Home Loan EMI Calculator
Estimate your home loan EMI, total interest and year-by-year amortisation for any loan amount, rate and tenure — the same reducing-balance method banks use.
Monthly EMI
₹43,391
over 240 months at 8.5% p.a.
Principal amount
₹50,00,000
Total interest
₹54,13,879
Total repayment
₹1,04,13,879
Interest as % of loan
108%
- Principal
- Total Interest
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Tools that naturally follow this calculation.
Principal vs interest over time
Each year, the interest portion of your EMIs falls while the principal portion rises.
- Interest
- Principal
Amortization schedule
| Year | Principal Paid | Interest Paid | Balance |
|---|---|---|---|
| 1 | ₹99,511 | ₹4,21,182 | ₹49,00,489 |
| 2 | ₹1,08,307 | ₹4,12,387 | ₹47,92,181 |
| 3 | ₹1,17,881 | ₹4,02,813 | ₹46,74,300 |
| 4 | ₹1,28,300 | ₹3,92,394 | ₹45,46,000 |
| 5 | ₹1,39,641 | ₹3,81,053 | ₹44,06,359 |
| 6 | ₹1,51,984 | ₹3,68,710 | ₹42,54,375 |
| 7 | ₹1,65,418 | ₹3,55,276 | ₹40,88,957 |
| 8 | ₹1,80,039 | ₹3,40,655 | ₹39,08,918 |
| 9 | ₹1,95,953 | ₹3,24,741 | ₹37,12,965 |
| 10 | ₹2,13,274 | ₹3,07,420 | ₹34,99,691 |
| 11 | ₹2,32,125 | ₹2,88,569 | ₹32,67,566 |
| 12 | ₹2,52,643 | ₹2,68,051 | ₹30,14,923 |
| 13 | ₹2,74,974 | ₹2,45,720 | ₹27,39,949 |
| 14 | ₹2,99,279 | ₹2,21,415 | ₹24,40,670 |
| 15 | ₹3,25,733 | ₹1,94,961 | ₹21,14,937 |
| 16 | ₹3,54,525 | ₹1,66,169 | ₹17,60,412 |
| 17 | ₹3,85,862 | ₹1,34,832 | ₹13,74,550 |
| 18 | ₹4,19,968 | ₹1,00,726 | ₹9,54,582 |
| 19 | ₹4,57,090 | ₹63,604 | ₹4,97,492 |
| 20 | ₹4,97,492 | ₹23,202 | ₹0 |
Example calculation
For a ₹50,00,000 loan at 8.5% over 20 years, the EMI works out to ₹43,391. Over the full term you repay ₹1,04,13,879, of which ₹54,13,879 is interest.
How home loan EMIs work
Home loans are long-tenure, reducing-balance loans. Interest is charged monthly on the outstanding principal, so in the early years most of each EMI is interest and only a small part reduces the loan. Over 20–30 years this makes total interest large relative to the amount borrowed — often comparable to the principal itself.
EMI formula
EMI = P × r × (1 + r)n / [ (1 + r)n − 1 ]
where P is the loan amount, r the monthly rate (annual ÷ 12 ÷ 100) and n the tenure in months.
Floating rates and your EMI
Most Indian home loans are linked to an external benchmark (such as the RBI repo rate) plus a spread. When the benchmark changes, lenders typically adjust either your EMI or your remaining tenure. Use this calculator with a few different rates to see how sensitive your repayment is.
The effect of prepaying
Because interest is charged on the outstanding balance, any extra repayment early in the tenure removes interest for every remaining month. Try the Loan Prepayment calculator to see interest saved and months cut.
Assumptions & Limitations
- •Assumes a constant interest rate for the whole tenure (floating loans will change).
- •Processing fees, insurance, stamp duty and registration costs are not included.
- •Tax benefits on home loan interest/principal are not modelled and depend on current rules.
Frequently asked questions
Methodology last reviewed: 1 June 2026