Home Loan EMI Calculator

Enter loan amount, interest rate and tenure to get instant EMI, interest and amortization schedule.

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Enter principal loan amount
%
Annual nominal rate (e.g. 8.75)
Years
Term in years (1 - 50)
First EMI month (used for table month/year)
Monthly EMI
₹0
Principal
₹0
Total Interest
₹0
Total Amount Payable
₹0
Quick presets
Principal vs Interest (Cumulative)
Amortization Schedule
Month - Year Principal Interest Total EMI Balance
Documents required for Home Loan (summary)
Salaried Individuals Self-Employed Individuals
  • Loan application form
  • Passport size photographs
  • Identity Proof (PAN / Aadhaar / Driving License / Passport / Voter ID)
  • Residence Proof (utility bill / ration card / govt ID)
  • Copy of 6 months' bank account statement
  • Signature identification proof from bankers
  • Statement of personal assets and liabilities
  • Last 3 months’ salary slips
  • Tax returns for last 2 years / Form 16
  • Proof of job stability from employer
  • Loan application form
  • Passport size photographs
  • Identity Proof (PAN / Aadhaar / Driving License / Passport / Voter ID)
  • Residence Proof (utility bill / govt ID)
  • Copy of 6 months' bank account statement
  • Signature identification proof from bankers
  • Statement of personal assets and liabilities
  • Acknowledged copies of income tax returns
  • Proof of advance income tax (challans)
  • Proof of ongoing business

How the Home Loan Calculator Helps You

Using the Home Loan EMI calculator to determine the EMIs in advance can be helpful in many ways. Check some of the reasons why you should use it:

How much money should you borrow?

The Home Loan calculator can help decide the loan amount based on how much EMI you can afford to pay from your income. In other words, you plan your finances better.

How long should tenure be?

Knowing the EMI that you can afford to pay every month via the Home Loan Calculator, you can determine the right tenure for your loan.

How much down should you take?

Using the home loan EMI calculator, you can figure out how much you should pay as the down payment to save maximum on your interest while keeping your EMIs to a minimum.

Factors Affecting Home Loan EMI
  • Loan amount: The loan amount you borrow affects EMI. The higher the amount borrowed, the higher the EMI.
  • Loan tenure: The tenure for which you take a home loan also affects installments. If the period is longer, EMI will be less but total interest increases.
  • Interest rate: For floating rate loans, EMI can change with market rates.
How to Reduce Your Home Loan EMI
  • Compare lenders and choose the best deal.
  • Do not borrow more than you can responsibly repay.
  • Make a higher down payment to reduce loan principal.
  • Choose a longer tenure to reduce monthly EMI (but note higher interest over time).
  • Make prepayments when possible.
  • Consider a balance transfer to a lender offering lower rates.
Home Loan FAQs
What is EMI?

Equated Monthly Installment (EMI) is the repayment of a fixed amount to the lender for a specified tenure at a given rate of interest. The EMI amount is a total of interest and principal.

What is a Home Loan Calculator?

A tool that helps calculate EMI amount for a given loan amount, interest rate and tenure. Useful for planning and comparing options.

What is Pre-EMI?

When a loan is disbursed for an under-construction property, lenders may ask for interest-only payments during construction (pre-EMI). Full EMIs start after possession.

How is EMI calculated?

EMI formula: EMI = [P * r * (1+r)^n] / [(1+r)^n - 1] where P = principal, r = monthly rate, n = number of months.

Note: Use this calculator for estimation only. Actual EMI, fees and tax benefits depend on individual lender policy.