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Calculate your home loan EMI, total interest, and payment schedule. Plan your dream home with accurate monthly payment estimates.
Quick and accurate loan calculations for India
Your Equated Monthly Installment (EMI) consists of two parts: the Principal amount and the Interest charged by the bank.
In the early years of your loan, a larger portion of your EMI goes towards interest. As you progress, the principal component increases.
The EMI Formula
Reduces total interest paid, though monthly EMI will be higher.
A higher down payment reduces the loan amount and interest burden.
Partial prepayments directly reduce the principal and total tenure.
A score above 750 can help you negotiate lower interest rates.
Home Loan EMI Calculator for monthly mortgage payments based on loan amount, rate, and tenure. Includes tax benefits under Section 80C and 24(b).
Use our Home Loan EMI to get accurate results instantly. You may also want to explore our EMI Calculator or Personal Loan EMI.
The calculator uses the standard EMI formula to compute fixed monthly payments. It also shows the amortization schedule, principal vs interest breakdown, and total interest payable over the loan tenure.
Enter your values
Input your home loan emi parameters including principal amount, interest rate, and tenure.
Adjust parameters
Use the sliders or numeric inputs to fine-tune your values for accurate results.
View results
Your results update in real-time showing EMI, total interest, and total payment.
Explore details
Check the amortization schedule, charts, and download the PDF report for your records.
Where: E = EMI, P = Home loan amount, r = Monthly interest rate, n = Number of monthly installments
1Monthly rate: 8.5/12/100 = 0.007083
2EMI = ₹43,394 per month
3Total payment: ₹1,04,14,560
4Total interest: ₹54,14,560
Monthly EMI: ₹43,394
Our Home Loan EMI uses the standard formula adopted by all major Indian banks and financial institutions. The calculation engine processes your inputs in real-time with 99.9% accuracy. All formulas are verified against official bank calculation methods and regulatory guidelines.
Last reviewed: 2026-06-15. We update our calculations whenever regulatory changes occur (tax slabs, interest rates, TDS rules, etc.).
Find answers to common questions about this calculator below.
For a ₹30 lakh home loan at 8.5% interest for 20 years, the monthly EMI is approximately ₹26,036. For 30 years tenure, it reduces to ₹23,060 but total interest increases significantly.
Most banks in India offer home loan tenures up to 30 years. Some lenders may extend up to 40 years depending on your age and repayment capacity.
With a ₹50,000 monthly salary, you can typically get a home loan of ₹25-30 lakh. Most banks offer loans up to 50-60 times your monthly income, depending on your age, existing obligations, and credit score.
Under Section 80C: up to ₹1.5 lakh deduction on principal repayment. Under Section 24(b): up to ₹2 lakh deduction on interest for self-occupied property. No upper limit for let-out property interest.
As of 2025-26, home loan interest rates in India range from 8.5% to 10.5% depending on the lender, your credit score, and loan amount. Public sector banks typically offer lower rates than private banks.
At 8.5% for 20 years: ₹43,394/month. 30 years: ₹38,438 but more total interest.
Up to 30 years (some 40). Longer = lower EMI, higher total interest.
Typically ₹50-70L. 50-60× monthly income.
80C: ₹1.5L principal. 24(b): ₹2L interest (self-occupied).
8.5-10.5%. Public sector banks lower.
1-2% monthly penalty. 3-6 months default = NPA.
Yes, with 0.5-1% processing fee. Can save significant interest.