Calculate loan emi.
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Home Loan EMI Calculator
Estimate monthly EMI, total interest and total payment for a home loan.Finance · Loans
Quick answer
For Home Loan EMI: if loan amount is ₹10,00,000, annual interest is 9% and tenure is 120 months, the monthly EMI is ₹12,667.58, the total interest is ₹5,20,109.29 and the total payment is ₹15,20,109.29.
EMI calculation formula: EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1).
Enter your values
0.05 %40 %
%
1 month360 months
months
Monthly EMI
₹12,667.58
The fixed amount you repay every period until the loan is fully cleared — it stays the same even though the interest and principal portions inside it shift over time.
34% is total interest
Monthly EMI
₹12,667.58
Total interest
₹5,20,109.29
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About the Home Loan EMI Calculator
A home loan is usually the biggest and longest borrowing a household takes on, often for 15 to 30 years, so even a small change in the interest rate or tenure moves the total cost by lakhs of rupees. This calculator shows your monthly instalment, the total interest and the total amount you will repay.
Try different tenures side by side: a longer tenure lowers the EMI but increases the interest you pay overall, while a larger down payment reduces the loan amount itself.
EMI calculation formula
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments.
Things to keep in mind
- Compare lenders on the total payment, not only the EMI, and ask about processing fees and prepayment charges.
- Part-prepayments reduce the principal early, which cuts the interest far more than the same amount paid late in the tenure.
- Home loan interest and principal may qualify for income-tax deductions under the old tax regime. Rules change, so check the current position or ask a tax adviser.
See how the result changes
Each table re-runs this calculator with one value changed and everything else left as it is.
Monthly EMI by loan amount
If loan amount goes from ₹10,00,000 to ₹15,00,000, monthly EMI changes from ₹12,667.58 to ₹19,001.37 (+50%).
| Loan amount | Monthly EMI |
|---|---|
| ₹5,00,000 | ₹6,333.79 |
| ₹7,50,000 | ₹9,500.68 |
| ₹10,00,000start | ₹12,667.58 |
| ₹15,00,000 | ₹19,001.37 |
| ₹20,00,000 | ₹25,335.15 |
Monthly EMI by annual interest
If annual interest goes from 9% to 13.5%, monthly EMI changes from ₹12,667.58 to ₹15,227.43 (+20%).
| Annual interest | Monthly EMI |
|---|---|
| 4.5% | ₹10,363.84 |
| 6.75% | ₹11,482.41 |
| 9%start | ₹12,667.58 |
| 13.5% | ₹15,227.43 |
| 18% | ₹18,018.52 |
Monthly EMI by tenure
If tenure goes from 120 months to 180 months, monthly EMI changes from ₹12,667.58 to ₹10,142.67 (−20%).
| Tenure | Monthly EMI |
|---|---|
| 60 months | ₹20,758.36 |
| 90 months | ₹15,319.89 |
| 120 monthsstart | ₹12,667.58 |
| 180 months | ₹10,142.67 |
| 240 months | ₹8,997.26 |
FINANCE GUIDE
A quick guide to Home Loan EMI
Estimate monthly EMI, total interest and total payment for a home loan. Use it to get an accurate monthly EMI in seconds — free, with no sign-up.
Instant results
See your monthly EMI the moment you enter your numbers.
Free, no sign-up
Every calculator here is free to use, with no account required.
Accurate & transparent
The same standard formula runs on our server for every calculation.
How to Use the Home Loan EMI Calculator
1
Enter Loan amount
Provide your loan amount.
2
Enter Annual interest
Provide your annual interest, in %.
3
Enter Tenure
Provide your tenure, in months.
4
View Your Results
Get your monthly EMI instantly, calculated on our server.
What is Home Loan EMI?
Estimate monthly EMI, total interest and total payment for a home loan. This finance tool works out your monthly EMI instantly, so you don't have to do the math by hand.
“One quick calculation, so you always know your monthly EMI before you decide.”
What Affects Your Monthly EMI
Your monthly EMI depends on the values below.
Loan amount
Changing your loan amount changes your monthly EMI.
Annual interest
Changing your annual interest changes your monthly EMI. Typically between 0.01 and 40 %.
Tenure
Changing your tenure changes your monthly EMI.
Example Result
Here's what you can expect from a home loan EMI calculation:
- Loan amount
- 1000000
- Annual interest
- 9 %
- Tenure
- 120 months
- Monthly EMI
- ₹12,667.58
- Total interest
- ₹5,20,109.29
- Total payment
- ₹15,20,109.29
Frequently Asked Questions
- How is a home loan EMI calculated?
- The annual interest rate is converted to a monthly rate and the loan is spread over the tenure so that every instalment is equal. Early EMIs are mostly interest; later ones are mostly principal.
- Does a longer tenure save money?
- It lowers each EMI but raises the total interest, because you owe the principal for longer. Choose the shortest tenure whose EMI you can comfortably afford.
- What is the full form of EMI?
- EMI stands for Equated Monthly Instalment: the fixed amount you pay every month to repay a loan, made up of part principal and part interest.
- How does loan amount affect monthly EMI?
- If loan amount goes from ₹10,00,000 to ₹15,00,000, monthly EMI changes from ₹12,667.58 to ₹19,001.37 (+50%).
- How does annual interest affect monthly EMI?
- If annual interest goes from 9% to 13.5%, monthly EMI changes from ₹12,667.58 to ₹15,227.43 (+20%).
- How to calculate home loan EMI?
- Fill in loan amount, annual interest and tenure in the Home Loan EMI Calculator above and your monthly EMI is calculated instantly. Change any value to see how the result responds.
- What does an example home loan EMI calculation look like?
- For Home Loan EMI: if loan amount is ₹10,00,000, annual interest is 9% and tenure is 120 months, the monthly EMI is ₹12,667.58, the total interest is ₹5,20,109.29 and the total payment is ₹15,20,109.29.
- Is this calculator free to use?
- Yes — every calculator on this site is completely free, with no sign-up or account required.
- How accurate is this calculator?
- It uses the standard formula and calculates on our server for every request, so results are precise for the values you enter.
- Is my data saved anywhere?
- No. Nothing you enter is stored or sent anywhere unless you choose to share a link with your values included.
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