Home Loan EMI Calculator
Instantly calculate your home loan EMI, visualize your repayment breakup and see a detailed schedule. Accurate, modern, and easy to use — only on loanemical.com.
Calculate your Home Loan EMI
- Monthly EMI ₹ 26,035
- Principal amount ₹ 30,00,000
- Total interest ₹ 32,48,323
- Total repayment ₹ 62,48,323
Loan Repayment (Amortization) Schedule
| Month | EMI (₹) | Principal (₹) | Interest (₹) | Outstanding (₹) |
|---|
Frequently Asked Questions
What is a home loan EMI?
EMI, or Equated Monthly Installment, is a fixed payment made every month to repay a home loan, consisting of both principal and interest.
How is EMI calculated for a home loan?
EMI = [P × r × (1+r)n] / [(1+r)n – 1]
Where P = principal, r = monthly interest rate, n = months.
What is a repayment (amortization) schedule?
It's a detailed table showing, for every month, how much of your EMI goes to principal and interest, along with the outstanding balance after each payment.
Can I make partial or full prepayments?
Yes, many lenders allow part or full prepayment to reduce your loan burden. Some may charge prepayment fees—check with your bank.
Will my EMI remain fixed for the tenure?
If you have a fixed interest loan, EMI stays the same. For floating-rate loans, EMI may change when interest rates change.
What factors affect my EMI amount the most?
Loan amount, interest rate, and tenure (duration). Higher loan or rate, or lower tenure, will increase your EMI.
Is this calculator valid for other loan types?
This page is tailored for home loans, but the EMI math applies to most amortizing loans. For other loan calculators, see our main page.
Instant Results
Get EMI, total interest, and principal breakdown with every change.
Interactive Charts
Visualize loan cost with easy-to-read pie & bar charts—no spreadsheets needed!
Repayment Table
Full month-wise amortization table shows how much goes to interest and principal.
Comprehensive Home Loan Guide
Buying a home is one of the biggest investments you’ll make, and choosing the right home loan is crucial for financial planning. A home loan allows you to borrow money from banks or financial institutions to purchase, construct, or renovate a property. With flexible tenure options and competitive interest rates, home loans turn your dream of owning a house into a reality without straining your monthly budget.
Calculating your EMI (Equated Monthly Installments) accurately helps you plan repayments efficiently and manage your finances better. Use our Home Loan EMI Calculator to instantly estimate your monthly outgo, total interest payable, and the repayment tenure. Understanding these factors helps you select the best loan offer and tenure matching your income and financial goals.
Remember to compare interest rates, processing fees, prepayment options, and other loan features before finalizing a home loan. Always aim for a loan tenure and EMI that fits comfortably within your monthly income to avoid financial stress. Our calculator and detailed repayment tables give you a clear picture of your home loan obligations over time.