?
Interest is charged on the outstanding balance, which is highest at the start. As you repay principal, the interest portion shrinks and the principal portion grows.
Does the tool include processing fees?
No. It calculates the pure EMI on the loan amount. Lenders may add processing fees, insurance and other charges that increase your effective cost.
How can I reduce total interest?
A shorter tenure, a lower rate, or periodic prepayments all cut total interest. Try a shorter tenure in the tool to see the effect.
What if my loan has a floating rate?
Floating rates change over time, so this fixed-rate estimate is a snapshot. Re-run it whenever your rate resets to see the updated EMI.
Is home loan interest tax-deductible?
Under the old regime, interest on a home loan for a self-occupied property is deductible up to a limit under Section 24(b). Check current rules and your regime.