Skip to content
RentvsBuyIndia

Home Loan EMI Calculator

Work out your monthly instalment and see exactly where every rupee goes — principal, interest, and the year-by-year path to a cleared loan.

Loan details

₹

₹10,000 – ₹100 crore

% p.a.

1% – 30%

years

1 – 50 years

An EMI looks like one number, but inside it the mix shifts every month — early years are mostly interest, and the principal only starts falling fast near the end. Seeing the full schedule shows what the loan really costs and why prepaying early matters most.

How it works

  1. Enter the loan amount, interest rate and tenure.
  2. The standard annuity formula gives your fixed monthly EMI.
  3. The full amortisation schedule breaks down every year into interest, principal and remaining balance.

Before you start

  • Interest rate: even 0.25% matters — over 20 years it can move the total cost by lakhs, so negotiate.
  • Tenure: longer tenures lower the EMI but raise total interest sharply — compare a few before committing.
  • Loan amount: work from the budget the Affordability Calculator gives you, not the maximum a bank offers.

You'll get

  • Your exact monthly EMI
  • The principal vs interest split and total interest cost
  • Your loan balance over time, charted
  • The full amortisation schedule as a CSV

EMI questions, answered

How is home loan EMI calculated?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan amount, r the monthly interest rate and n the number of monthly instalments. Our calculator applies this standard reducing-balance formula and shows the full month-by-month split.
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, often dramatically. Compare the total interest figure across tenures before deciding.
Why does most of my early EMI go to interest?
Interest is charged on the outstanding balance, which is highest at the start. As the balance falls, more of each EMI goes to the principal. The amortisation schedule below shows this shift year by year.
Is this EMI calculator free and private?
Yes. It is free, and every calculation runs in your browser — nothing you enter is sent to or stored on our servers.

Deciding between renting and buying? Start with theRent vs Buy Calculator or readUnderstanding EMI.