Does a longer tenure reduce EMI?

Yes, stretching the tenure lowers the monthly EMI but increases total interest paid. Compare both numbers before choosing a tenure.

Are processing fees included?

This calculator shows principal and interest only. Bank processing fees, insurance, and stamp duty are extra and vary by lender.

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Home Loan EMI Calculator

Free online home loan EMI calculator for India — estimate monthly EMI, total interest, and repayment schedule.

Last updated 2026-09-17

Loan amount₹Interest rate (p.a.)%Tenureyrs

Monthly EMI

₹43,391

Total interest

₹54,13,879

Total payment

₹1,04,13,879

Months

240

Principal 48%Interest 52%

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Amortization preview

Month	EMI	Principal	Interest	Balance
1	₹43,391	₹7,974	₹35,417	₹49,92,026
2	₹43,391	₹8,031	₹35,360	₹49,83,995
3	₹43,391	₹8,088	₹35,303	₹49,75,907
4	₹43,391	₹8,145	₹35,246	₹49,67,762
5	₹43,391	₹8,203	₹35,188	₹49,59,559
6	₹43,391	₹8,261	₹35,130	₹49,51,298

How it works

EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where r is the monthly interest rate and n is the number of months.

How to use this calculator

Enter the inputs shown above (amount, rate, tenure, income, or other fields).
Read the live results — they update as you type.
Check the formula, worked example, and assumptions on this page before you decide.

Formula

EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where r is the monthly interest rate and n is the number of months.

Worked example

A ₹50 lakh loan at 8.5% for 20 years has an EMI of about ₹43,391. Total interest over the tenure is roughly ₹54.1 lakh.

Reading the result

Treat the output as a planning figure. Compare it with your sanction letter, payslip, or GST invoice rather than treating it as a filing or a loan offer.

Read the full guide

See also: calculation methodology and disclaimer.

Frequently asked questions

EMI uses the reducing-balance formula. Interest is charged on the outstanding principal each month, so early EMIs are interest-heavy and later EMIs repay more principal.

Assumptions and limits

This is a planning estimate. Your lender, employer, or tax officer may use different inputs or rounding.

Results are educational estimates, not tax, legal, investment, or medical advice, and not a loan offer. Verify filings and payments with the official authority or a qualified professional.

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