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Home Loan EMI Calculator
Estimate the monthly EMI for a home loan and see how much interest you pay over the full tenure.
Estimate home loan EMI, interest, and total repayment.
Free to run · to save projections to your live dashboard
Enter values and click Calculate to see results
Worked example
Calculated by the same engine as the calculator above.
- Inputs
- Loan Amount
- ₹50,00,000
- Interest Rate (% p.a.)
- 8.5
- Loan Tenure (Years)
- 20
- Result
- Monthly EMI
- ₹43,391
- Total Interest
- ₹54,13,879
- Total Payment
- ₹1,04,13,879
Formula
EMI = P × i × (1 + i)^n / ((1 + i)^n - 1)
- P = loan amount (principal)
- i = annual interest rate / 12 / 100 (monthly rate)
- n = tenure in years × 12 (number of monthly instalments)
- Total payment = EMI × n; total interest = total payment - P
Assumptions
- Uses the standard reducing-balance EMI formula with a fixed interest rate for the whole tenure.
- Interest is charged monthly at the annual rate divided by 12.
- Floating-rate resets, prepayments, processing fees and home insurance are not included.
- Tax benefits on home loan interest and principal are not calculated.
- Educational estimate only, not financial advice. Capitallytics does not execute transactions.
Home Loan EMI Calculator FAQ
Answers about how this calculator works.
Does this home loan calculator handle floating rates?
It assumes the rate you enter stays fixed for the whole tenure. If your rate is floating, rerun the calculation when it changes.
How much does a longer home loan tenure cost?
A longer tenure lowers the EMI but raises total interest, often substantially on a home loan. Compare 15, 20 and 25 years to see the difference.
Are home loan tax benefits included?
No. Tax deductions on interest and principal depend on your regime and are not applied here.
What loan amount should I enter?
Enter the amount you will borrow, which is the property cost minus your down payment. Stamp duty and registration are usually paid separately.
Does prepayment change the result?
Prepayments reduce interest, but this calculator does not model them. It shows the cost if you pay only the scheduled EMIs.