Home Loan EMI Calculator

Your details

The total home loan amount sanctioned by the bank. In India this is typically expressed in lakhs (1 lakh = 100,000).
The annual interest rate quoted by your lender. For floating-rate loans, use the current applicable rate.
% p.a.
The repayment period in years. Most Indian home loans range from 5 to 30 years.
years
One-time upfront fee charged by the lender (optional). Adding it shows the true cost of the loan.
Currency
Monthly EMI
₹43,391

Fixed monthly payment for the entire tenure

Total Interest Payable₹5,413,879
Total Amount Payable₹10,413,879
Effective Cost (with fee)₹10,413,879
Principal Share48%
Interest Share52%
Monthly EMI₹43,391
Total Interest₹5,413,879
Total Payable₹10,413,879

Your monthly EMI is 43,391 for a 20-year loan.

  • Over 20 years you pay 1.08x the loan amount in interest alone, in addition to repaying the principal.
  • Interest makes up 52.0% of your total outflow. Reducing the tenure or making part-payments early can cut this significantly.
  • Your annual home loan outflow is approximately 5,20,694 (12 EMIs). Budget for property tax, maintenance and insurance on top of this.
  • About 37% of your total interest is paid in the first 5 years, when the outstanding balance is highest. Part-payments in those years have the biggest impact.

Next stepLock in the rate in writing before signing. A floating rate can rise during the tenure; confirm the reset clause with your lender.

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