Home Loan EMI Calculator
Plan a housing loan and see how one-time or yearly prepayments change its cost.
Results are estimates for illustration only and are not financial, tax or investment advice. Disclaimer
Explore a different amount, period or rate alongside your current plan.
Your inputs
Range ₹5L to ₹5Cr
Range 6% to 15%
Range 5 years to 30 years
Exact duration: 240 months. Year values are rounded to the nearest whole month.
Advanced
Monthly EMI: ₹43,391. Interest saved: ₹0.
Results
Monthly EMI
₹43,391
Total repayment
₹1,04,13,879
Loan principal
₹50,00,000
Total interest
₹54,13,879
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Annual repayments and prepayments
EMI repayment schedule
Open a year to see each EMI, extra payment and balance left. Regular instalments exclude the separate prepayment column.
| Year / month | Regular instalments | EMI principal | Interest | Prepayment | Balance left |
|---|---|---|---|---|---|
| ₹5,20,694 | ₹99,511 | ₹4,21,182 | ₹0 | ₹49,00,489 | |
| Month 1 | ₹43,391 | ₹7,974 | ₹35,417 | ₹0 | ₹49,92,026 |
| Month 2 | ₹43,391 | ₹8,031 | ₹35,360 | ₹0 | ₹49,83,995 |
| Month 3 | ₹43,391 | ₹8,088 | ₹35,303 | ₹0 | ₹49,75,907 |
| Month 4 | ₹43,391 | ₹8,145 | ₹35,246 | ₹0 | ₹49,67,762 |
| Month 5 | ₹43,391 | ₹8,203 | ₹35,188 | ₹0 | ₹49,59,559 |
| Month 6 | ₹43,391 | ₹8,261 | ₹35,130 | ₹0 | ₹49,51,298 |
| Month 7 | ₹43,391 | ₹8,319 | ₹35,072 | ₹0 | ₹49,42,978 |
| Month 8 | ₹43,391 | ₹8,378 | ₹35,013 | ₹0 | ₹49,34,600 |
| Month 9 | ₹43,391 | ₹8,438 | ₹34,953 | ₹0 | ₹49,26,162 |
| Month 10 | ₹43,391 | ₹8,498 | ₹34,894 | ₹0 | ₹49,17,665 |
| Month 11 | ₹43,391 | ₹8,558 | ₹34,833 | ₹0 | ₹49,09,107 |
| Month 12 | ₹43,391 | ₹8,618 | ₹34,773 | ₹0 | ₹49,00,489 |
| ₹5,20,694 | ₹1,08,307 | ₹4,12,387 | ₹0 | ₹47,92,181 | |
| ₹5,20,694 | ₹1,17,881 | ₹4,02,813 | ₹0 | ₹46,74,300 | |
| ₹5,20,694 | ₹1,28,300 | ₹3,92,394 | ₹0 | ₹45,46,000 | |
| ₹5,20,694 | ₹1,39,641 | ₹3,81,053 | ₹0 | ₹44,06,359 | |
| ₹5,20,694 | ₹1,51,984 | ₹3,68,710 | ₹0 | ₹42,54,375 | |
| ₹5,20,694 | ₹1,65,418 | ₹3,55,276 | ₹0 | ₹40,88,957 | |
| ₹5,20,694 | ₹1,80,039 | ₹3,40,655 | ₹0 | ₹39,08,918 | |
| ₹5,20,694 | ₹1,95,953 | ₹3,24,741 | ₹0 | ₹37,12,965 | |
| ₹5,20,694 | ₹2,13,274 | ₹3,07,420 | ₹0 | ₹34,99,691 | |
| ₹5,20,694 | ₹2,32,125 | ₹2,88,569 | ₹0 | ₹32,67,566 | |
| ₹5,20,694 | ₹2,52,643 | ₹2,68,051 | ₹0 | ₹30,14,923 | |
| ₹5,20,694 | ₹2,74,974 | ₹2,45,720 | ₹0 | ₹27,39,949 | |
| ₹5,20,694 | ₹2,99,279 | ₹2,21,415 | ₹0 | ₹24,40,670 | |
| ₹5,20,694 | ₹3,25,733 | ₹1,94,961 | ₹0 | ₹21,14,937 | |
| ₹5,20,694 | ₹3,54,525 | ₹1,66,169 | ₹0 | ₹17,60,412 | |
| ₹5,20,694 | ₹3,85,862 | ₹1,34,832 | ₹0 | ₹13,74,550 | |
| ₹5,20,694 | ₹4,19,968 | ₹1,00,726 | ₹0 | ₹9,54,582 | |
| ₹5,20,694 | ₹4,57,090 | ₹63,604 | ₹0 | ₹4,97,492 | |
| ₹5,20,694 | ₹4,97,492 | ₹23,202 | ₹0 | ₹0 | |
| Loan totals | ₹1,04,13,879 | ₹50,00,000 | ₹54,13,879 | ₹0 | ₹0 |
Amounts are rounded to the nearest rupee for display. Year and loan totals use full-precision values, so adding rounded monthly rows may differ slightly. Regular instalments plus prepayments equal total repayment; EMI principal plus prepayments equal the loan amount.
Planning your home loan
Enter the amount you will borrow after your down payment. This estimate assumes full disbursement and a constant rate; construction-stage pre-EMI and future floating-rate resets are not included.
Eligible home-loan interest and principal may qualify for old-regime deductions under the applicable rules. The familiar earlier Section 24(b) and Section 80C provisions are now covered by Section 22 and Section 123 with Schedule XV of the Income-tax Act, 2025. Eligibility, limits and the tax regime matter; tax savings are excluded from these repayments.
How this estimate works
- A reducing-balance loan with a fixed interest rate and monthly repayments is assumed. Monthly interest is the annual rate divided by 12.
- The final instalment adjusts to clear the outstanding balance. Processing fees, insurance, taxes and rate changes are excluded.
- Extra payments are applied after the chosen month’s EMI, with yearly payments after each 12th EMI. Coinciding payments are combined and capped at the remaining balance.
- Reduce tenure keeps the initial EMI. Reduce EMI recalculates it after each extra payment over the original remaining months. Interest and months saved are compared with the same loan without extras.
- The slider ranges and default rate are editable planning assumptions, not live lender quotes or eligibility limits. Use your actual loan offer for a personalised estimate.
Saved calculations
Last 10 per calculator, stored only on this device.
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How the home loan EMI calculator works
A home loan EMI depends on the amount you borrow after your down payment, the interest rate and the tenure. Home loans often run for 15 to 30 years, so a small rate difference or an occasional prepayment changes the total interest a great deal.
Who this helps
For borrowers testing a housing-loan payment or the effect of using a bonus for part-payment.
Formula
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
P is the loan amount, r is the annual interest rate ÷ 12 ÷ 100, and n is the tenure in months.
Worked example
A loan of ₹50 lakh at 8.5% a year for 20 years has an EMI of ₹43,391. Over the full tenure you repay ₹1,04,13,879, of which ₹54,13,879 is interest.
Based on this calculator’s default inputs.
Frequently asked questions
What is the EMI on a ₹50 lakh home loan?
At 8.5% for 20 years, the EMI is about ₹43,391 and the total interest is about ₹54,13,879. Rates differ by lender and borrower, so use your sanctioned rate for a precise figure.
How much can a prepayment save on a home loan?
Extra principal lowers the outstanding balance. Modeled savings depend on payment timing, the interest rate and whether EMI or tenure is reduced. Add a one-time or yearly prepayment under Advanced options to see the interest and months saved; charges are excluded.
Does this calculator use a fixed or floating rate?
It assumes one rate for the whole tenure. Most home loans in India are floating and reset with the lender’s benchmark, so recalculate whenever your rate changes.
Do home loan repayments give tax benefits?
Under the old tax regime, eligible interest and principal repayments may qualify for deductions, subject to limits. These benefits are not included here; use the income tax calculator to compare regimes.
How do I choose a home loan tenure?
A longer tenure lowers the EMI but raises the total interest. Compare a few tenures here and choose an EMI that leaves comfortable room in your monthly budget.
Model and timing
The model holds one reducing-balance annual rate constant, divided by 12. Extra principal is paid after the selected regular EMI; annual extras follow EMI 12, 24 and so on. Enter only the financed amount, not the full property price.
Before using the estimate
Rate resets, staggered disbursements, pre-EMI interest, charges, insurance and tax benefits are excluded. Paying extra lowers outstanding principal; the resulting savings depend on timing, rate and recast mode. This is not a lender quote or an approval check.
Try a useful comparison
For one extra EMI each year, enter its rupee amount as the annual prepayment in Advanced options. It is a fixed amount, not automatically linked to future EMI changes. Compare affordable plans, inspect interest and payoff differences, then save or prepare a report.
Results are estimates for illustration only and are not financial, tax or investment advice.