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Home Loan EMI Calculator

Enter the loan amount, interest rate and tenure to see your monthly EMI, the total interest you will pay and how the balance falls each year. At 7.5%, a ₹50 lakh loan over 20 years costs about ₹40,280 a month.

Monthly EMI₹40,280for ₹50,00,000 over your chosen tenure
Principal
₹50,00,000
Total interest
₹46,67,118
Total you repay
₹96,67,118
PrincipalInterest (48.3% of total)
Year-by-year repayment schedule
YearPrincipalInterestBalance
1₹1,12,159₹3,71,197₹48,87,841
2₹1,20,867₹3,62,489₹47,66,974
3₹1,30,250₹3,53,106₹46,36,724
4₹1,40,361₹3,42,995₹44,96,363
5₹1,51,258₹3,32,098₹43,45,105
6₹1,63,001₹3,20,355₹41,82,104
7₹1,75,655₹3,07,701₹40,06,450
8₹1,89,291₹2,94,065₹38,17,158
9₹2,03,986₹2,79,369₹36,13,172
10₹2,19,822₹2,63,534₹33,93,350
11₹2,36,888₹2,46,468₹31,56,462
12₹2,55,278₹2,28,078₹29,01,184
13₹2,75,096₹2,08,260₹26,26,088
14₹2,96,452₹1,86,904₹23,29,636
15₹3,19,467₹1,63,889₹20,10,169
16₹3,44,268₹1,39,088₹16,65,901
17₹3,70,994₹1,12,362₹12,94,907
18₹3,99,795₹83,561₹8,95,112
19₹4,30,833₹52,523₹4,64,279
20₹4,64,279₹19,077₹0

How is home loan EMI calculated?

EMI (equated monthly instalment) is the fixed amount you pay the bank every month until the loan is repaid. Each EMI has two parts: interest on the balance still outstanding, and a principal repayment that brings that balance down. Early in the loan most of the EMI is interest; towards the end most of it is principal. Banks use this formula:

EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)

Here P is the loan amount, r is the monthly interest rate (the annual rate divided by 12, then by 100) and n is the number of monthly instalments. For a ₹50 lakh loan at 7.5% for 20 years, r = 7.5 ÷ 1,200 and n = 240, which gives an EMI of ₹40,280.

EMI for common loan amounts at 7.5%

LoanTenureMonthly EMITotal interest
₹30 L20 years₹24,168₹28 L
₹50 L20 years₹40,280₹46.67 L
₹75 L25 years₹55,424₹91.27 L
₹1 Cr25 years₹73,899₹1.22 Cr

How to bring your EMI or interest down

  • Pay a bigger down payment. Every lakh you do not borrow saves its interest for the whole tenure. Banks lend at most 75%–90% of the property value anyway, depending on the loan size (the LTV ratio).
  • Choose the tenure with care. A longer tenure lowers the EMI but raises total interest sharply. Try 20 and 25 years above and compare the total interest.
  • Prepay when you can. Part-payments go straight to principal. Banks cannot charge foreclosure or prepayment penalties on floating-rate home loans taken by individuals. See home loan prepayment.
  • Review your rate. If your rate is well above what new borrowers get, ask your bank to reset it or consider a balance transfer.

Before you apply

The EMI you can get depends on your income and existing loans, not just the property. Check your home loan eligibility and FOIR, or use the affordability calculator to work backwards from your income. Remember that the loan does not cover stamp duty and registration; the stamp duty calculator shows how much cash to keep aside. Starting rates at major banks were around 7.25%–8.5% in October 2026; your rate depends on your credit score and lender.

More buyer calculators

Stamp duty & total costThe real cost of a flat: stamp duty, registration, GST and other charges by city.Pre-EMI calculatorWhat you pay each month during construction, and pre-EMI vs full EMI compared.How much can I afford?The highest property price your income and savings support, with matching projects.Carpet area & loadingLoading %, usable-area efficiency and the true price per sq ft of carpet area.Rent vs buyYear-by-year net worth if you buy versus rent and invest the difference.

EMI calculator — FAQs

At 7.5% a year for 20 years, the EMI on ₹50 lakh is about ₹40,280 a month. Over 25 years it is about ₹36,950, but the total interest rises from ₹46.67 L to ₹60.85 L.

On a floating-rate loan, yes. When the bank’s benchmark rate moves, the bank usually keeps the EMI the same and changes the tenure, or changes the EMI if you ask. A fixed-rate loan keeps the same EMI for the fixed period.

A longer tenure gives a smaller EMI and makes a bigger loan possible, but you pay much more interest. A common approach is to take a longer tenure for safety and prepay whenever you have spare cash, since floating-rate home loans have no prepayment penalty for individuals.

No. Banks lend against the property value and generally do not fund stamp duty and registration, so you pay those from your own savings. Use the stamp duty calculator to estimate them.

The bank releases the loan in stages as construction progresses. Until the full loan is released you usually pay only interest on the amount released, called pre-EMI, and the full EMI starts after the final disbursement. The pre-EMI calculator shows both options.

Under the old tax regime, the interest and principal parts of a home loan EMI can qualify for deductions within the annual limits; the new regime does not allow them for a self-occupied home. Rules change, so confirm your position with a tax adviser.

Results are estimates for planning only and are not a loan offer or tax advice. Rates, charges and lender rules change; confirm them with your bank, the sub-registrar and the developer before you commit.

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