Home Loan EMI Calculator
Calculate your monthly home loan payments with our comprehensive EMI calculator. Get instant results for different loan amounts, interest rates, and tenures.
Calculator
Enter your information to calculate results
Payment Breakdown
How It Works
The Home Loan EMI Calculator uses the standard EMI formula to calculate your monthly payment:
EMI = [P × R × (1+R)^N] / [(1+R)^N-1]
Where:
- P = Principal loan amount
- R = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
- N = Number of monthly installments (Years × 12)
This formula helps you understand exactly how much you'll pay each month for your home loan.
Examples
Example 1: Starter Home
Loan Amount: ₹25,00,000
Interest Rate: 8.5% per annum
Tenure: 20 years
Monthly EMI: ₹21,763
Example 2: Premium Home
Loan Amount: ₹50,00,000
Interest Rate: 9.0% per annum
Tenure: 25 years
Monthly EMI: ₹41,956
Compare
| Loan Tenure | Monthly EMI | Total Interest | Total Amount |
|---|---|---|---|
| 15 Years | ₹24,566 | ₹19,21,880 | ₹44,21,880 |
| 20 Years | ₹21,763 | ₹27,23,120 | ₹52,23,120 |
| 25 Years | ₹19,686 | ₹34,05,800 | ₹59,05,800 |
Key Insight: Shorter tenure means higher EMI but significantly lower total interest paid.
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