Home Loan EMI Calculator
Estimate the monthly EMI (Equated Monthly Installment) on a home loan, see how much of every repayment goes toward principal versus interest, and compare EMI across a few standard loan tenures — all based on the reducing-balance method used by Indian banks and housing finance companies.
How is home loan EMI calculated?
EMI is computed using the standard reducing-balance formula applied to the outstanding principal, at a fixed annual interest rate compounded monthly, over the chosen loan tenure. Each EMI payment splits between interest (a larger share in the early years) and principal (a larger share in later years) — the amortization chart above shows how the outstanding balance reduces year over year until the loan is fully repaid.
This calculator does not account for processing fees, insurance, GST, prepayment penalties, or floating-rate resets — it estimates EMI for a fixed-rate loan only.