Allahabad Bank Home Loan EMI Calculator

Loan Amount (₹) ₹

₹ 50k ₹ 5Cr

Rate of Interest (%) %

6.0% 30.0%

Loan Tenure (years) Years

1 years 30 years

Principal Amount

Interest Amount

Monthly EMI

₹ 28,950.65

Principal Amount

₹ 30,00,000

Interest Amount

₹ 39,48,155.84

Tenure (Years)

20 Years

Total Amount

₹ 69,48,155.84

Your Amortization Details (Yearly/Monthly)

2024

Month	Principal Paid	Interest Charged	Total Payment	Balance
Aug	₹3,950.65	₹25,000.00	₹28,950.65	₹29,96,049.35
Sept	₹3,983.57	₹24,967.08	₹28,950.65	₹29,92,065.78
Oct	₹4,016.77	₹24,933.88	₹28,950.65	₹29,88,049.01
Nov	₹4,050.24	₹24,900.41	₹28,950.65	₹29,83,998.77
Dec	₹4,083.99	₹24,866.66	₹28,950.65	₹29,79,914.78

2025

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹4,118.03	₹24,832.62	₹28,950.65	₹29,75,796.75
Feb	₹4,152.34	₹24,798.31	₹28,950.65	₹29,71,644.41
Mar	₹4,186.95	₹24,763.70	₹28,950.65	₹29,67,457.46
Apr	₹4,221.84	₹24,728.81	₹28,950.65	₹29,63,235.63
May	₹4,257.02	₹24,693.63	₹28,950.65	₹29,58,978.61
Jun	₹4,292.49	₹24,658.16	₹28,950.65	₹29,54,686.11
Jul	₹4,328.27	₹24,622.38	₹28,950.65	₹29,50,357.85
Aug	₹4,364.33	₹24,586.32	₹28,950.65	₹29,45,993.51
Sept	₹4,400.70	₹24,549.95	₹28,950.65	₹29,41,592.81
Oct	₹4,437.38	₹24,513.27	₹28,950.65	₹29,37,155.43
Nov	₹4,474.35	₹24,476.30	₹28,950.65	₹29,32,681.08
Dec	₹4,511.64	₹24,439.01	₹28,950.65	₹29,28,169.44

2026

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹4,549.24	₹24,401.41	₹28,950.65	₹29,23,620.20
Feb	₹4,587.15	₹24,363.50	₹28,950.65	₹29,19,033.05
Mar	₹4,625.37	₹24,325.28	₹28,950.65	₹29,14,407.68
Apr	₹4,663.92	₹24,286.73	₹28,950.65	₹29,09,743.76
May	₹4,702.78	₹24,247.86	₹28,950.65	₹29,05,040.98
Jun	₹4,741.97	₹24,208.67	₹28,950.65	₹29,00,299.00
Jul	₹4,781.49	₹24,169.16	₹28,950.65	₹28,95,517.51
Aug	₹4,821.34	₹24,129.31	₹28,950.65	₹28,90,696.17
Sept	₹4,861.51	₹24,089.13	₹28,950.65	₹28,85,834.66
Oct	₹4,902.03	₹24,048.62	₹28,950.65	₹28,80,932.63
Nov	₹4,942.88	₹24,007.77	₹28,950.65	₹28,75,989.76
Dec	₹4,984.07	₹23,966.58	₹28,950.65	₹28,71,005.69

2027

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹5,025.60	₹23,925.05	₹28,950.65	₹28,65,980.08
Feb	₹5,067.48	₹23,883.17	₹28,950.65	₹28,60,912.60
Mar	₹5,109.71	₹23,840.94	₹28,950.65	₹28,55,802.89
Apr	₹5,152.29	₹23,798.36	₹28,950.65	₹28,50,650.60
May	₹5,195.23	₹23,755.42	₹28,950.65	₹28,45,455.37
Jun	₹5,238.52	₹23,712.13	₹28,950.65	₹28,40,216.85
Jul	₹5,282.18	₹23,668.47	₹28,950.65	₹28,34,934.68
Aug	₹5,326.19	₹23,624.46	₹28,950.65	₹28,29,608.48
Sept	₹5,370.58	₹23,580.07	₹28,950.65	₹28,24,237.90
Oct	₹5,415.33	₹23,535.32	₹28,950.65	₹28,18,822.57
Nov	₹5,460.46	₹23,490.19	₹28,950.65	₹28,13,362.11
Dec	₹5,505.97	₹23,444.68	₹28,950.65	₹28,07,856.14

2028

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹5,551.85	₹23,398.80	₹28,950.65	₹28,02,304.30
Feb	₹5,598.11	₹23,352.54	₹28,950.65	₹27,96,706.18
Mar	₹5,644.76	₹23,305.88	₹28,950.65	₹27,91,061.42
Apr	₹5,691.80	₹23,258.85	₹28,950.65	₹27,85,369.61
May	₹5,739.24	₹23,211.41	₹28,950.65	₹27,79,630.38
Jun	₹5,787.06	₹23,163.59	₹28,950.65	₹27,73,843.31
Jul	₹5,835.29	₹23,115.36	₹28,950.65	₹27,68,008.03
Aug	₹5,883.92	₹23,066.73	₹28,950.65	₹27,62,124.11
Sept	₹5,932.95	₹23,017.70	₹28,950.65	₹27,56,191.16
Oct	₹5,982.39	₹22,968.26	₹28,950.65	₹27,50,208.77
Nov	₹6,032.24	₹22,918.41	₹28,950.65	₹27,44,176.53
Dec	₹6,082.51	₹22,868.14	₹28,950.65	₹27,38,094.02

2029

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹6,133.20	₹22,817.45	₹28,950.65	₹27,31,960.82
Feb	₹6,184.31	₹22,766.34	₹28,950.65	₹27,25,776.51
Mar	₹6,235.85	₹22,714.80	₹28,950.65	₹27,19,540.66
Apr	₹6,287.81	₹22,662.84	₹28,950.65	₹27,13,252.85
May	₹6,340.21	₹22,610.44	₹28,950.65	₹27,06,912.64
Jun	₹6,393.04	₹22,557.61	₹28,950.65	₹27,00,519.60
Jul	₹6,446.32	₹22,504.33	₹28,950.65	₹26,94,073.28
Aug	₹6,500.04	₹22,450.61	₹28,950.65	₹26,87,573.24
Sept	₹6,554.21	₹22,396.44	₹28,950.65	₹26,81,019.04
Oct	₹6,608.82	₹22,341.83	₹28,950.65	₹26,74,410.21
Nov	₹6,663.90	₹22,286.75	₹28,950.65	₹26,67,746.32
Dec	₹6,719.43	₹22,231.22	₹28,950.65	₹26,61,026.88

2030

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹6,775.43	₹22,175.22	₹28,950.65	₹26,54,251.46
Feb	₹6,831.89	₹22,118.76	₹28,950.65	₹26,47,419.57
Mar	₹6,888.82	₹22,061.83	₹28,950.65	₹26,40,530.75
Apr	₹6,946.23	₹22,004.42	₹28,950.65	₹26,33,584.53
May	₹7,004.11	₹21,946.54	₹28,950.65	₹26,26,580.41
Jun	₹7,062.48	₹21,888.17	₹28,950.65	₹26,19,517.94
Jul	₹7,121.33	₹21,829.32	₹28,950.65	₹26,12,396.60
Aug	₹7,180.68	₹21,769.97	₹28,950.65	₹26,05,215.92
Sept	₹7,240.52	₹21,710.13	₹28,950.65	₹25,97,975.41
Oct	₹7,300.85	₹21,649.80	₹28,950.65	₹25,90,674.55
Nov	₹7,361.69	₹21,588.95	₹28,950.65	₹25,83,312.86
Dec	₹7,423.04	₹21,527.61	₹28,950.65	₹25,75,889.82

2031

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹7,484.90	₹21,465.75	₹28,950.65	₹25,68,404.92
Feb	₹7,547.28	₹21,403.37	₹28,950.65	₹25,60,857.64
Mar	₹7,610.17	₹21,340.48	₹28,950.65	₹25,53,247.47
Apr	₹7,673.59	₹21,277.06	₹28,950.65	₹25,45,573.88
May	₹7,737.53	₹21,213.12	₹28,950.65	₹25,37,836.35
Jun	₹7,802.01	₹21,148.64	₹28,950.65	₹25,30,034.34
Jul	₹7,867.03	₹21,083.62	₹28,950.65	₹25,22,167.31
Aug	₹7,932.59	₹21,018.06	₹28,950.65	₹25,14,234.72
Sept	₹7,998.69	₹20,951.96	₹28,950.65	₹25,06,236.03
Oct	₹8,065.35	₹20,885.30	₹28,950.65	₹24,98,170.68
Nov	₹8,132.56	₹20,818.09	₹28,950.65	₹24,90,038.12
Dec	₹8,200.33	₹20,750.32	₹28,950.65	₹24,81,837.79

2032

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹8,268.67	₹20,681.98	₹28,950.65	₹24,73,569.12
Feb	₹8,337.57	₹20,613.08	₹28,950.65	₹24,65,231.54
Mar	₹8,407.05	₹20,543.60	₹28,950.65	₹24,56,824.49
Apr	₹8,477.11	₹20,473.54	₹28,950.65	₹24,48,347.38
May	₹8,547.75	₹20,402.89	₹28,950.65	₹24,39,799.62
Jun	₹8,618.99	₹20,331.66	₹28,950.65	₹24,31,180.64
Jul	₹8,690.81	₹20,259.84	₹28,950.65	₹24,22,489.83
Aug	₹8,763.23	₹20,187.42	₹28,950.65	₹24,13,726.59
Sept	₹8,836.26	₹20,114.39	₹28,950.65	₹24,04,890.33
Oct	₹8,909.90	₹20,040.75	₹28,950.65	₹23,95,980.44
Nov	₹8,984.15	₹19,966.50	₹28,950.65	₹23,86,996.29
Dec	₹9,059.01	₹19,891.64	₹28,950.65	₹23,77,937.28

2033

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹9,134.51	₹19,816.14	₹28,950.65	₹23,68,802.77
Feb	₹9,210.63	₹19,740.02	₹28,950.65	₹23,59,592.15
Mar	₹9,287.38	₹19,663.27	₹28,950.65	₹23,50,304.76
Apr	₹9,364.78	₹19,585.87	₹28,950.65	₹23,40,939.99
May	₹9,442.82	₹19,507.83	₹28,950.65	₹23,31,497.17
Jun	₹9,521.51	₹19,429.14	₹28,950.65	₹23,21,975.66
Jul	₹9,600.85	₹19,349.80	₹28,950.65	₹23,12,374.81
Aug	₹9,680.86	₹19,269.79	₹28,950.65	₹23,02,693.95
Sept	₹9,761.53	₹19,189.12	₹28,950.65	₹22,92,932.42
Oct	₹9,842.88	₹19,107.77	₹28,950.65	₹22,83,089.54
Nov	₹9,924.90	₹19,025.75	₹28,950.65	₹22,73,164.64
Dec	₹10,007.61	₹18,943.04	₹28,950.65	₹22,63,157.03

2034

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹10,091.01	₹18,859.64	₹28,950.65	₹22,53,066.02
Feb	₹10,175.10	₹18,775.55	₹28,950.65	₹22,42,890.92
Mar	₹10,259.89	₹18,690.76	₹28,950.65	₹22,32,631.03
Apr	₹10,345.39	₹18,605.26	₹28,950.65	₹22,22,285.64
May	₹10,431.60	₹18,519.05	₹28,950.65	₹22,11,854.04
Jun	₹10,518.53	₹18,432.12	₹28,950.65	₹22,01,335.50
Jul	₹10,606.19	₹18,344.46	₹28,950.65	₹21,90,729.32
Aug	₹10,694.57	₹18,256.08	₹28,950.65	₹21,80,034.75
Sept	₹10,783.69	₹18,166.96	₹28,950.65	₹21,69,251.05
Oct	₹10,873.56	₹18,077.09	₹28,950.65	₹21,58,377.49
Nov	₹10,964.17	₹17,986.48	₹28,950.65	₹21,47,413.32
Dec	₹11,055.54	₹17,895.11	₹28,950.65	₹21,36,357.79

2035

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹11,147.67	₹17,802.98	₹28,950.65	₹21,25,210.12
Feb	₹11,240.57	₹17,710.08	₹28,950.65	₹21,13,969.55
Mar	₹11,334.24	₹17,616.41	₹28,950.65	₹21,02,635.32
Apr	₹11,428.69	₹17,521.96	₹28,950.65	₹20,91,206.63
May	₹11,523.93	₹17,426.72	₹28,950.65	₹20,79,682.70
Jun	₹11,619.96	₹17,330.69	₹28,950.65	₹20,68,062.74
Jul	₹11,716.79	₹17,233.86	₹28,950.65	₹20,56,345.95
Aug	₹11,814.43	₹17,136.22	₹28,950.65	₹20,44,531.51
Sept	₹11,912.89	₹17,037.76	₹28,950.65	₹20,32,618.63
Oct	₹12,012.16	₹16,938.49	₹28,950.65	₹20,20,606.47
Nov	₹12,112.26	₹16,838.39	₹28,950.65	₹20,08,494.20
Dec	₹12,213.20	₹16,737.45	₹28,950.65	₹19,96,281.01

2036

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹12,314.97	₹16,635.68	₹28,950.65	₹19,83,966.03
Feb	₹12,417.60	₹16,533.05	₹28,950.65	₹19,71,548.43
Mar	₹12,521.08	₹16,429.57	₹28,950.65	₹19,59,027.35
Apr	₹12,625.42	₹16,325.23	₹28,950.65	₹19,46,401.93
May	₹12,730.63	₹16,220.02	₹28,950.65	₹19,33,671.30
Jun	₹12,836.72	₹16,113.93	₹28,950.65	₹19,20,834.58
Jul	₹12,943.69	₹16,006.95	₹28,950.65	₹19,07,890.88
Aug	₹13,051.56	₹15,899.09	₹28,950.65	₹18,94,839.33
Sept	₹13,160.32	₹15,790.33	₹28,950.65	₹18,81,679.00
Oct	₹13,269.99	₹15,680.66	₹28,950.65	₹18,68,409.01
Nov	₹13,380.57	₹15,570.08	₹28,950.65	₹18,55,028.44
Dec	₹13,492.08	₹15,458.57	₹28,950.65	₹18,41,536.36

2037

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹13,604.51	₹15,346.14	₹28,950.65	₹18,27,931.85
Feb	₹13,717.88	₹15,232.77	₹28,950.65	₹18,14,213.96
Mar	₹13,832.20	₹15,118.45	₹28,950.65	₹18,00,381.76
Apr	₹13,947.47	₹15,003.18	₹28,950.65	₹17,86,434.29
May	₹14,063.70	₹14,886.95	₹28,950.65	₹17,72,370.60
Jun	₹14,180.89	₹14,769.75	₹28,950.65	₹17,58,189.70
Jul	₹14,299.07	₹14,651.58	₹28,950.65	₹17,43,890.63
Aug	₹14,418.23	₹14,532.42	₹28,950.65	₹17,29,472.41
Sept	₹14,538.38	₹14,412.27	₹28,950.65	₹17,14,934.03
Oct	₹14,659.53	₹14,291.12	₹28,950.65	₹17,00,274.50
Nov	₹14,781.70	₹14,168.95	₹28,950.65	₹16,85,492.80
Dec	₹14,904.88	₹14,045.77	₹28,950.65	₹16,70,587.92

2038

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹15,029.08	₹13,921.57	₹28,950.65	₹16,55,558.84
Feb	₹15,154.33	₹13,796.32	₹28,950.65	₹16,40,404.52
Mar	₹15,280.61	₹13,670.04	₹28,950.65	₹16,25,123.90
Apr	₹15,407.95	₹13,542.70	₹28,950.65	₹16,09,715.95
May	₹15,536.35	₹13,414.30	₹28,950.65	₹15,94,179.60
Jun	₹15,665.82	₹13,284.83	₹28,950.65	₹15,78,513.78
Jul	₹15,796.37	₹13,154.28	₹28,950.65	₹15,62,717.42
Aug	₹15,928.00	₹13,022.65	₹28,950.65	₹15,46,789.41
Sept	₹16,060.74	₹12,889.91	₹28,950.65	₹15,30,728.67
Oct	₹16,194.58	₹12,756.07	₹28,950.65	₹15,14,534.10
Nov	₹16,329.53	₹12,621.12	₹28,950.65	₹14,98,204.57
Dec	₹16,465.61	₹12,485.04	₹28,950.65	₹14,81,738.95

2039

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹16,602.82	₹12,347.82	₹28,950.65	₹14,65,136.13
Feb	₹16,741.18	₹12,209.47	₹28,950.65	₹14,48,394.95
Mar	₹16,880.69	₹12,069.96	₹28,950.65	₹14,31,514.26
Apr	₹17,021.36	₹11,929.29	₹28,950.65	₹14,14,492.89
May	₹17,163.21	₹11,787.44	₹28,950.65	₹13,97,329.68
Jun	₹17,306.24	₹11,644.41	₹28,950.65	₹13,80,023.45
Jul	₹17,450.45	₹11,500.20	₹28,950.65	₹13,62,573.00
Aug	₹17,595.87	₹11,354.77	₹28,950.65	₹13,44,977.12
Sept	₹17,742.51	₹11,208.14	₹28,950.65	₹13,27,234.61
Oct	₹17,890.36	₹11,060.29	₹28,950.65	₹13,09,344.25
Nov	₹18,039.45	₹10,911.20	₹28,950.65	₹12,91,304.81
Dec	₹18,189.78	₹10,760.87	₹28,950.65	₹12,73,115.03

2040

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹18,341.36	₹10,609.29	₹28,950.65	₹12,54,773.67
Feb	₹18,494.20	₹10,456.45	₹28,950.65	₹12,36,279.47
Mar	₹18,648.32	₹10,302.33	₹28,950.65	₹12,17,631.15
Apr	₹18,803.72	₹10,146.93	₹28,950.65	₹11,98,827.43
May	₹18,960.42	₹9,990.23	₹28,950.65	₹11,79,867.01
Jun	₹19,118.42	₹9,832.23	₹28,950.65	₹11,60,748.58
Jul	₹19,277.74	₹9,672.90	₹28,950.65	₹11,41,470.84
Aug	₹19,438.39	₹9,512.26	₹28,950.65	₹11,22,032.45
Sept	₹19,600.38	₹9,350.27	₹28,950.65	₹11,02,432.07
Oct	₹19,763.72	₹9,186.93	₹28,950.65	₹10,82,668.35
Nov	₹19,928.41	₹9,022.24	₹28,950.65	₹10,62,739.94
Dec	₹20,094.48	₹8,856.17	₹28,950.65	₹10,42,645.45

2041

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹20,261.94	₹8,688.71	₹28,950.65	₹10,22,383.52
Feb	₹20,430.79	₹8,519.86	₹28,950.65	₹10,01,952.73
Mar	₹20,601.04	₹8,349.61	₹28,950.65	₹9,81,351.69
Apr	₹20,772.72	₹8,177.93	₹28,950.65	₹9,60,578.97
May	₹20,945.82	₹8,004.82	₹28,950.65	₹9,39,633.14
Jun	₹21,120.37	₹7,830.28	₹28,950.65	₹9,18,512.77
Jul	₹21,296.38	₹7,654.27	₹28,950.65	₹8,97,216.39
Aug	₹21,473.85	₹7,476.80	₹28,950.65	₹8,75,742.55
Sept	₹21,652.79	₹7,297.85	₹28,950.65	₹8,54,089.75
Oct	₹21,833.23	₹7,117.41	₹28,950.65	₹8,32,256.52
Nov	₹22,015.18	₹6,935.47	₹28,950.65	₹8,10,241.34
Dec	₹22,198.64	₹6,752.01	₹28,950.65	₹7,88,042.70

2042

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹22,383.63	₹6,567.02	₹28,950.65	₹7,65,659.08
Feb	₹22,570.16	₹6,380.49	₹28,950.65	₹7,43,088.92
Mar	₹22,758.24	₹6,192.41	₹28,950.65	₹7,20,330.68
Apr	₹22,947.89	₹6,002.76	₹28,950.65	₹6,97,382.78
May	₹23,139.13	₹5,811.52	₹28,950.65	₹6,74,243.66
Jun	₹23,331.95	₹5,618.70	₹28,950.65	₹6,50,911.70
Jul	₹23,526.39	₹5,424.26	₹28,950.65	₹6,27,385.32
Aug	₹23,722.44	₹5,228.21	₹28,950.65	₹6,03,662.88
Sept	₹23,920.13	₹5,030.52	₹28,950.65	₹5,79,742.76
Oct	₹24,119.46	₹4,831.19	₹28,950.65	₹5,55,623.30
Nov	₹24,320.46	₹4,630.19	₹28,950.65	₹5,31,302.84
Dec	₹24,523.13	₹4,427.52	₹28,950.65	₹5,06,779.72

2043

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹24,727.49	₹4,223.16	₹28,950.65	₹4,82,052.23
Feb	₹24,933.55	₹4,017.10	₹28,950.65	₹4,57,118.68
Mar	₹25,141.33	₹3,809.32	₹28,950.65	₹4,31,977.36
Apr	₹25,350.84	₹3,599.81	₹28,950.65	₹4,06,626.52
May	₹25,562.10	₹3,388.55	₹28,950.65	₹3,81,064.42
Jun	₹25,775.11	₹3,175.54	₹28,950.65	₹3,55,289.31
Jul	₹25,989.91	₹2,960.74	₹28,950.65	₹3,29,299.40
Aug	₹26,206.49	₹2,744.16	₹28,950.65	₹3,03,092.92
Sept	₹26,424.88	₹2,525.77	₹28,950.65	₹2,76,668.04
Oct	₹26,645.08	₹2,305.57	₹28,950.65	₹2,50,022.96
Nov	₹26,867.12	₹2,083.52	₹28,950.65	₹2,23,155.84
Dec	₹27,091.02	₹1,859.63	₹28,950.65	₹1,96,064.82

2044

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹27,316.78	₹1,633.87	₹28,950.65	₹1,68,748.04
Feb	₹27,544.42	₹1,406.23	₹28,950.65	₹1,41,203.63
Mar	₹27,773.95	₹1,176.70	₹28,950.65	₹1,13,429.67
Apr	₹28,005.40	₹945.25	₹28,950.65	₹85,424.27
May	₹28,238.78	₹711.87	₹28,950.65	₹57,185.49
Jun	₹28,474.10	₹476.55	₹28,950.65	₹28,711.39
Jul	₹28,711.39	₹239.26	₹28,950.65	₹0.00

NOTE: As of 1st April 2020, Allahabad Bank has been merged with Indian Bank and no longer operates independently.

Wanna know what would be your EMI, if you are going to avail Allahabad Bank Home Loan? If yes, all you need to know about Allahabad Bank Home Loan EMI Calculator. Yes, this magical tool with its smartest algorithms allows you to know the exact calculations of you monthly installments, interest outgo and total amount payable in a hassle-free manner. The device takes into consideration:

Loan Amount
Tenure
Interest Rate

After feeding these values, the device starts calculating the monthly installments and gives you the results in a hassle-free manner. Just put the values straight into the tool and it will give you the results in the best way.

Allahabad Bank Home Loan EMI Calculator

For better understanding of the same, simply need to read the page below.

Suppose, Rakhi Aggarwal, a 32-year-old, Interior Designer by profession is looking for a home loan of INR 20 Lakh to buy a beautiful home in New Delhi. The bank has agreed to offer her the loan at an interest rate of 8.30% for a tenure of 20 years. But availing the loan, Rakhi wants to know the exact amount of monthly installments she needs to pay each month in order to repay her loan. So, without much ado, let’s find out the EMI and Interest calculations in Rakhi’s case.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan Amount	Interest Rate	Tenure	Monthly Instalment	Total Interest Amount	Total Amount
₹ 20,00,000	8.30%	1	₹ 1,74,254	₹ 91,053	₹ 20,91,053
₹ 20,00,000	8.30%	2	₹ 90,728	₹ 1,77,483	₹ 21,77,483
₹ 20,00,000	8.30%	3	₹ 62,950	₹ 2,66,196	₹ 22,66,196
₹ 20,00,000	8.30%	4	₹ 49,108	₹ 3,57,183	₹ 23,57,183
₹ 20,00,000	8.30%	5	₹ 40,841	₹ 4,50,433	₹ 24,50,433
₹ 20,00,000	8.30%	6	₹ 35,360	₹ 5,45,932	₹ 25,45,932
₹ 20,00,000	8.30%	7	₹ 31,472	₹ 6,43,664	₹ 26,43,664
₹ 20,00,000	8.30%	8	₹ 28,579	₹ 7,43,610	₹ 27,43,610
₹ 20,00,000	8.30%	9	₹ 26,349	₹ 8,45,745	₹ 28,45,745
₹ 20,00,000	8.30%	10	₹ 24,584	₹ 9,50,046	₹ 29,50,046
₹ 20,00,000	8.30%	11	₹ 23,155	₹ 10,56,485	₹ 30,56,485
₹ 20,00,000	8.30%	12	₹ 21,979	₹ 11,65,032	₹ 31,65,032
₹ 20,00,000	8.30%	13	₹ 20,998	₹ 12,75,654	₹ 32,75,654
₹ 20,00,000	8.30%	14	₹ 20,169	₹ 13,88,317	₹ 33,88,317
₹ 20,00,000	8.30%	15	₹ 19,461	₹ 15,02,985	₹ 35,02,985
₹ 20,00,000	8.30%	16	₹ 18,852	₹ 16,19,619	₹ 36,19,619
₹ 20,00,000	8.30%	17	₹ 18,324	₹ 17,38,178	₹ 37,38,178
₹ 20,00,000	8.30%	18	₹ 17,864	₹ 18,58,623	₹ 38,58,623
₹ 20,00,000	8.30%	19	₹ 17,460	₹ 19,80,909	₹ 39,80,909
₹ 20,00,000	8.30%	20	₹ 17,104	₹ 21,04,992	₹ 41,04,992

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

Year	Principal	Interest	Balance Amount
1	₹ 40,777	₹ 1,64,472	₹ 19,59,222
2	₹ 44,294	₹ 1,60,956	₹ 19,14,928
3	₹ 48,113	₹ 1,57,136	₹ 18,66,814
4	₹ 52,262	₹ 1,52,987	₹ 18,14,552
5	₹ 56,769	₹ 1,48,480	₹ 17,57,783
6	₹ 61,664	₹ 1,43,585	₹ 16,96,118
7	₹ 66,981	₹ 1,38,268	₹ 16,29,136
8	₹ 72,757	₹ 1,32,492	₹ 15,56,379
9	₹ 79,031	₹ 1,26,218	₹ 14,77,347
10	₹ 85,846	₹ 1,19,403	₹ 13,91,500
11	₹ 93,249	₹ 1,12,000	₹ 12,98,251
12	₹ 1,01,290	₹ 1,03,959	₹ 11,96,960
13	₹ 1,10,024	₹ 95,225	₹ 10,86,936
14	₹ 1,19,512	₹ 85,737	₹ 9,67,423
15	₹ 1,29,818	₹ 75,431	₹ 8,37,605
16	₹ 1,41,012	₹ 64,237	₹ 6,96,592
17	₹ 1,53,172	₹ 52,077	₹ 5,43,420
18	₹ 1,66,380	₹ 38,869	₹ 3,77,039
19	₹ 1,80,727	₹ 24,522	₹ 1,96,312
20	₹ 1,96,429	₹ 8937	₹ 0

Allahabad Bank Home Loan EMI Calculation Formula

In order to calculate an EMI, the calculator uses the below formula:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

where,

EMI = Equated Monthly Installment

P = Principal Loan Amount

R = Monthly Interest Rate

N = Number of Monthly Installments

Allahabad Bank Home Loan EMI Calculator

₹ 28,950.65

₹ 30,00,000

₹ 39,48,155.84

20 Years

₹ 69,48,155.84

Your Amortization Details (Yearly/Monthly)

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2044

Allahabad Bank Home Loan EMI Calculator

Allahabad Bank Home Loan EMI Calculation Formula

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