Home Loan EMI Calculator

What is Home Loan EMI?

Before getting to know about the Home Loan EMI calculator, it’s important to have basic information about what is home loan EMI because if you don’t know the thing that you’re calculating then it will be a total wastage of time to learn about the calculator. EMI, short form for Equated Monthly Installments, is a fixed monthly amount that you pay every month in order to return the borrowed amount from the lender. Since a lot of individuals can not pay the full amount in one go to buy their dream home, they opt for the easy EMI facility which is a flexible repayment option.

Your home loan EMI is basically made up of two parts – principal and interest. The portion of these two parts can differ based on the floating interest rate offered by the lender. You also need to remember that, in case of longer tenure (which is mostly the case in a Home Loan facility), say 15 to 20 years, the interest portion tends to have a higher portion in the EMI amount as compared to the principal amount for the few initial 10 years and after these years, principal amount starts to possess higher proportion than interest.

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EMI Calculator for Home Loan
Loan Amount (₹)
Interest Rate (%)
Tenure (Month)
Loan Amount
Interest Rate
Monthly Instalment (EMI)
Total Interest Amount
Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

Home Loan Calculator

Now you’ve known enough about the EMI amount, it’s time to introduce you with the much-talked-about Home Loan EMI Calculator. This calculator helps you in estimating your EMI amount with the help of a few basic details. Like any other calculator, it thrives on the inputs that you give to it. In the case of a home loan calculator, it only needs three inputs – loan amount, rate of interest, and tenure. As soon as you feed all these details into it, you will get the desired output as the EMI amount. The process of using it is so handy that it can be used by anyone.

You can have a look at the home loan payment for a loan amount of ₹ 35,00,00 at an interest rate of 8.75% per annum for a repayment period of 30 years. You can cross check the values by putting the same values in the calculator above. Keep an eye on how the EMI amount tends to change over a period.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 35,00,0008.75%1₹ 3,05,675₹ 1,68,095₹ 36,68,095
₹ 35,00,0008.75%2₹ 1,59,495₹ 3,27,890₹ 38,27,890
₹ 35,00,0008.75%3₹ 1,10,892₹ 4,92,122₹ 39,92,122
₹ 35,00,0008.75%4₹ 86,683₹ 6,60,773₹ 41,60,773
₹ 35,00,0008.75%5₹ 72,230₹ 8,33,819₹ 43,33,819
₹ 35,00,0008.75%6₹ 62,656₹ 10,11,231₹ 45,11,231
₹ 35,00,0008.75%7₹ 55,869₹ 11,92,973₹ 46,92,973
₹ 35,00,0008.75%8₹ 50,823₹ 13,79,002₹ 48,79,002
₹ 35,00,0008.75%9₹ 46,938₹ 15,69,270₹ 50,69,270
₹ 35,00,0008.75%10₹ 43,864₹ 17,63,724₹ 52,63,724
₹ 35,00,0008.75%11₹ 41,381₹ 19,62,303₹ 54,62,303
₹ 35,00,0008.75%12₹ 39,340₹ 21,64,944₹ 56,64,944
₹ 35,00,0008.75%13₹ 37,638₹ 23,71,578₹ 58,71,578
₹ 35,00,0008.75%14₹ 36,203₹ 25,82,132₹ 60,82,132
₹ 35,00,0008.75%15₹ 34,981₹ 27,96,526₹ 62,96,526
₹ 35,00,0008.75%16₹ 33,931₹ 30,14,682₹ 65,14,682
₹ 35,00,0008.75%17₹ 33,022₹ 32,36,513₹ 67,36,513
₹ 35,00,0008.75%18₹ 32,231₹ 34,61,931₹ 69,61,931
₹ 35,00,0008.75%19₹ 31,539₹ 36,90,848₹ 71,90,848
₹ 35,00,0008.75%20₹ 30,930₹ 39,23,170₹ 74,23,170
₹ 35,00,0008.75%21₹ 30,392₹ 41,58,803₹ 76,58,803
₹ 35,00,0008.75%22₹ 29,915₹ 43,97,650₹ 78,97,650
₹ 35,00,0008.75%23₹ 29,491₹ 46,39,616₹ 81,39,616
₹ 35,00,0008.75%24₹ 29,113₹ 48,84,601₹ 83,84,601
₹ 35,00,0008.75%25₹ 28,775₹ 51,32,508₹ 86,32,508
₹ 35,00,0008.75%26₹ 28,472₹ 53,83,238₹ 88,83,238
₹ 35,00,0008.75%27₹ 28,200₹ 56,36,692₹ 91,36,692
₹ 35,00,0008.75%28₹ 27,955₹ 58,92,773₹ 93,92,773
₹ 35,00,0008.75%29₹ 27,734₹ 61,51,383₹ 96,51,383
₹ 35,00,0008.75%30₹ 27,535₹ 64,12,425₹ 99,12,425

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

YearPrincipalInterestBalance Amount
1₹ 25,157₹ 3,05,257₹ 34,74,842
2₹ 27,448₹ 3,02,965₹ 34,47,393
3₹ 29,949₹ 3,00,465₹ 34,17,444
4₹ 32,677₹ 2,97,737₹ 33,84,766
5₹ 35,654₹ 2,94,760₹ 33,49,112
6₹ 38,902₹ 2,91,512₹ 33,10,209
7₹ 42,446₹ 2,87,968₹ 32,67,763
8₹ 46,312₹ 2,84,101₹ 32,21,450
9₹ 50,531₹ 2,79,882₹ 31,70,918
10₹ 55,135₹ 2,75,279₹ 31,15,783
11₹ 60,157₹ 2,70,256₹ 30,55,626
12₹ 65,637₹ 2,64,776₹ 29,89,988
13₹ 71,617₹ 2,58,797₹ 29,18,371
14₹ 78,141₹ 2,52,273₹ 28,40,229
15₹ 85,259₹ 2,45,155₹ 27,54,970
16₹ 93,026₹ 2,37,388₹ 26,61,944
17₹ 1,01,500₹ 2,28,914₹ 25,60,443
18₹ 1,10,746₹ 2,19,667₹ 24,49,696
19₹ 1,20,835₹ 2,09,579₹ 23,28,861
20₹ 1,31,843₹ 1,98,571₹ 21,97,018
21₹ 1,43,853₹ 1,86,561₹ 20,53,164
22₹ 1,56,957₹ 1,73,456₹ 18,96,206
23₹ 1,71,256₹ 1,59,158₹ 17,24,950
24₹ 1,86,856₹ 1,43,557₹ 15,38,094
25₹ 2,03,878₹ 1,26,536₹ 13,34,215
26₹ 2,22,451₹ 1,07,963₹ 11,11,764
27₹ 2,42,715₹ 87,699₹ 8,69,048
28₹ 2,64,825₹ 65,588₹ 6,04,223
29₹ 2,88,950₹ 41,464₹ 3,15,272
30₹ 3,15,472₹ 15,142₹ 0

What is the Formula that Home Loan EMI Calculator uses?

The Home loan EMI Calculator used the following formula to get you an accurate result about the EMI amount.

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


EMI= Equated Monthly Installments

P= Principal Amount

R= Rate of Interest

N= Number of Monthly Installments

What are those Details that You will Need to Use the Home Loan EMI Calculator?

As we said before that a calculator needs a certain set of inputs to give the desired output. Similarly, the home loan EMI calculator also needs three basic inputs to get the EMI amount. You can have a detailed look at these details mentioned below.

Required Loan Amount: When you decide to opt for a home loan from any lender, you settle on an amount that suits both your repayment capability and also, financial state. You can not choose an amount way beyond your reach, otherwise, it may be difficult for you to repay it every month because EMI consists of a substantial part of your principal. And the higher the loan amount will be, the higher will be the EMI amount and vice- versa. So it’s important to choose the loan amount with the utmost care and only what you need.

Rate of Interest: The second and most important thing that you have to feed in the calculator is the rate of the interest charged on your loan amount. Several lenders charge different rates of interest to different individuals according to the loan type and individual’s profile. You also need to remember that the one thing that can have the biggest impact on your EMI is the rate of interest on your loan amount. So it’s important to compare the interest rates offered by different lenders and opt for only that one which is best for you.

Tenure: If you’re wondering about what this term tenure is, then let me tell you that it indicates the number of months chosen by you to repay the loan amount. A home loan is usually a hefty amount, so generally, individuals opt for a longer tenure in order to repay it. But you should also remember that opting for a longer tenure would cost you more interest amount. So, it’s important that you choose this period according to your repayment capability and financial needs. Some of the lenders even let you take the loan for a period of 30 years.

As soon as you feed all these details into the Home Loan EMI calculator, it will give you the EMI amount as well as the interest amount levied during your loan tenure and total payable amount. The best thing about this EMI calculator is its endless flexibility in nature by which you can check your EMI amount by feeding different values into it till the time you get a satisfactory result which aligns perfectly with your personal requirements.

Why it is Important to have an EMI Calculation before opting for a Home Loan?

With all these talks of EMI calculation going around, you must be thinking of why is there a need of having an EMI calculation before you decide to opt for a home loan? Now, when you must have a fair bit of knowledge about the EMI calculation by the Home loan EMI calculator, you need to know the thought process behind using it.

As you know the home loan is not a cheap sum of amount and your dream home is on the stake, you can not take any chances while preparing for it. And EMI calculation is a significant part of your preparation. This EMI will be a large part of your monthly income that will you have to put aside every month. Without any proper planning and execution regarding the EMI, it may be possible that you fail to prepare for it. This is where Home Loan EMI Calculator comes handy. It gives you a fair chance to have an early estimate about the amount that you will flow off every month towards loan repayment.

With the help of EMI Calculator, when you have an early assessment of the EMI amount, you will be both financially and mentally ready for that part of your monthly income that will go towards EMI payment. When you have a definite amount, you can cut out your unnecessary expenses and instead, make that money useful in paying the EMI.

Also, with the EMI calculator at your disposal, you can compare the EMI amount with different values of interest rate and loan amount provided by different lenders and settle on that amount which is best for your financial goals. This is why Home Calculator holds this great importance before opting for any kind of home loan.

What are the Benefits of Using Home Loan EMI Calculator?

Simplicity and Speed: You don’t need different values filled with complexities to use the Home Loan EMI calculator, in fact there are only three simple details that you need. We have mentioned these details above. Simplicity is the best feature of it and you will get the results in a flash which makes the whole process of EMI calculation smooth and hassle-free. Did we mention the time that you can save by using the calculator? Well, yes, you can because of the speedy part it possess.

Finance Management: When you have a clear assessment of the EMI amount, you will be better prepared to make some changes in your monthly spending so that you can set aside that EMI amount from your monthly income. The EMI calculator helps you in financially empowering you by giving you the authentic results.

Endless Flexibility: You can use the calculator for as many times as you want with different values till the time you got the perfect combination of right EMI and tenure aligning perfectly with your monthly income. This endless flexible feature of EMI calculator makes it a must use before finalizing the loan amount. Remember that choosing a short tenure will fetch the higher EMIs and vice versa.

Amortization Table: The calculator doesn’t only give you the EMI amount but also the amortization table by which you can have an estimate about the principal and interest amount at different points of your loan tenure. With the help of this, you can also cross check with the bank if you want to have an estimation about the payments that you have to make.

Comparison of Home Loan EMIs for Different Loan Amounts

For your convenience, we are providing you a comparison through different loan amounts so that you can have a clear idea about the EMI and total interest outgo with having various tenure also. The interest rate that we have considered here is 8.65% per annum.

Home Loan EMI Details for INR 20 lakhs

Tenure (In Years)Monthly Installments (EMI In ₹)Total Interest Outgo (In ₹ )

Home Loan EMI Details for INR 25 lakhs

Tenure (In Years)Monthly Installments (EMI In ₹)Total Interest Outgo (In ₹ )

Home Loan EMI Details for INR 30 lakhs

Tenure (In Years)Monthly Installments (EMI In ₹)Total Interest Outgo (In ₹ )

Home Loan EMI Details for INR 50 lakhs

Tenure (In Years)Monthly Installments (EMI In ₹)Total Interest Outgo (In ₹ )

Home Loan EMI Details for INR 75 lakhs

Tenure (In Years)Monthly Installments (EMI In ₹)Total Interest Outgo (In ₹ )

Home Loan EMI Details for INR 1 Crore

Tenure (In Years)Monthly Installments (EMI In ₹)Total Interest Outgo (In ₹ )

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