Home loan EMI calculator
Plan your home loan EMI and see how tenure changes the interest cost.
Your loan, year by year
Drag to move through the loan
- Time elapsed
- Paid so far
- Interest so far
- Balance left
Repayment schedule
Tap a year to see its months
| Year | Principal | Interest | 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 |
Make the numbers useful
A longer home loan lowers the monthly instalment but increases the time interest accrues. Adjust one input at a time to see its effect. The chart shows when payments mainly cover interest and when more of each payment goes towards principal.
A starting example
This page starts with ₹50,00,000 at 8.5% a year over 240 months. These are illustrative inputs, not a quoted offer. Change them to match the principal, nominal annual rate and repayment period in your loan documents.
How to use this calculator
Enter the loan details, select reducing or flat interest if appropriate, then inspect the result and repayment schedule. Use the Amount, Tenure and Rate tabs when you need to solve for a different part of the loan. Save a share link to compare scenarios or export the schedule for closer review.
Understand the calculation
For reducing interest, monthly EMI is P × r × (1+r)n ÷ ((1+r)n − 1). P is principal, r is the monthly rate and n is the number of payments. At zero interest, the payment is principal divided by months. Flat interest is charged on the initial amount throughout the term.
Before you decide
Allow for fees, insurance, taxes and changes in a floating rate. The estimate assumes regular monthly payments. Your lender may accrue interest daily or use a different first-payment date. Check the sanction letter and repayment schedule before committing.
Common questions
What does the home loan emi calculator show?
A longer home loan lowers the monthly instalment but increases the time interest accrues.
Are these current lender rates?
No. All starting rates are examples. Enter the rate from your own loan offer.
Does the result include processing fees?
The standard EMI excludes fees, insurance and taxes. Compare those separately; the no-cost tool lets you explore additional offer costs.
How does zero interest work?
With no interest, each payment is the principal divided by the number of months.
Why might my bank’s schedule differ?
Lenders can use daily interest, different payment dates, floating rate resets or different rounding rules.
Is flat interest the same as reducing interest?
No. Flat interest is based on the initial amount for the entire term, while reducing interest follows the outstanding balance.
Can I save the calculation?
Use Share to copy a link containing your inputs, or download the repayment schedule as CSV.
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Beyond the calculation
Understand the decisions behind the numbers.