Home Loan EMI Calculator

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Work out the monthly EMI, total interest and repayment schedule of a home loan, and see what prepaying saves.

Quick fill

Sets a typical amount and tenure. Keep the rate your lender quotes.

Loan amount

₹50 lakh

Interest rate

Tenure

Up to 40 years (480 months).

Prepay every monthPay a fixed extra amount with each EMI to finish sooner.

Monthly EMI₹43,391For 20 years at 8.5% a year.

Principal48%₹50,00,000
Interest52%₹54,13,879
Total payable₹1,04,13,879

Year	Paid	Principal	Interest	Balance
1	₹5,20,694	₹99,511	₹4,21,182	₹49,00,489
2	₹5,20,694	₹1,08,307	₹4,12,387	₹47,92,181
3	₹5,20,694	₹1,17,881	₹4,02,813	₹46,74,300
4	₹5,20,694	₹1,28,300	₹3,92,394	₹45,46,000
5	₹5,20,694	₹1,39,641	₹3,81,053	₹44,06,359
6	₹5,20,694	₹1,51,984	₹3,68,710	₹42,54,375
7	₹5,20,694	₹1,65,418	₹3,55,276	₹40,88,957
8	₹5,20,694	₹1,80,039	₹3,40,655	₹39,08,918
9	₹5,20,694	₹1,95,953	₹3,24,741	₹37,12,965
10	₹5,20,694	₹2,13,274	₹3,07,420	₹34,99,691
11	₹5,20,694	₹2,32,125	₹2,88,569	₹32,67,566
12	₹5,20,694	₹2,52,643	₹2,68,051	₹30,14,923
13	₹5,20,694	₹2,74,974	₹2,45,720	₹27,39,949
14	₹5,20,694	₹2,99,279	₹2,21,415	₹24,40,670
15	₹5,20,694	₹3,25,733	₹1,94,961	₹21,14,937
16	₹5,20,694	₹3,54,525	₹1,66,169	₹17,60,412
17	₹5,20,694	₹3,85,862	₹1,34,832	₹13,74,550
18	₹5,20,694	₹4,19,968	₹1,00,726	₹9,54,582
19	₹5,20,694	₹4,57,090	₹63,604	₹4,97,492
20	₹5,20,694	₹4,97,492	₹23,202	₹0

How to use, limits & privacy

About Home Loan EMI Calculator

Work out the monthly EMI on a home loan, the total interest and the total you repay, with a year-by-year or month-by-month schedule. It opens with an example of ₹50,00,000 at 8.5% for 20 years, an EMI of ₹43,391, which you replace with your own loan and the rate your lender quotes. Turn on a monthly prepayment to see how many years sooner the loan ends and how much interest you save. It uses monthly reducing balance, the method Indian banks use, and runs in your browser.

How to Use

Enter your loan

Replace the example Loan amount, Interest rate and Tenure with your own, by typing or with the sliders. Use Tenure in to switch between Years and Months.

Read the EMI

Monthly EMI, the split between principal and interest, and Total payable update as you type. Copy summary copies the figures.

Try a prepayment

Turn on Prepay every month and set Extra each month (it starts at ₹5,000). A note shows how much sooner the loan is cleared and the interest saved.

Check the schedule

Open Repayment schedule, choose Yearly or Monthly to see principal, interest and balance, and use Download CSV to open it in Excel or Google Sheets.

Privacy & Processing

Mode: local
Files Leave Browser: Local tool processing; review details below
Max Input Size: Device memory limits
Account Required: No
Data Stored Locally: Nothing is saved; the CSV goes straight to your downloads.
Network Processing: Assets or models may require an initial download

Everything is calculated in your browser. Nothing you enter is uploaded.

Rules & Limitations

EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan, r the monthly rate (annual rate ÷ 12 ÷ 100) and n the number of months. Interest is charged each month on the balance still owed.
The 8.5% rate is only an example, not an offer. Your rate depends on the lender, your credit score and the loan size.
The rate is assumed fixed for the whole tenure. Most home loans in India are floating and linked to an external benchmark such as the RBI repo rate, so your EMI or tenure can change.
Processing fees, GST on fees, insurance, stamp duty, registration and legal or valuation charges are not included.
Prepayment here is a fixed extra amount every month; one-off lump-sum payments are not modelled. Tenure is limited to 40 years.

Top Suggestions

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Home Loan EMI Calculator FAQ

What is the EMI on a ₹50 lakh home loan for 20 years?

At 8.5% a year it is ₹43,391 a month. Over 20 years you pay ₹54,13,879 in interest, more than the loan itself, for a total of ₹1,04,13,879. At 9% the EMI rises to ₹44,986.

How much does prepaying ₹5,000 a month save on a home loan?

On ₹50 lakh at 8.5% for 20 years, paying ₹5,000 extra with every EMI clears the loan 4 years 5 months sooner and saves ₹13,89,250 in interest. Lenders may not charge prepayment fees on floating-rate home loans to individuals, under RBI rules.

What happens to my EMI if the home loan rate changes?

With a floating rate, the bank either changes the EMI or, more often, extends the tenure. To recalculate, enter the outstanding balance from your loan statement, the new rate and the remaining tenure.

Can I claim tax benefits on my home loan?

Under the old tax regime, interest on a home you live in (up to ₹2 lakh a year) and the principal repaid (within the overall ₹1.5 lakh limit for such deductions) can usually be claimed. The new regime does not allow these for a self-occupied home. Tax rules change, so check the current position.

How does tenure change the total interest on a home loan?

A longer tenure lowers the EMI but raises the interest. For ₹50 lakh at 8.5%, 25 years gives an EMI of ₹40,261, about ₹3,100 less than 20 years, but the interest rises from about ₹54 lakh to about ₹71 lakh.