Calculate home loan EMI, interest & total repayment amount
Home Loan Calculator is a comprehensive financial calculator designed to help you calculate home loan emi, interest & total repayment amount. Planning finances requires absolute precision; this calculator provides instant accurate projections for EMIs, compounding, loans, and investment portfolio returns.
Use EMI = P × r × (1+r)^n / ((1+r)^n − 1) with r as the monthly rate and n as the months. For ₹50,00,000 at 8.5% over 20 years, the EMI is about ₹43,391, the total repayment is about ₹1.04 crore and the interest is about ₹54.14 lakh. Enter your own amount, rate and tenure to see your figures.
A 15-year loan has a higher EMI but far less interest. On ₹50,00,000 at 8.5%, 15 years means an EMI of about ₹49,237 and interest of about ₹38.63 lakh, while 20 years means about ₹43,391 and about ₹54.14 lakh. Pick the shortest tenure whose EMI you can pay comfortably alongside your other expenses.
On ₹50,00,000 over 20 years, moving from 8.5% to 9% raises the EMI from about ₹43,391 to about ₹44,986, roughly ₹1,595 more each month. Over the full term that adds about ₹3.83 lakh in interest. Even small rate differences matter on long tenures, so compare offers before you sign.
The calculator shows only the EMI, interest and total repayment for the loan amount you enter. Your down payment, stamp duty, registration charges, processing fee, valuation and legal fees, and home or life insurance are separate costs. It also assumes a constant interest rate, whereas floating-rate loans can change your EMI or tenure.
Indian income tax law has provisions for deductions on home loan interest and principal repayment, but they generally apply only under the old tax regime, and the limits and conditions are revised from time to time. This calculator does not compute tax savings, so check the current Income Tax Act rules or ask a tax professional.
Lenders usually cap your total EMIs at a share of your monthly income (often around 40-60%), and also check your credit score, age, job stability and property value. This page calculates the EMI for a loan you choose. To estimate the maximum loan for your income, try the Loan Eligibility Calculator on Toolskyt.
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No, this tool is 100% free. There are no limits, sign-ups, subscriptions, or hidden charges required.
A reducing interest rate means interest is charged only on the remaining outstanding principal balance at the end of each period, rather than the initial loan amount.