Home Loan EMI Calculator

Planning to finance your home purchase? Our **Home Loan EMI Calculator** helps you estimate your monthly repayments, total interest payable, and the total cost of the loan over different tenures.

Calculate Monthly EMI

Loan Amount (Rs):

Interest Rate (% p.a.):

Tenure (Years):

Monthly EMI

Rs. 26,035

Total Interest

Rs. 32,48,335

Total Payoff

Rs. 62,48,335

Last Updated: June 26, 2026

Vikash

Verified Expert

Land Records & Property Registration Specialist

Vikash is a senior property consultant and land registry advisor with over a decade of experience in navigating state stamps and registration portals (SROs). He specializes in property due diligence, title verification, and simplifying online Encumbrance Certificate (EC) downloads across India.

Frequently Asked Questions

The EMI formula is: EMI = [P x R x (1+R)^N]/[(1+R)^N - 1], where P is principal, R is monthly interest rate, and N is tenure in months.

In floating-rate home loans, EMIs can change when interest rates are revised by lenders. In fixed-rate loans, the EMI remains constant throughout the tenure.

Yes, making part-prepayments reduces your outstanding principal amount, which allows you to either lower your monthly EMI or reduce your remaining loan tenure.