Free Tool

Home Loan EMI Calculator

Estimate your monthly instalment, total interest and total payout before you apply for a home loan.

Rs. 0
8.5%
20 Years
Monthly EMI Rs. 0
Rs. 0 Principal Amount
Rs. 0 Total Interest
Rs. 0 Total Payment
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How is home loan EMI calculated?

EMI (Equated Monthly Instalment) is calculated using the formula EMI = P × r × (1+r)n / ((1+r)n − 1), where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the loan tenure in months. This calculator gives you an instant estimate -- your bank's final offer may vary based on your credit profile, income and the specific lender's terms.