Home Loan EMI Calculator
Calculate your home-loan EMI, total interest and total repayment for any amount, rate and tenure.
Enter values to see the result.
About the Home Loan EMI Calculator
Your Equated Monthly Instalment (EMI) is the fixed amount you repay each month on a home loan, covering both interest and principal on a reducing balance. This calculator instantly shows your EMI, the total interest you'll pay over the loan, and the total amount repaid for any loan amount, interest rate and tenure.
How to use it
- Enter the home-loan amount you plan to borrow.
- Enter the annual interest rate your bank offers.
- Set the tenure in years (and extra months if needed).
- Read your monthly EMI, total interest and total repayment.
Home buyers use this before applying to a bank to check whether the EMI fits their budget and to compare offers from different lenders. Calculations happen in your browser, so your loan details are never uploaded.
Frequently asked questions
How is home-loan EMI calculated?
EMI uses the reducing-balance formula EMI = P×r×(1+r)^n / ((1+r)^n − 1), where P is the principal, r the monthly interest rate and n the number of months. This tool does it for you instantly.
Does a longer tenure reduce my EMI?
Yes, a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan. Try different tenures to see the trade-off.
Are processing fees included?
No. The calculator shows EMI, interest and total repayment. Banks may add processing fees, insurance and other charges separately.
Is my loan information private?
Yes. Everything is computed locally in your browser and nothing is sent to a server.