Home loan EMI calculator
See what a home loan costs each month and over its whole life. Move the sliders or type your own numbers.
₹21,696
- Principal
- ₹25,00,000
- Total interest
- ₹27,06,939
- Total payment
- ₹52,06,939
Year-by-year breakdown
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| 1 | ₹49,756 | ₹2,10,591 | ₹24,50,244 |
| 2 | ₹54,154 | ₹2,06,193 | ₹23,96,091 |
| 3 | ₹58,940 | ₹2,01,407 | ₹23,37,150 |
| 4 | ₹64,150 | ₹1,96,197 | ₹22,73,000 |
| 5 | ₹69,820 | ₹1,90,527 | ₹22,03,180 |
| 6 | ₹75,992 | ₹1,84,355 | ₹21,27,188 |
| 7 | ₹82,709 | ₹1,77,638 | ₹20,44,479 |
| 8 | ₹90,020 | ₹1,70,327 | ₹19,54,459 |
| 9 | ₹97,977 | ₹1,62,370 | ₹18,56,482 |
| 10 | ₹1,06,637 | ₹1,53,710 | ₹17,49,846 |
| 11 | ₹1,16,063 | ₹1,44,284 | ₹16,33,783 |
| 12 | ₹1,26,321 | ₹1,34,026 | ₹15,07,462 |
| 13 | ₹1,37,487 | ₹1,22,860 | ₹13,69,974 |
| 14 | ₹1,49,640 | ₹1,10,707 | ₹12,20,335 |
| 15 | ₹1,62,866 | ₹97,480 | ₹10,57,468 |
| 16 | ₹1,77,262 | ₹83,085 | ₹8,80,206 |
| 17 | ₹1,92,931 | ₹67,416 | ₹6,87,275 |
| 18 | ₹2,09,984 | ₹50,363 | ₹4,77,291 |
| 19 | ₹2,28,545 | ₹31,802 | ₹2,48,746 |
| 20 | ₹2,48,746 | ₹11,601 | ₹0 |
This calculator gives estimates for learning. Real rates, charges and returns vary, and nothing here is advice or a recommendation. Read the disclaimer.
How the EMI is worked out
A home loan is repaid in equal monthly instalments. Each month, interest is charged on what you still owe, and the rest of the EMI reduces the loan. The formula is EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r is the interest rate for one month (the yearly rate divided by 12 and by 100) and n is the number of months.
The result assumes a fixed rate for the whole tenure. If your loan has a floating rate, your EMI or tenure will change when the rate does. Processing fees, insurance and other charges are not included.
Common questions
How is a home loan EMI calculated?
The EMI is the fixed monthly payment that clears the loan, interest included, by the end of the tenure. It depends on the loan amount, the monthly interest rate (the yearly rate divided by 12) and the number of months. The calculator applies the standard reducing-balance formula.
Why is most of my early EMI interest?
Interest is charged on the balance still owed. At the start the balance is highest, so most of each payment goes to interest. As the balance falls, more of each payment goes to the principal. The yearly breakdown below the result shows this.
How can I reduce the total interest on a loan?
A lower rate, a shorter tenure or a smaller loan all reduce the total interest, and so does paying part of the loan early. A shorter tenure raises the EMI, so check that the monthly payment stays comfortable.