Home Loan EMI Calculator
Calculate your monthly EMI, total interest, and total payment for your home loan

Loan Details

₹ 5 L₹ 10 Cr
6%15%
1 yr30 yrs

Quick Presets

Your Monthly EMI
₹ 43,391
for 20 years

Loan Breakdown

Principal Amount
₹ 50 L
Total Interest
₹ 54.14 L
Total Payment ₹ 1.04 Cr
Total Interest Payable ₹ 54.14 L
Loan Tenure 20 Years (240 months)
Understanding EMI Calculation

What is EMI?

EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each month.

EMI Formula

EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]
Where P = Principal, R = Monthly rate, N = Months

Tips to Reduce EMI

Make a higher down payment, opt for longer tenure, or negotiate a lower interest rate with your bank.