Home Loan EMI Calculator
Home loan EMI calculator for India: enter the loan amount, interest rate and tenure up to 30 years to see your EMI, total interest, a year-by-year schedule and what prepayments save.
₹30,00,000 (30 lakh)
Monthly EMI
₹26,035
- Principal
- ₹30,00,000
- Total interest
- ₹32,48,210
- Total amount paid
- ₹62,48,210
The EMI is rounded to the nearest rupee and the last instalment is adjusted, so the totals match the schedule. Banks may differ slightly because of processing fees, insurance and the exact date of disbursal.
Repayment schedule
| Year | Principal | Interest | Balance at end |
|---|---|---|---|
| ₹59,711 | ₹2,52,709 | ₹29,40,289 | |
| ₹64,989 | ₹2,47,431 | ₹28,75,301 | |
| ₹70,733 | ₹2,41,687 | ₹28,04,568 | |
| ₹76,985 | ₹2,35,435 | ₹27,27,583 | |
| ₹83,790 | ₹2,28,630 | ₹26,43,793 | |
| ₹91,196 | ₹2,21,224 | ₹25,52,597 | |
| ₹99,257 | ₹2,13,163 | ₹24,53,340 | |
| ₹1,08,030 | ₹2,04,390 | ₹23,45,309 | |
| ₹1,17,579 | ₹1,94,841 | ₹22,27,730 | |
| ₹1,27,972 | ₹1,84,448 | ₹20,99,758 | |
| ₹1,39,284 | ₹1,73,136 | ₹19,60,474 | |
| ₹1,51,595 | ₹1,60,825 | ₹18,08,879 | |
| ₹1,64,995 | ₹1,47,425 | ₹16,43,884 | |
| ₹1,79,579 | ₹1,32,841 | ₹14,64,305 | |
| ₹1,95,452 | ₹1,16,968 | ₹12,68,852 | |
| ₹2,12,728 | ₹99,692 | ₹10,56,124 | |
| ₹2,31,532 | ₹80,888 | ₹8,24,592 | |
| ₹2,51,997 | ₹60,423 | ₹5,72,595 | |
| ₹2,74,271 | ₹38,149 | ₹2,98,324 | |
| ₹2,98,324 | ₹13,906 | ₹0 |
Calculations run in your browser. Nothing you type is sent or stored.
How to use Home Loan EMI Calculator
Enter the home loan amount, the interest rate your lender quoted and the tenure in years or months (or use the sliders).
Read the monthly EMI, total interest and total amount payable. Tick "Add prepayments" to see how extra payments cut interest and tenure.
Open any year in the schedule to see each month, or click "Download schedule (CSV)".
When to use Home Loan EMI Calculator
- Before applying. Check what EMI fits your monthly budget before you choose a home loan amount.
- Comparing offers. Compare the total interest of two lenders, not just the rate.
- Planning prepayments. See how a bonus or a small monthly extra shortens the loan.
How home loan EMIs work in India
Home loans are usually floating-rate, linked to the bank's repo-linked lending rate, so the EMI or tenure changes when the RBI changes the repo rate. Banks often keep the EMI and extend the tenure when rates rise.
Expect a processing fee of up to about 0.5% to 1% of the loan plus GST, legal and valuation charges. Banks lend up to 75% to 90% of the property value depending on the loan size.
Interest paid on a home loan for a self-occupied house can be claimed under Section 24(b) (up to ₹2 lakh a year) and principal under Section 80C in the old tax regime. Check the rules for your tax regime.
EMI formula
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of months. Early EMIs are mostly interest; later ones are mostly principal.
Limits and privacy
- Results are estimates for information only, not financial or tax advice. Confirm with your bank, lender or tax adviser.
- Calculations run in your browser. Nothing you type is sent or stored.
Frequently asked questions
What is the EMI for a home loan of Rs 10 lakh?
At 8.5% interest for 20 years, a ₹10 lakh home loan costs about ₹8,678 a month, with roughly ₹10.8 lakh paid in total interest. Over 15 years the EMI is about ₹9,847 and the interest falls to about ₹7.7 lakh. Use the calculator above with your exact rate and tenure, because a 0.5% difference in rate or a few extra years changes the EMI and the total interest noticeably.
What is a good home loan interest rate?
For salaried borrowers with a CIBIL score above about 750, banks have commonly offered floating home loan rates of roughly 7.5% to 9.5% in 2026; women borrowers sometimes get a small discount. Rates depend on the RBI repo rate, your credit score, income and the lender, so compare the annual percentage rate including fees from several banks and NBFCs. Rates change often; check current offers.
Does prepayment reduce EMI or tenure?
You can usually choose. Most banks reduce the tenure by default and keep the EMI the same, which saves the most interest; this calculator shows that case. Some let you lower the EMI instead. Floating-rate loans to individuals carry no prepayment penalty under RBI rules; fixed-rate loans may charge one, so check your loan agreement.
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