Home Loan EMI Calculator
Know exactly what your monthly instalment will be, before you commit to a home loan.
EMI Calculator
Calculate your monthly home loan EMI for any amount, interest rate and tenure, instantly and free.
over 240 months (20 years)
* Estimates only. Actual EMI depends on the lender's terms, processing fees and your credit profile.
What is an EMI?
EMI, or Equated Monthly Instalment, is the fixed amount you pay your lender every month until your home loan is fully repaid. It includes both the interest and a portion of the principal. The EMI is calculated on a reducing-balance basis, so as you repay, the interest portion falls and the principal portion rises.
Formula Used by Our EMI Calculator
Where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the loan tenure in months.
How to Use the EMI Calculator
- Loan Amount: The principal you plan to borrow. Keep it within your eligibility.
- Interest Rate: Enter the rate your bank is offering, typically 8% to 9.5% in 2026.
- Tenure: Longer tenures lower the EMI but increase total interest. Choose what suits your budget.
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