Home Loan EMI Calculator
Adjust the loan amount, interest rate and tenure to instantly see your monthly EMI and the total interest you'll pay over the life of the loan.
Loan details
₹50,00,000
%
8.50% per annum
yrs
20 years (240 months)
Monthly EMI
₹43,391
Total₹1.04Cr
Principal
Interest
- Principal amount
- ₹50,00,000
- Total interest
- ₹54,13,879
- Total payable
- ₹1,04,13,879
Indicative figures based on a reducing-balance EMI. Actual rates, processing fees and charges vary by lender.
How is EMI calculated?
EMI (Equated Monthly Installment) uses the standard reducing-balance formula:
EMI = P × r × (1 + r)n / ((1 + r)n − 1)
- P — principal loan amount
- r — monthly interest rate (annual ÷ 12 ÷ 100)
- n — loan tenure in months