Home Loan EMI Calculator
Calculate your home loan EMI online for free. Enter the loan amount, interest rate and tenure to see your monthly instalment and total interest. Runs entirely in your browser — nothing you enter is uploaded. Home loans are secured against the property, which is why they usually carry among the lowest interest rates of any loan type in India. Tenures commonly run 15–20 years (up to 30 at some lenders). Principal repayment can qualify for a Section 80C deduction and interest for a Section 24(b) deduction (up to ₹2 lakh/year for a self-occupied property) — check current limits with a tax advisor, as these are subject to which tax regime you choose.
How to use home loan emi calculator
- Enter the loan amount
The principal you're borrowing or considering.
- Enter the rate and tenure
Your loan's annual interest rate and repayment period in years.
- Calculate
See your monthly EMI, total interest and total repayment.
Features
Every rate and percentage is an input you can change, not a hidden constant — so the estimate matches your real numbers.
Calculates locally with no sign-up or server request.
Your salary and financial details are never uploaded.
Home loans are secured against the property, which is why they usually carry among the lowest interest rates of any loan type in India.
Supported formats and limitations
Text and structured input supported by this tool.
Use cases include personal workflows, content preparation, and quick checks. Review output before relying on it for legal, financial, accessibility, or production decisions.
Frequently asked questions
How is EMI calculated?
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the principal, r is the monthly interest rate, and n is the number of monthly instalments — the standard reducing-balance formula used by nearly all Indian lenders.
Does this include processing fees or insurance?
No — it's the pure EMI on the principal and rate you enter. Add any fees or insurance premiums separately for the true cost of the loan.
What tax benefits apply to a home loan?
Principal repayment can qualify under Section 80C and interest under Section 24(b) — but only under the old tax regime, and subject to the current limits. Confirm with a tax advisor before assuming a specific deduction amount.