Home Loan EMI Calculator
Monthly EMI, total interest and a year-by-year repayment schedule for your home loan.
Result
How to use
- 1
Move the sliders or type the loan amount, interest rate and tenure.
- 2
Your EMI, total interest and total payment update instantly.
- 3
Scroll down for the year-by-year repayment schedule.
Questions
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 and n is the number of monthly instalments.
Does a longer tenure save money?
A longer tenure lowers the EMI but increases the total interest you pay. Choose the shortest tenure whose EMI you can comfortably afford.
About this Home Loan tool
Home Loan EMI Calculator — Monthly EMI, total interest and a year-by-year repayment schedule for your home loan. It is one of 200 free tools on namasivayam.in, made by software engineer Namasivayam Vadivelan for everyday use in India.
Everything is calculated instantly in your browser: nothing you type or upload is sent to any server, there is no sign-up, and it works on mobile and desktop. Move the sliders or type the loan amount, interest rate and tenure.
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Results are estimates to help you plan. They are not financial, tax or medical advice.