How is home loan EMI calculated?

Home loan Equated Monthly Installment (EMI) is calculated using the formula: 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 tenure in months.

What is included in the total payment cost?

The total payment cost is the sum of the initial principal loan amount, the total compounded interest accumulated over the tenure, and any processing fees charged by the lending bank.

Home Loan Calculator

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Instantly estimate home loan EMI repayments. Map month-by-month principal and interest amortization schedules.

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Loan Parameters

Home Loan Amount

Annual Interest Rate (%)

Tenure (Years)

Yrs

Processing Fee (%)

Monthly Home Loan EMI

0.00

Total Interest

0.00

Processing Fee

0.00

Total Payment

0.00

Amortization Schedule (First 12 Months):

Month	Principal Paid	Interest Paid	Remaining Balance

Rate last updated: N/A

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How to Use the Home Loan Calculator

Compute your mortgage commitments in seconds:

Adjust the Home Loan Amount.
Define the annual Interest Rate (%) and borrowing Tenure (Years).
Specify any processing fees charged by the bank.
Click Calculate Home Loan EMI to inspect the amortization schedule and interest weight chart.

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