Home Loan EMI Calculator

Enter your loan amount, interest rate and tenure to see your monthly EMI, total interest and total payable — instantly.

Monthly EMI₹43,391
Principal₹50,00,000
Total interest₹54,13,879
Total payable₹1,04,13,879
Read next · Home LoansThat total interest looks scary? Here's how to pay lakhs lessPrepayment, a higher EMI, step-ups and balance transfers — the levers that actually shrink what you pay, with real numbers for Indian borrowers.Read the guide

How the EMI is worked out

Your EMI (Equated Monthly Instalment) is a fixed monthly payment that covers both interest and part of the principal. Early on, more of it goes toward interest; over time, more goes toward the principal. A lower rate or shorter tenure means less total interest — use the sliders above to see the trade-off for your budget.

EMI — FAQs

EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly instalments. This calculator does the maths for you instantly.

Yes — a longer tenure lowers the monthly EMI, but you end up paying more total interest over the life of the loan. A shorter tenure means a higher EMI but less interest overall.

It's an accurate estimate based on a fixed interest rate. Your actual EMI can differ slightly due to processing fees, insurance, or a floating rate that changes over time. Confirm final numbers with your lender.

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