Skip to content
Finance Calculators

Home Loan EMI Calculator

Verified formula Updated Jun 2026 Private — runs on your device

Enter details
₹
%
20 years
1 years30 years
Verified formula Private

Monthly EMI

₹21,696

Principal amount
₹25,00,000
Total interest
₹27,06,939
Total payment
₹52,06,939
View chart data
Principal amount2500000
Total interest2706939

For general information only — not financial, tax, legal or medical advice. Verify before you rely on it.

How to use the Home Loan EMI Calculator

The Home Loan EMI Calculator works out your monthly emi, along with 3 related figures in an instant. Enter loan amount, interest rate (p.a.) and loan tenure and the result updates as you type — it is free, needs no sign-up, and runs entirely in your browser so your figures stay private.

  1. Enter the loan amount.
  2. Enter the interest rate (p.a.).
  3. Set the loan tenure.
  4. Read off your monthly emi, together with principal amount, total interest and total payment — the calculator updates automatically, with no button to press.

Worked example

For example, with loan amount of ₹2,500,000, interest rate (p.a.) of 8.5% and loan tenure of 20 years, the monthly emi is ₹21,696.

Inputs used
Loan amount ₹2,500,000
Interest rate (p.a.) 8.5%
Loan tenure 20 years
Results
Monthly EMI ₹21,696
Principal amount ₹25,00,000
Total interest ₹27,06,939
Total payment ₹52,06,939

Results are estimates for educational use, not professional advice.

Key terms explained

EMI
Equated Monthly Instalment — the fixed monthly payment on a loan covering both interest and principal.
Interest rate
The percentage charged on a loan or paid on savings, usually quoted per year (per annum).
Principal
The original sum of money borrowed or invested, before any interest is added.
Tenure
The length of time over which a loan is repaid or an investment is held.

Frequently asked questions

EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of monthly instalments.

Yes, a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan. A shorter tenure costs more per month but less overall.

A fixed rate stays the same for a set period, giving predictable EMIs. A floating rate moves with the market, so your EMI or tenure can change. This tool assumes a constant rate.

No. It estimates only principal and interest. Lenders may add processing fees, insurance and other charges, so your actual outgo can be slightly higher.

Enter the loan amount. Enter the interest rate (p.a.). Set the loan tenure. Read off your monthly emi, together with principal amount, total interest and total payment — the calculator updates automatically, with no button to press.

How Loan EMIs Work: A Complete Guide

Understand exactly how your loan EMI is calculated, why early payments are mostly interest, how tenure and rate change the total cost, and how prepayment saves you money — with worked examples.

4 min read

Related calculators