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Home Loan EMI Calculator

Plan your property purchase with our free EMI calculator. Adjust loan amount, interest rate & tenure to find your ideal monthly payment.

EMI Calculator

Estimate your home loan EMI

₹50.00 Lakh
₹1 Lakh₹10 Cr
8.5%
5%20%
20 Years
1 Year40 Years
EMI₹43,391/month
Principal Amount₹50.00 Lakh
Total Interest₹54.14 Lakh
Total Payment₹1.04 Cr
Principal (48.0%)
Interest (52.0%)

* Calculated at 8.5% annual interest. Actual rates may vary by bank.

How to Use the EMI Calculator

1

Enter Loan Amount

Input the principal amount you wish to borrow from the bank.

2

Set Interest Rate

Adjust the annual interest rate based on your bank's offer (typically 8-10%).

3

Choose Tenure

Select your preferred repayment period in years (up to 30 years).

EMI Calculation Formula

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

P= Principal loan amount
R= Monthly interest rate
N= Number of months

Why Use Our EMI Calculator?

  • Instantly compare EMIs across different loan amounts and tenures
  • Plan your monthly budget before applying for a home loan
  • Understand the total interest you will pay over the loan period
  • Share your EMI estimate with family or financial advisors
  • Free to use with no registration required

Popular Home Loan Interest Rates (India)

BankInterest Rate (p.a.)Processing Fee
SBI Home Loan8.50% – 9.15%Up to 0.35%
HDFC Bank8.50% – 9.40%Up to 0.50%
ICICI Bank8.50% – 9.50%Up to 2.00%
Axis Bank8.50% – 9.20%Up to 1.00%
Kotak Mahindra8.60% – 9.30%Up to 2.00%
Bank of Baroda8.40% – 9.15%Up to 0.50%

* Rates are indicative and subject to change. Please verify with the respective bank before applying.

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