Skip to content
Loan Calculator ProEMI & Savings
🏠

Home Loan EMI Calculator

Work out the EMI on a housing loan, see exactly how much of every instalment is interest, and find out what a single part-payment does to your 20-year tenure.

Amount range
₹1.0 L – ₹10.0 Cr
Tenure
up to 30 years
Method
Reducing balance

Monthly EMI

₹43,391

for 20 yr · last instalment Sep 2046

Total Interest

₹54,13,879

₹1.08 interest per ₹1 borrowed

Fees + GST

₹29,500

Deducted upfront by the lender

Total Repayment

₹1,04,13,879

Principal + interest over the full term

Total Cost of Loan

₹1,04,43,379

Everything you pay, fees included

Where your money goes

Total repayment₹1.04 Cr
  • Principal47.9%
  • Interest51.8%
  • Fees + GST0.3%

Amortisation Schedule

240 instalments · every rupee accounted for

PeriodPaymentPrincipalInterestBalancePaid
2026(3 mo)₹1,30,173₹24,093₹1,06,080₹49,75,9070%
Oct 2026₹43,391₹7,974₹35,417₹49,92,0260.2%
Nov 2026₹43,391₹8,031₹35,360₹49,83,9950.3%
Dec 2026₹43,391₹8,088₹35,303₹49,75,9070.5%
2027(12 mo)₹5,20,694₹1,01,641₹4,19,053₹48,74,2663%
2028(12 mo)₹5,20,694₹1,10,625₹4,10,069₹47,63,6405%
2029(12 mo)₹5,20,694₹1,20,404₹4,00,290₹46,43,2377%
2030(12 mo)₹5,20,694₹1,31,046₹3,89,648₹45,12,19110%
2031(12 mo)₹5,20,694₹1,42,629₹3,78,065₹43,69,56113%
2032(12 mo)₹5,20,694₹1,55,237₹3,65,457₹42,14,32516%
2033(12 mo)₹5,20,694₹1,68,958₹3,51,736₹40,45,36719%
2034(12 mo)₹5,20,694₹1,83,892₹3,36,802₹38,61,47523%
2035(12 mo)₹5,20,694₹2,00,147₹3,20,547₹36,61,32827%
2036(12 mo)₹5,20,694₹2,17,838₹3,02,856₹34,43,49031%
2037(12 mo)₹5,20,694₹2,37,093₹2,83,601₹32,06,39736%
2038(12 mo)₹5,20,694₹2,58,050₹2,62,644₹29,48,34741%
2039(12 mo)₹5,20,694₹2,80,859₹2,39,835₹26,67,48947%
2040(12 mo)₹5,20,694₹3,05,684₹2,15,010₹23,61,80453%
2041(12 mo)₹5,20,694₹3,32,704₹1,87,990₹20,29,10059%
2042(12 mo)₹5,20,694₹3,62,112₹1,58,582₹16,66,98867%
2043(12 mo)₹5,20,694₹3,94,119₹1,26,575₹12,72,86975%
2044(12 mo)₹5,20,694₹4,28,956₹91,738₹8,43,91383%
2045(12 mo)₹5,20,694₹4,66,872₹53,822₹3,77,04192%
2046(9 mo)₹3,90,520₹3,77,041₹13,479₹0100%

Monthly EMI

₹43,391

Total interest

₹54.1 L

Check the going rate first

Before you settle on a rate in the calculator, see what lenders are actually publishing for home loans right now.

Home Loan rates

Weighing up two offers?

Put both in the comparison tool. It ranks by total money out of pocket, so a low rate hiding a large processing fee has nowhere to hide.

Compare lenders

Other calculators

🚗 Car👤 Personal💼 Business🎓 Education🥇 Gold
Home Loan

Home Loan questions, answered

What people ask most about home loan EMIs, prepayment and total cost.

On a ₹50 lakh 20-year home loan at 8.5%, about 81% of your first year's instalments go to interest and only 19% reduces the principal. The crossover — where principal overtakes interest within a single EMI — does not arrive until month 143, in the twelfth year. This is precisely why prepaying early has such a large effect: the same ₹5 lakh saves roughly ₹14.6 lakh in interest if paid in month 24, but only about ₹4.2 lakh if paid in month 144. The year-by-year chart on this page shows the split for your own numbers.

Under the old tax regime, Section 24(b) allows a deduction on interest paid for a self-occupied property, and Section 80C covers principal repayment within the overall 80C limit. The new regime largely removes these benefits for self-occupied property. Limits and eligibility change with each Finance Act, so check the current year's rules or ask a tax professional — this calculator does not model tax relief.

The arithmetic comparison is your loan's interest rate against the return you would earn elsewhere, after tax and adjusted for risk. Prepaying gives a guaranteed, risk-free return equal to your loan rate; an investment offering more comes with the risk of delivering less. The right answer depends on your rate, tax position, job security and how you feel about carrying debt. This tool quantifies the loan side precisely; it cannot tell you what to do.

EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the principal, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of monthly instalments. This is the reducing-balance method every Indian lender uses: interest each month is charged only on the balance still outstanding, so the interest portion of your EMI shrinks and the principal portion grows as the loan runs down.

Reducing the tenure almost always saves more money, because you stop paying interest sooner. Reducing the EMI keeps you paying for the original term and only lowers the monthly outgo. Choose tenure reduction if your cash flow is comfortable and you want the maximum interest saving; choose EMI reduction if your monthly budget is tight and breathing room matters more than the total saved. The calculator shows both outcomes side by side.

Yes, substantially. Interest is charged on the outstanding balance, so a rupee repaid in year 2 avoids interest for the remaining 18 years, while the same rupee in year 15 avoids only five years of it. On a typical 20-year home loan, a lump sum in year 2 can save several times what the identical amount saves in year 12.

Yes. The calculator applies your processing fee as a percentage of the sanctioned amount, adds GST on that fee (18% is the standard rate on financial services in India), and reports a Total Cost of Loan that includes both. This matters when comparing lenders: a bank offering a rate 0.1% lower but charging double the processing fee can easily be the more expensive option on a short tenure.

Yes. The comparison tool takes up to four lenders with independent amounts, rates, tenures, processing fees and part-payment plans, then ranks them by total outflow rather than by headline rate — which is the only comparison that reflects fees honestly. You can prefill the rates from our bank interest rates table.

A note on accuracy

This calculator applies the standard reducing-balance formula that Indian lenders use, and includes processing fee and GST in the total cost. It does not model late-payment penalties, insurance bundled into the loan, foreclosure charges, or any moratorium period. Your lender's sanction letter is the authoritative statement of your EMI and charges — treat these figures as a well-informed estimate for planning, not a quotation.