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Home Loan EMI Calculator

Work out your monthly EMI, total interest, and full repayment schedule — then see how part‑prepayments cut your interest and years off the loan. Private: everything is calculated on your device.

Loan basics

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Rate & tenure

% p.a.

years

Informational unless you add a rate‑change scenario below.

Upfront charges (optional)

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Excludes stamp duty & registration.

Monthly EMI iYour fixed monthly instalment covering both interest and principal.

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Loan amount

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Total interest iTotal interest you pay to the lender over the full loan.

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Total repayment iLoan principal plus total interest — everything paid to the lender.

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Tenure iActual months to fully repay. Prepayments or rate changes can shorten or extend this.

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Completion iThe month your loan is fully repaid.

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Upfront charges iProcessing fee plus other upfront costs you entered.

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Effective total cash outflow iDown payment + all EMIs + prepayments + upfront cash charges (financed fees excluded).

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PrincipalInterest

Outstanding balance over time

Part‑prepayment — save interest & years

Model extra payments towards your principal and see the impact instantly.

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Instalment number from start.
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Without prepayment

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With prepayment

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Interest‑rate change scenario

Model a future rate revision (common on floating loans). This is a scenario, not a prediction.

%

At current rate

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After rate change

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Affordability check

A rough guide only — not an eligibility or approval decision.

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Amortisation schedule

How EMI is calculated

Your EMI is worked out on a reducing balance: each month, interest is charged only on the outstanding principal, and the rest of your EMI reduces the principal. Early EMIs are mostly interest; later ones are mostly principal. The formula is EMI = P·R·(1+R)N ÷ ((1+R)N−1), where P is the loan, R the monthly rate (annual ÷ 12 ÷ 100) and N the number of months. Prepayments go straight to principal, so they save you interest for every remaining month.

Questions people ask

What is an EMI?

EMI (Equated Monthly Instalment) is the fixed amount you pay your lender each month, covering both interest and principal, until the loan is fully repaid.

Will my EMI change on a floating‑rate loan?

It can. When the benchmark rate moves, lenders usually keep your EMI the same and change the tenure, or keep the tenure and change the EMI. Use the rate‑change scenario above to see both.

How does prepayment help?

A prepayment reduces your outstanding principal immediately, so you're charged interest on a smaller balance for every remaining month. You can either shorten the loan (keep EMI) or lower the EMI (keep tenure).

What is an amortisation schedule?

It's the month‑by‑month breakdown of each EMI into interest and principal, with the falling outstanding balance — so you can see exactly how the loan is repaid over time.

Is my data stored anywhere?

No. Every calculation runs in your browser. Nothing you enter is stored, transmitted, or shared.

This calculator provides estimates for informational purposes only. Actual EMI, interest, charges, repayment schedules and loan eligibility may vary based on the lender's calculation method, rate changes, disbursement schedule, rounding policy and applicable terms. Please confirm the final repayment schedule with your lender. Tax is not included: these figures ignore any tax deductions on home‑loan interest or principal, and any capital‑gains tax on sale, which can materially change the outcome. Consider your own tax position and consult a tax professional.

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