Home Loan EMI Calculator
Calculate the monthly EMI for a home loan, along with total interest and a year-by-year repayment schedule.
Show solution steps
Compare the best loan offers
Partner offers
Check your loan eligibility
Compare interest rates from top banks & NBFCs instantly.
Compare rates →
Pre-approved personal loans
See offers with no impact on your credit score.
View offers →
We may earn a commission if you sign up through these links, at no extra cost to you.
What is the Home Loan EMI Calculator?
A home loan EMI is the fixed monthly payment on a housing loan. Home loans typically run 15–30 years, so even a small rate difference has a big impact on total interest.
How to Calculate
Uses the standard reducing-balance formula: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), with interest charged only on the outstanding balance.
Formula
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1)
How to Use
- Enter your details in the fields above.
- The result updates instantly as you type.
- Use Copy, Print or Download PDF to save your result.
Frequently Asked Questions
Can I claim tax benefits?
Yes u2014 home loan principal repayment qualifies under Section 80C (up to u20b91.5 lakh) and interest under Section 24(b) (up to u20b92 lakh for a self-occupied home).
Was this calculator helpful?
Thanks for your feedback!