Home Loan EMI Calculator

Plan your dream home with ease

Principal Amount
₹50,00,000
Total Interest
₹0
Monthly EMI
₹0
Total Payment (Principal + Interest)
₹0

Why use a Home Loan Calculator?

Make informed property decisions

Budget Assessment

Calculate EMI beforehand to determine how much loan amount you can comfortably afford.

Interest Saving

See how different tenures affect your total interest payout, helping you save money.

Repayment Planning

Plan your long-term finances better by knowing your exact monthly obligation.

Property Decision

Helps in deciding the budget for your property based on your loan eligibility and EMI capacity.

Compare Offers

Easily compare loan offers from different banks by entering their interest rates.

Tax Planning

Understand the interest component to estimate potential tax benefits under Section 24(b).

About Home Loan EMI

A Home Loan EMI (Equated Monthly Installment) is the amount you pay towards your housing loan every month. It consists of two parts: the principal amount repayment and the interest on the outstanding loan amount.

Principal

Actual amount borrowed

Interest

Cost of the loan

Tenure

Typically 15-30 Years

Frequently Asked Questions

Common queries about Home Loans

While longer tenures (20-30 years) reduce your monthly EMI, they significantly increase the total interest paid. Shorter tenures increase EMI but save interest. A balance that fits your monthly budget is ideal.