Free calculator
Home loan EMI calculator
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan, r the monthly rate and n the number of months.
Your details
₹60 L
₹
₹12 L
%
% p.a.
years
Monthly EMI
₹41,656
for 20 years at 8.5%
Total payable₹99.97 L
- Principal₹48 L · 48%
- Interest₹51.97 L · 52%
- Loan amount
- ₹48,00,000
- Total interest
- ₹51,97,324
- Total payable
- ₹99,97,324
Yearly amortisation schedule
| Year | Principal and interest split | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹95.5K | ₹4.04 L | ₹47.04 L | |
| 2 | ₹1.04 L | ₹3.96 L | ₹46 L | |
| 3 | ₹1.13 L | ₹3.87 L | ₹44.87 L | |
| 4 | ₹1.23 L | ₹3.77 L | ₹43.64 L | |
| 5 | ₹1.34 L | ₹3.66 L | ₹42.3 L | |
| 6 | ₹1.46 L | ₹3.54 L | ₹40.84 L | |
| 7 | ₹1.59 L | ₹3.41 L | ₹39.25 L | |
| 8 | ₹1.73 L | ₹3.27 L | ₹37.53 L | |
| 9 | ₹1.88 L | ₹3.12 L | ₹35.64 L | |
| 10 | ₹2.05 L | ₹2.95 L | ₹33.6 L | |
| 11 | ₹2.23 L | ₹2.77 L | ₹31.37 L | |
| 12 | ₹2.43 L | ₹2.57 L | ₹28.94 L | |
| 13 | ₹2.64 L | ₹2.36 L | ₹26.3 L | |
| 14 | ₹2.87 L | ₹2.13 L | ₹23.43 L | |
| 15 | ₹3.13 L | ₹1.87 L | ₹20.3 L | |
| 16 | ₹3.4 L | ₹1.6 L | ₹16.9 L | |
| 17 | ₹3.7 L | ₹1.29 L | ₹13.2 L | |
| 18 | ₹4.03 L | ₹96.7K | ₹9.16 L | |
| 19 | ₹4.39 L | ₹61.1K | ₹4.78 L | |
| 20 | ₹4.78 L | ₹22.3K | ₹0 |
Indicative reducing-balance EMI. Actual EMI depends on your lender, processing fees and rate resets.
Frequently asked questions
How is home loan EMI calculated?
Banks use the reducing-balance method: each month's interest is charged on the outstanding loan, and the rest of the EMI repays principal. Early EMIs are mostly interest; later ones are mostly principal.
How much down payment do I need?
RBI caps home loans at 75–90% of the property value depending on loan size, so plan for at least 10–25% down payment plus stamp duty, registration and interiors.
Does prepaying reduce my EMI?
Part-prepayment on a floating-rate home loan has no penalty for individual borrowers. You can usually choose to reduce the tenure (saves more interest) or the EMI.
