Home Loan EMI Calculator

A home loan EMI calculator tells you the monthly instalment on a housing loan and how that instalment is split between interest and principal over the years. Because home loans are large and long, often 20 to 30 years, small changes in rate or tenure move the total interest by lakhs of rupees.

This version allows tenures of up to 30 years and amounts up to ₹100 crore, and shows a year-by-year amortization table you can compare with your bank's schedule. The extra payment box shows what a fixed monthly prepayment does to your tenure and interest, which helps when deciding between prepaying and investing the money instead.

On a 20-year home loan, the first years' EMIs go mostly to interest. At 8.5%, about 80% of the first year's payments are interest, and principal only overtakes interest in year 13. The yearly chart shows this crossover clearly.

Most Indian home loans are floating-rate and linked to an external benchmark such as the RBI repo rate, so the EMI or tenure changes when the rate does. RBI rules don't let lenders charge individuals a penalty for prepaying a floating-rate home loan, which makes regular prepayment one of the cheapest ways to cut the total cost.