Home Loan EMI Calculator

Plan your home loan repayments with our EMI calculator and amortization schedule.

Accurate EMI calculations
Detailed amortization schedule
Visual repayment breakdown
Home Loan Planning
₹
Enter loan amount (₹1,00,000–₹5,00,00,000).
Principal amount of the home loan.
%
Enter interest rate (5–15%).
Annual interest rate for the loan.
Years
Enter tenure (1–30 years).
Duration of the loan repayment.

Loan Repayment Summary

Monthly EMI
₹0
Total Interest
₹0
Total Payment
₹0
Loan Tenure
0 Years
How Home Loans Work
Borrow Principal

Take a loan for your home purchase.

Pay EMI

Repay through fixed monthly installments.

Reduce Interest

Prepayments lower interest and tenure.

YearOpening Balance (₹)EMI (₹)Interest Paid (₹)Principal Paid (₹)Prepayment (₹)Closing Balance (₹)

What is a Home Loan?

A home loan is a secured loan provided by banks or financial institutions to help you purchase a home, repaid through Equated Monthly Installments (EMIs).

Interest rates typically range from 5–15%, and tenures can extend up to 30 years. Prepayments can reduce interest costs and shorten the loan tenure.

Did You Know?

A ₹50 lakh loan at 8.5% for 20 years has an EMI of ~₹43,391!

Benefits of Home Loans

Deduction up to ₹2 lakh on interest (Section 24) and ₹1.5 lakh on principal (Section 80C).

Fulfill your dream of homeownership with affordable EMIs.

Choose tenures up to 30 years to suit your budget.

Frequently Asked Questions

EMI is calculated using the formula: EMI = P * r * (1 + r)^n / ((1 + r)^n - 1), where P is the loan amount, r is the monthly interest rate, and n is the number of months.

Yes, prepayments reduce the principal, lowering interest costs and potentially shortening the tenure.

Yes, claim up to ₹2 lakh on interest (Section 24) and ₹1.5 lakh on principal (Section 80C).