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Home Loan EMI Calculator
Find the monthly EMI on a home loan in seconds — with total interest, a principal-vs-interest split and a full year-by-year schedule.
- Instant results
- No signup
- Remembers your inputs
- Rates checked Oct 2026
How the home loan emi calculator works
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r the monthly rate (annual rate ÷ 12 ÷ 100) and n the number of months.
How to use it
- Move the sliders or type exact figures — results update as you go.
- Read the highlighted result first, then the breakdown and chart.
- Open the year-by-year table to plan ahead, or copy the result into your notes.
Frequently asked questions
How is EMI calculated?
EMI uses the reducing-balance formula: each month's interest is charged on the outstanding principal, and the rest of the EMI repays principal. Early EMIs are mostly interest; later ones are mostly principal.
Does a longer tenure reduce my EMI?
Yes, but you pay more interest overall. Compare the total interest figure for different tenures before deciding.
Can I claim tax benefits on a home loan?
Under the old regime, principal can count towards Section 80C and interest on a self-occupied house towards a separate deduction, within limits. The new regime does not allow these for self-occupied property. Ask your CA for your case.
Results are estimates for planning, not financial, tax or investment advice. Rates and rules change — confirm with your bank, the scheme's official notice or a CA. Last reviewed 13 October 2026.
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