Home Loan EMI Calculator India 2025

Calculate your monthly EMI, total interest, and payment schedule for your home loan with our advanced calculator.

Loan Amount

₹

₹1L₹10Cr

Select Bank for Home Loan

Interest Rate (% p.a.)

0.5%20%

Loan Tenure

years

1 year30 years

Monthly EMI

₹89.71 K

Principal Amount

₹75.00 L

Total Interest

₹43.41 L

Loan Duration

132 months (11 years)

Total Amount Payable

₹1.18 Cr

Loan Composition

132

Months to pay

Principal Amount

₹75.00 L

63.3%

Interest Amount

₹43.41 L

36.7%

Interest vs Principal Ratio

0.58x

You'll pay 0.58 times the principal as interest

Payment Schedule

Showing 1 to 12 of 132 entries

Total Principal

₹75.00 L

Total Interest

₹43.41 L

Total Payable

₹1.18 Cr

MonthMonth

EMI

PrincipalPrin.

InterestInt.

OutstandingBalance

Oct 2025Oct 2025

₹89.71 K

₹33.46 K

₹56.25 K

₹74.67 L

Nov 2025Nov 2025

₹89.71 K

₹33.71 K

₹56.00 K

₹74.33 L

Dec 2025Dec 2025

₹89.71 K

₹33.96 K

₹55.75 K

₹73.99 L

Jan 2026Jan 2026

₹89.71 K

₹34.22 K

₹55.49 K

₹73.65 L

Feb 2026Feb 2026

₹89.71 K

₹34.48 K

₹55.23 K

₹73.30 L

Mar 2026Mar 2026

₹89.71 K

₹34.73 K

₹54.98 K

₹72.95 L

Apr 2026Apr 2026

₹89.71 K

₹34.99 K

₹54.72 K

₹72.60 L

May 2026May 2026

₹89.71 K

₹35.26 K

₹54.45 K

₹72.25 L

Jun 2026Jun 2026

₹89.71 K

₹35.52 K

₹54.19 K

₹71.90 L

Jul 2026Jul 2026

₹89.71 K

₹35.79 K

₹53.92 K

₹71.54 L

Aug 2026Aug 2026

₹89.71 K

₹36.06 K

₹53.65 K

₹71.18 L

Sep 2026Sep 2026

₹89.71 K

₹36.33 K

₹53.38 K

₹70.81 L

Home Loan Payment Breakdown

Track how your monthly payments shift from interest to principal over your loan tenure

Principal Increases

Green bars show increasing principal payments over time as you build equity

Interest Decreases

Orange bars show decreasing interest payments as outstanding balance reduces

Balance Reduces

Pink line shows your outstanding loan balance decreasing over time

Key Insights

Early years are interest-heavy, later years are principal-heavy

Prepaying early saves more on total interest

Outstanding balance decreases slowly at first, then accelerates

Optimization Tips

Make extra principal payments in the early years

Consider refinancing before the crossover point

Step-up EMIs can significantly reduce total interest

Home Loan EMI Calculation Formulas

Understand the mathematical formulas used to calculate home loan EMI, interest, and principal components.

EMI Calculation Formula

Calculate the Equated Monthly Installment using the standard EMI formula.

EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]

Example:

₹50,00,000 loan at 8.5% annual rate for 20 years

[50,00,000 × 0.00708 × (1 + 0.00708)^240] / [(1 + 0.00708)^240 - 1]

= ₹43,391

Variables:

P - Principal loan amount

r - Monthly interest rate (Annual rate ÷ 12)

n - Loan tenure in months

Interest Component

Calculate the interest portion of each EMI payment.

Interest = Outstanding Principal × Monthly Rate

Example:

First EMI with ₹50,00,000 outstanding at 0.708% monthly rate

50,00,000 × 0.00708

= ₹35,400

Variables:

Outstanding Principal - Remaining loan balance

Monthly Rate - Monthly interest rate

Principal Component

Calculate the principal portion of each EMI payment.

Principal = EMI - Interest

Example:

First EMI of ₹43,391 with ₹35,400 interest

43,391 - 35,400

= ₹7,991

Variables:

EMI - Monthly EMI amount

Interest - Interest component of EMI

These formulas provide the mathematical foundation for the calculations. Actual results may vary based on rounding, compounding frequency, and specific lender policies.

Hidden Charges to Watch Out For in India

Be aware of these additional costs that banks may charge beyond your EMI

Processing & Administrative Fees

Processing fee: 0.5% to 1% of loan amount

Administrative charges: ₹500-₹5,000

Documentation charges: ₹1,000-₹10,000

Legal & technical verification: ₹2,000-₹15,000

Ongoing & Hidden Charges

Prepayment charges: 2-4% (for fixed rate loans)

Late payment penalty: 2% per month

CERSAI registration: ₹100-₹16,000

Loan cancellation charges: ₹3,000-₹25,000

Insurance & Protection

Home insurance: ₹3,000-₹15,000 annually

Life insurance premium: 0.5-1% of loan amount

PMAY subsidy processing: ₹5,000-₹10,000

Valuation charges: ₹2,000-₹5,000

💡 Pro Tip

Always ask for a detailed cost breakdown before signing. Many charges are negotiable, especially processing fees. Compare total costs across banks, not just interest rates.

Required Documents Checklist

Keep these documents ready to speed up your home loan application process.

Identity & Address Proof

Aadhaar Card

PAN Card

Passport/Voter ID

Utility Bills (last 2 months)

Income Documents

Salary slips (last 3 months)

Form 16/ITR (last 2 years)

Bank statements (6 months)

Employment certificate

Property Documents

Sale agreement

Approved building plan

NOC from builder

Property tax receipts

How EMI is Calculated

EMI Formula

EMI = P × r × (1 + r)ⁿ

(1 + r)ⁿ - 1

P = Principal loan amount

r = Monthly interest rate (Annual rate ÷ 12)

n = Total number of monthly installments

Example Calculation

Loan Amount (P):₹75,00,000

Punjab National Bank

7.4%

Best Rate

Min Amount

₹1L

Calculate Returns

Compare All Banks

Home Loan EMI FAQs

Everything you need to know about home loans, EMI calculation, and mortgage planning

What is a home loan and how does it work?

A home loan is a secured loan specifically for purchasing, constructing, or renovating residential property. The property itself serves as collateral for the loan.

Key Features: Secured loan, lower interest rates (8-12%), longer tenure (up to 30 years), tax benefits available, and the property serves as collateral.

What factors determine my home loan interest rate?

Several factors influence your home loan interest rate:

Credit Score: Higher scores (750+) get better rates
Loan-to-Value Ratio: Higher down payment = lower rate
Income Stability: Regular income and employment history
Property Type: Ready vs under-construction properties
Loan Amount & Tenure: Larger amounts may have different rates
Bank Relationship: Existing customers often get better rates

Pro Tip: Make a higher down payment (20-30%) to get better interest rates and reduce your EMI burden.

What are the tax benefits available on home loans?

Home loans offer significant tax benefits under the Income Tax Act:

Section 80C - Principal Repayment

Deduction up to ₹1.5 lakhs per year on principal repayment amount.

Section 24B - Interest Payment

Deduction up to ₹2 lakhs per year on interest payments for self-occupied property.

Additional Benefits: First-time homebuyers can claim additional ₹50,000 deduction under Section 80EE, and stamp duty registration can be claimed under Section 80C.

What documents are required for a home loan application?

Complete documentation is crucial for faster home loan approval:

Personal Documents:

PAN Card and Aadhaar Card
Passport size photographs
Address proof (utility bills, etc.)
Bank statements (6 months)
Income proof (salary slips, ITR)

Property Documents:

Sale agreement/allotment letter
Approved building plan
NOC from builder/society
Property tax receipts
Title deed and encumbrance certificate

What is the difference between fixed and floating interest rates?

Aspect	Fixed Rate	Floating Rate
Interest Rate	Remains constant throughout	Changes with market conditions
EMI Amount	Fixed EMI every month	EMI may vary over time
Rate Level	Usually 1-2% higher initially	Lower initial rates
Prepayment	Higher prepayment charges	Lower/no prepayment charges

Recommendation: Floating rates are generally preferred for long-term loans as they tend to be lower over the loan tenure and offer more flexibility.

How accurate are these calculations?

Our calculators use standard financial formulas and are designed to be highly accurate. However, actual results may vary based on specific terms and conditions of financial products.

Should I consult a financial advisor?

While our calculators provide accurate estimates, it's always advisable to consult with a certified financial advisor for personalized advice based on your specific financial situation.

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