Home Loan EMI Calculator

Plan your future home with precision. Get instant breakdowns of your monthly payments and interest costs.

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₹1 Lakh ₹10 Crore
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Yrs
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Loan Summary

Monthly EMI ₹0
Total Interest ₹0
Total Amount ₹0

Amortization Schedule

Year Opening Balance Interest Paid Principal Paid Closing Balance

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Frequently Asked Questions

What is a Home Loan EMI?
EMI stands for Equated Monthly Installment. It is a fixed amount paid by a borrower to a lender at a specified date each month. EMIs are applied to both interest and principal each month so that over a specified number of years, the loan is paid off in full.
How is Home Loan EMI calculated?
The mathematical formula for calculating EMI is: $E = P \times r \times \frac{(1+r)^n}{(1+r)^n - 1}$, where $E$ is EMI, $P$ is Principal Loan Amount, $r$ is monthly interest rate, and $n$ is loan duration in months.
Does a higher tenure reduce interest?
Actually, it's the opposite. While a higher tenure reduces your monthly EMI amount, it significantly increases the total interest you pay over the life of the loan. It is always advisable to choose the shortest tenure you can comfortably afford.