Home Loan EMI Calculator
Find the EMI on a home loan, the total interest over the tenure and how prepayments shorten it.
- Free
- No sign-up
Enter the loan amount, rate and tenure to see your EMI.
Worked example
With these example inputs:
- Loan amount₹5,000,000
- Interest rate8.5%
- Tenure20 yr
Monthly EMI: ₹43,391
- Total interest₹5,413,879
- Total of payments₹10,413,879
- Payoff time20 yr
Frequently asked questions
How is home loan EMI calculated?
EMI uses the reducing-balance formula on the loan amount, monthly rate and number of months. Early EMIs are mostly interest. Later ones are mostly principal.
Does prepaying a home loan help?
Yes, a prepayment cuts the outstanding principal and usually the tenure, saving a large amount of interest. Enter an extra amount to see the effect.