Home Loan EMI Calculator

₹
Yr
%

Estimated Monthly EMI

₹ 1,957

Principal₹ 100,000
Total Interest₹ 17,397
Total Payable₹ 117,397

EMI Amortization Schedule

Home Loan EMI Calculator

Calculate your monthly home loan EMI easily using our free, accurate, and fast online EMI calculator.

Why Use a Home Loan EMI Calculator?

Buying a home in India often requires financial assistance due to rising property prices. An EMI calculator helps estimate monthly installments (EMIs) and eliminates guesswork from your financial planning.

  • ✅ Accurate EMI values instantly
  • ✅ Saves time vs. manual calculations
  • ✅ Adjust loan values and compare plans
  • ✅ Free to use unlimited times

How Is EMI Calculated?

The EMI is calculated using the formula:

E = [P x R x (1+R)^N] / [(1+R)^N – 1]
Where:
E = EMI, P = Principal, R = Interest Rate, N = Tenure in months

For example, ₹1 Crore loan over 15 years at 12% interest = ₹1,10,108 EMI.

How EMIs Change Over Time

Each EMI has a principal and an interest portion. Initially, interest is higher. Over time, interest reduces and principal increases. This breakdown helps in financial planning.

How to Use This Calculator

  1. Enter loan amount
  2. Enter interest rate
  3. Select loan tenure

Your EMI appears instantly. You can try various combinations.

Advantages of Using Our Calculator

100% Free

No sign-up required. Unlimited usage.

Accurate Results

Instant EMI based on real-world formula.

Financial Planning

Compare loan options easily.

Start Your EMI Calculation Now

Plan your home loan repayment with confidence.

Use EMI Calculator

Frequently Asked Questions (FAQs)

EMI stands for Equated Monthly Instalment. It’s the fixed amount paid by a borrower every month to repay the home loan over the agreed tenure.

EMI is calculated using the formula:

EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]

Where P is the loan amount, R is the monthly interest rate, and N is the number of EMIs.

An EMI calculator saves time, avoids manual errors, and gives you an instant, accurate estimate of your monthly repayment amount.

Yes, the EMI calculator is free to use and can be used as many times as needed to compare different loan scenarios.

If you opt for a fixed interest rate, your EMI remains the same. For floating interest rates, EMIs may vary based on market conditions.