Home Loan EMI Calculator
Calculate your monthly EMI, total interest payable, and total payment for your dream home
Calculate Your EMI
₹
₹1L
₹50L
₹1Cr
₹2Cr
₹5Cr
Years
1Y
5Y
10Y
20Y
30Y
%
2%
6%
8.5%
12%
20%
Your EMI Summary
Monthly EMI
₹ 43,391
Total Interest Payable
₹ 41,13,790
Total Payment
₹ 91,13,790
Payment Breakdown
Principal: ₹ 50,00,000
Interest: ₹ 41,13,790
Understanding Your EMI
What is EMI?
Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
How EMI is Calculated?
EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ - 1)
Where P = Principal, r = Monthly Interest Rate, n = Number of Months
Tips to Reduce EMI
• Increase down payment
• Choose longer tenure
• Negotiate for lower interest rate
• Make prepayments when possible