HomeLoans & EMI
Home loan EMI calculator
EMI for a home loan, with the interest you pay over 15 to 30 years.
Quick answer
Enter the home loan amount, rate and years. A ₹50,00,000 home loan at 8.5% for 20 years costs about ₹43,391 a month and ₹54.14 lakh in interest.
Read the guide: How EMI is calculated, with a worked example
Monthly EMI
₹43,391
- Total interest
- ₹54,13,879
- Total payment
- ₹1,04,13,879
- Interest share of what you pay
- 52.0%
- Principal
- Interest
Year-by-year table
| 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 it works
A home loan runs for many years, so the interest adds up to a large share of what you repay. Even a small cut in the rate changes the total by lakhs.
The table shows how much principal is left after each year. In the early years the balance falls slowly because most of the EMI goes to interest.
Home loans usually allow part-payments without a penalty on floating rates. Try the loan prepayment calculator to see how much one lump sum saves.
The formula
- EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1)
- P = loan amount, r = interest rate per year ÷ 12 ÷ 100, n = number of monthly instalments
A worked example
A home loan of ₹50,00,000 at 8.5% for 20 years: EMI = ₹43,391. Total paid = ₹1,04,13,879, so interest is ₹54,13,879, more than the amount you borrowed.
Common questions
How much home loan can I get?
Lenders look at your income and existing EMIs. The loan eligibility calculator estimates the largest loan your income can support.
What is a good tenure for a home loan?
A shorter tenure means a higher EMI but far less interest. Pick the shortest tenure whose EMI you can pay comfortably.
Does the EMI change if the repo rate changes?
On a floating-rate loan the lender adjusts the EMI or the tenure when the rate resets. This calculator uses one fixed rate.
Are stamp duty and registration included?
No. They are paid separately and are not part of the loan EMI.