Home Loan EMI Calculator
Calculate your monthly home loan EMI, total interest, and view the full amortization schedule.
EMI
₹43,391
Total interest
₹54,13,879
Total payment
₹1,04,13,879
Over the full tenure, you'll pay ₹54,13,879 in interest alone — that's 52% of your total repayment on a ₹50,00,000 home loan.
Year-wise amortization schedule
| Year | Principal Paid | Interest Paid | Balance |
|---|---|---|---|
| 1 | ₹99,511 | ₹4,21,182 | ₹49,00,489 |
| 2 | ₹1,08,307 | ₹4,12,387 | ₹47,92,181 |
| 3 | ₹1,17,881 | ₹4,02,813 | ₹46,74,300 |
| 4 | ₹1,28,300 | ₹3,92,394 | ₹45,46,000 |
| 5 | ₹1,39,641 | ₹3,81,053 | ₹44,06,359 |
| 6 | ₹1,51,984 | ₹3,68,710 | ₹42,54,375 |
| 7 | ₹1,65,418 | ₹3,55,276 | ₹40,88,957 |
| 8 | ₹1,80,039 | ₹3,40,655 | ₹39,08,918 |
| 9 | ₹1,95,953 | ₹3,24,741 | ₹37,12,965 |
| 10 | ₹2,13,274 | ₹3,07,420 | ₹34,99,691 |
| 11 | ₹2,32,125 | ₹2,88,569 | ₹32,67,566 |
| 12 | ₹2,52,643 | ₹2,68,051 | ₹30,14,923 |
| 13 | ₹2,74,974 | ₹2,45,720 | ₹27,39,949 |
| 14 | ₹2,99,279 | ₹2,21,415 | ₹24,40,670 |
| 15 | ₹3,25,733 | ₹1,94,961 | ₹21,14,937 |
| 16 | ₹3,54,525 | ₹1,66,169 | ₹17,60,412 |
| 17 | ₹3,85,862 | ₹1,34,832 | ₹13,74,550 |
| 18 | ₹4,19,968 | ₹1,00,726 | ₹9,54,582 |
| 19 | ₹4,57,090 | ₹63,604 | ₹4,97,492 |
| 20 | ₹4,97,492 | ₹23,202 | ₹0 |
How this calculator works
A Home Loan EMI (Equated Monthly Instalment) is the fixed amount you pay your lender every month until the loan is fully repaid. It combines both principal repayment and interest into a single, predictable payment — which is what makes long-term budgeting possible even though the interest and principal split changes every month.
This calculator uses the standard reducing-balance formula: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is your loan amount, r is your monthly interest rate, and n is the total number of monthly instalments. Because interest is charged only on the remaining balance, your interest payments are largest in the first few years and shrink steadily as the balance falls.
Worked example:a ₹50,00,000 loan at 8.5% annual interest over 20 years works out to an EMI of roughly ₹43,391. Over the full tenure you'd repay about ₹1.04 crore in total — meaning nearly ₹54 lakh of that is interest alone. Shortening the tenure or negotiating a lower rate can meaningfully reduce that number, which is exactly what the sliders above let you explore in real time.