Estimate your monthly home-loan EMI by loan amount, interest rate and tenure.
The EMI (equated monthly instalment) is the fixed amount you pay each month towards your home loan. It depends on the loan amount, the interest rate and the tenure.
Use the calculator below to see your EMI, total interest and total payment, and test what changes when you adjust each input.
Estimate your monthly home loan instalment in seconds.
A larger loan means a higher EMI.
Even a small change in rate affects the total interest.
Longer tenure lowers EMI but increases total interest.
Part-payments can reduce interest and tenure.
Keep total EMIs comfortably within your monthly income.
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan, r the monthly rate and n the number of months.
No, it is an estimate. Your lender’s rate, fees and rules decide the final EMI.
No. It only calculates principal and interest.
Use the rate quoted by your lender or an expected rate, and test a few values.