🏠 Home Loan EMI Calculator

🏠 Home Loan EMI Calculator

A Home Loan EMI Calculator is an easy-to-use financial tool that helps you calculate the monthly EMI (Equated Monthly Instalment) you need to pay for your home loan. By entering your loan amount, interest rate, and loan tenure, you can instantly get an idea of your EMI and plan your finances better.

Steps to Use the Home Loan EMI Calculator

  1. Enter the Loan Amount (P)
  2. Enter the Interest Rate (Annual)
  3. Enter the Loan Tenure (in years)
  4. Click “Calculate” – Get your EMI, total interest, and total repayment.

Home Loan EMI Calculation Formula Explained

EMI Calculator formula

Where:

  • P = Loan Amount (Principal)
  • R = Monthly interest rate = Annual rate / 12 / 100
  • N = Loan tenure in months (Years × 12)

This formula calculates the fixed monthly payment required to repay both the principal and interest over the loan tenure. It ensures that each installment covers the interest for the period and a portion of the principal, resulting in a consistent payment schedule throughout the loan duration.​

Example Calculation

Aman has a home loan of ₹50,00,000 at an annual interest rate of 8.5% for a tenure of 25 years

P = ₹50,00,000

R = 8.5 / 12 / 100 = 0.00708

N = 25 × 12 = 300

as per the calculation Total Payment (Principal + Interest): ₹12078406.25, Monthly EMI: ₹40261.35 

FAQs

Is it necessary to log in to use the Home Loan EMI Calculator?

No, you do not need to log in or sign up to use the Home Loan EMI Calculator. It is completely free and accessible to everyone.

Can I change the loan amount, interest rate, or tenure to see different EMI options?

Yes, you can easily adjust the loan amount, interest rate, or tenure in the calculator to compare different EMI options and choose the most suitable plan for your business.

How can this calculator help me?

It helps you plan your monthly budget, compare different loan offers, and avoid over-borrowing.

Does the calculator include taxes and other charges?

No. The calculator only estimates EMI based on principal, interest, and tenure. Stamp duty, registration, or processing fees are not included.