Home Loan EMI Calculator

The best and free Home Loan EMI Calculator to calculate your Home Loan EMI online. With our easy to use calculator, you will be able to calculate your Home Loan EMI hassle-free. You just need to enter your Loan Amount, Loan Tenure, Rate of Interest, and hit “Calculate EMI“. Your detailed EMI Calculation with the Amortization Schedule and Payment breakup of your Home Loan EMI is ready for you completely free.


Home Loan EMI


Total Interest Payable


Total Payment
(Principal + Interest)


Break-up of Total Payment

What is an EMI?

EMI means "Equated Monthly Installments." It is fundamentally the amount that the lender will deduct from your bank account every month toward the loan you are taking from the bank or lender. The EMI combines some part of the principal component of the loan and the interest component of the loan. In short, the total payable amount is split into two components called principal and interest, which collectively make it an EMI

How EMI is calculated?

EMI calculation depends on three things, Loan Amount that you have availed from the bank, Interest Rate that the bank is charging, and the Tenure for which you have taken the loan. Below is the formula to calculate the Loan EMI:

EMI = (P * I) * (1 + I) ^ N / [(1+I) ^ N - 1]

P = Principal Amount of your Loan
I = Rate of Interest charged by bank for your Loan
N = Repayment Period of your Loan

Amortization Schedule for repayment of your Home Loan

Year Principal
Total Payment
(A + B)
Balance Loan Paid to Date
2022 718 248 966 24,282 3.00 %
2023 4,460 1,336 5,796 19,821 21.00 %
2024 4,736 1,060 5,796 15,086 40.00 %
2025 5,028 768 5,796 10,058 60.00 %
2026 5,338 458 5,796 4,721 81.00 %
2027 4,699 131 4,830 0 100.00 %