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Home Loan EMI Calculator
Work out your monthly instalment, total interest and total payment in seconds.
Monthly EMI—
Total interest—
Total payable—
How EMI is 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.
Tips to lower your EMI
- Make a larger down payment — every lakh you pay upfront reduces interest for the full tenure.
- Improve your credit score above 750 to qualify for the lowest rates.
- Prepay a part of the principal whenever you receive a bonus.