Loan Calculator
Home Loan EMI Calculator
Calculate your home loan EMI, total interest, and view a full amortization schedule with prepayment analysis.
Monthly EMI
Total Interest
Total Payment
Interest Burden
Principal vs Interest Split
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Rate Change Tracker
See how rate cuts/hikes shift your EMI
Prepayment Simulator
Model lumpsum payments & tenure savings
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SIP Recovery Plan
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Year-by-Year Amortization
| Year | Principal | Interest | Balance |
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Calculations use the standard EMI formula with monthly compounding and a fixed interest rate. Results are indicative and exclude processing fees, GST, and prepayment charges.
What is a Home Loan EMI Calculator?
A home loan EMI calculator is a financial tool that computes your Equated Monthly Instalment — the fixed amount you pay every month to repay a housing loan. By entering the loan amount, interest rate, and tenure, it instantly shows your monthly EMI, total interest payable, and overall cost of the loan over its lifetime.
This calculator uses the standard reducing-balance EMI formula where each payment is split between principal repayment and interest. In the early years, most of your EMI goes toward interest; as the outstanding balance reduces, a larger share goes toward principal. The year-by-year amortization table above shows this shift clearly.
How to Use This Home Loan Calculator
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1
Enter the loan amount
This is the principal amount you plan to borrow — typically 75–90% of the property value after your down payment.
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2
Set the annual interest rate
Check your bank's current home loan rate. Most Indian banks offer rates between 8–9.5% p.a. for salaried borrowers.
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3
Choose the loan tenure
Home loans typically run 15–30 years. A shorter tenure means higher EMIs but significantly lower total interest paid.
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4
Review the amortization breakdown
Scroll through the year-by-year table to see how much principal vs interest you pay each year, and when the loan is fully paid off.
Tips to Reduce Your Home Loan Cost
Make Prepayments
Even one extra EMI per year as a lumpsum prepayment can shave years off your loan and save lakhs in interest. Most banks allow prepayments without penalty on floating-rate loans.
Choose a Shorter Tenure
A 15-year loan instead of 30 years almost halves the total interest paid, even though the EMI is higher. Pick the shortest tenure your budget allows.
Negotiate Your Rate
Banks compete for home loan customers. Compare rates across 3–4 lenders, and use a competitor's offer to negotiate a lower rate with your preferred bank.
Consider a Balance Transfer
If rates drop significantly after you take a loan, transfer the outstanding balance to a bank offering a lower rate. The savings can be substantial on large principals.
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