Home Loan EMI Calculator
See your monthly instalment, total interest and repayment schedule before you decide.
- Loan amount
- ₹40,00,000
- Total interest
- ₹43,31,103
- Total payable
- ₹83,31,103
Estimate only. Actual rate, eligibility and charges depend on your lender.
Year-by-year repayment schedule
| Year | Principal paid | Interest paid | Balance |
|---|
Good to know
How is EMI calculated?
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments. This calculator uses that standard reducing-balance formula.
What is a down payment and how much should I pay?
The down payment is the part of the property price you pay from your own funds. Lenders usually finance only a portion of the price, so the rest must come from you, plus registration, stamp duty and other costs. Check the maximum loan-to-value your lender offers.
Does a longer tenure reduce my EMI?
Yes, a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan. Use the sliders to compare the monthly amount against the total interest.
Is the result exact?
It is an estimate. Your lender’s rate, processing fees, insurance and the way they round or reset rates can change the final figure, so confirm with your bank or housing-finance company.