Home Loan EMI Calculator
Plan your dream home without surprises. Get monthly EMI, total interest, and the full year-by-year payoff for any home loan.
What is Home Loan EMI?
A home loan EMI calculator tells you the fixed monthly instalment you'll owe the bank, and how it splits between principal and interest across 20–30 years.
where P = loan amount, R = monthly rate (annual ÷ 12 ÷ 100), N = total months.
Worked example
A ₹50,00,000 home loan at 8.5% p.a. for 20 years works out to an EMI of about ₹43,391. Total interest over 20 years: ~₹54.14 lakh, more than the principal itself.
Frequently asked questions
What's a good home loan interest rate in India?
Between 8.0% and 9.5% p.a. for salaried borrowers is typical. Public sector banks and HDFC/ICICI/SBI are competitive. Always ask for the RBI Repo-Linked rate.
Is a 20-year or 30-year home loan better?
20 years means higher EMI but dramatically lower total interest. Use Compare above to see the exact savings.
Can I prepay my home loan?
Yes, RBI mandates zero prepayment penalty on floating-rate home loans. Prepaying even one extra EMI per year can cut years off your loan.