Home Loan EMI Calculator

Work out your monthly EMI, total interest, and total payment on a home loan.

Enter Loan Details

Loan Amount (₹) *

Interest Rate (% per annum) *

Loan Tenure (Years) *

Processing Fee (%, optional)

Enter Loan Amount: Input the total amount you wish to borrow.
Enter Interest Rate: Provide the applicable interest rate offered by your bank.
Select Loan Tenure: Choose the duration of your loan in years.
Click Calculate: Press the "Calculate EMI" button to view your monthly EMI, total interest, and total payment.

Home Loan EMI (Equated Monthly Installment) is the fixed amount you need to pay every month to repay your home loan within the chosen tenure.

EMI is calculated using the formula:

EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1)

where:

Yes, most banks allow you to prepay your home loan, either partially or fully. This can help reduce the overall interest burden.

Your EMI is affected by the loan amount, interest rate, loan tenure, and any changes in interest rates (for floating‑rate loans).