Home Loan EMI Calculator
Calculate your monthly EMI, total interest, and full amortization schedule.
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About this tool
How to use Home Loan EMI Calculator
- 1Enter the loan amount (₹)
- 2Enter the interest rate (% per annum)
- 3Enter the loan tenure in years
- 4View your monthly EMI, total interest, and the full amortization schedule
Frequently Asked Questions
How is home loan EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly installments.
What is a good home loan interest rate in India?
As of 2025-26, home loan rates in India range from 8.35% to 9.5% depending on the bank, your credit score, and loan amount. Compare rates from multiple banks before applying.
Should I choose a longer or shorter tenure?
Longer tenure means lower EMI but higher total interest paid. Shorter tenure means higher EMI but you save significantly on interest. Choose based on your monthly cash flow.
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