A "low interest" loan shouldn't mean you have very little interest in paying it back!

Home Loan EMI Calculator

Recalculate your Home Loan EMI and Total Interest Due in a snap!

Your Home Loan Details

Use the slider to alter your Home Loan details.

Loan Amount
Loan Amount:
Interest Rate in %:
Processing Fee: (% of loan amount)
Would you like to make Pre-payments?
Pre-payment Frequency
Pre-payment starts in
Pre-payment amount
Loan Completion Month
Pre-payment Fee %
Pre-payment Applies to

Your Monthly Home Loan EMI: Rupee image 4,292

Monthly amount paid to your Home Loan provider

Break-up of all total amount payable
Loan Amount
25000Rupee image
Total Interest Due
756Rupee image
Processing Fee
500Rupee image
Loan Amount Via EMI
500Rupee image
Loan Amount Prepaid
500Rupee image
Total Interest
500Rupee image
Processing Fee
500Rupee image
Pre-payment Fee
500Rupee image
Total Amount Payable
26252Rupee image
Your loan details as specified by you
Loan Amount
25000Rupee image
6 Months
Interest Rate
Processing Fee
25000Rupee image

Your Amortization Details (Yearly/Monthly)

Your debt repayment schedule in regular instalments over a period of time.

amortization chart
Principal Paid Interest Paid Outstanding Loan BalanceO/S Balance(Without Pre-payment) O/S Balance(With Pre-payment)
Year Principal Paid(A) Interest Paid(B) Total Payment (A+B) Outstanding Loan Balance Pre-payment
Pre-payment Analysis

(We've broken it down for you!)

SummaryTotal AmountTenure
Without Pre-payment Rupee image 47,87,42610 yrs
With Pre-payment Rupee image 45,33,7238years 4months
YOU SAVE rupee0 YOUR TENURE REDUCED BY 1 years 8 months
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How to use BankBazaar.com's Home Loan EMI calculator to understand your Home Loan Repayment

An Equated Monthly Installment (EMI) calculator, as the name suggests, helps you understand the regular EMIs applicable on your subscribed for loan. In the case of the Home Loan EMI Calculator on BankBazaar.com, the usually tedious and time consuming task of manually calculating the EMI applicable on your home loan is simplified and loaded with all the essential data, including amortization details and ability to alter components such as interest rate and tenure to test different permutations and combinations.

Loan Parameters Required to Use the Home Loan EMI Calculator:

When using the housing loan calculator on BankBazaar.com, the following parameters need to be kept handy. The simplicity of this online tool is directly related to the minimal inputs and ability to personally customize the results.

  1. Loan Amount: Input the subscribed for loan amount on the slider tool.
  2. Tenure: Input the loan tenure by pinning the duration on the associated slider.
  3. Interest Rate: This value must be entered in the designated field. The entered number is earmarked in terms of the percentage value and thus the user isn’t required to manually enter the ‘%’ marker.
  4. Processing Fee: This value, assigned in terms of the percentage of loan amount, is the agreed upon processing fee applicable to the loan product. If you aren’t sure about this value, kindly consult your loan related documents or consult the appropriate resource at your loan lender.
  5. Pre payments: Usually, many home loan subscribers prefer to make pre-payments on their loan. This point is given due consideration in the EMI calculator for home loans as available on BankBazaar.com. Make your choice by opting for the yes/no toggle that is provided as the final input in the tool.

Why use this EMI Calculator?

The obvious perks are massive savings of time, energy and your fragile patience. Aside from these, the following advantages are in order,

  1. Speed: Massively ‘boring’ calculations are crunched in mere seconds.
  2. Simple: As uncomplicated as operating a normal calculator.
  3. Experiment: Test various interest rate and tenure combinations, find the right home loan.
  4. Free: Using this friendly tool is 100% free, now and forever.

Better Manage Home Loan Repayment with Home Loan EMI Calculator:

These are busy times and anything that isn’t nailed down by a timer is too much of an indulgence or not worth the bother. The immensely friendly housing loan calculator as available on BankBazaar.com is designed and deployed to simplify a tedious task, in the shortest time possible. Managing your loan EMIs has never been easier, thanks to this user friendly and aesthetically deployed home loan repayment calculator. Plus, BankBazaar’s experienced customer support team is always at hand if you encounter a problem or need clarification for a particular query. Go ahead- crunch your numbers today!!

Complex calculations meet eye-pleasing user interface. This is the USP for the housing loan EMI calculator as offered by BankBazaar.com. As listed in a segment above, the essential inputs required are- Loan amount, Loan tenure, Applicable interest rate, Applicable processing fee and the choice between a ‘yes’ for the pre-payment option or the alternative ‘no’ for the same. All these points must be marked on the very simple ‘slider’ based interface of the home loan calculator, followed by the click on the ‘Calculate’ button. And just like that, it’s done.

The resultant page will list the EMI applicable to you, based on the specific inputs provided. Aside from this, amortization details are also offered as part of the result. Tedious calculations that would have taken a sizable chunk off your patience, has now been accomplished in mere minutes. Cheers to technology.

One of the more useful features of this EMI calculator for home loans is that it can be customized in line with your individual requirements and limitations, even before you have applied for the home loan. Thereby, substitute various combinations of interest rates and tenures to work out a schedule that works best for you. Again, amortization details for various combinations plus the applicable EMI in each case can help you be more prepared with regards to your specific requirements before you approach the chosen bank/financial institution for the home loan.

The following pointers are essential to understand the various factors that make up your home loan’s amortization details,

  1. Starting Balance : This is basically the principal amount that is owed to the bank.
  2. Interest Paid : The portion of your monthly EMI payments that is counted as the applicable interest for the period. As the home loan matures, this number is bound to progressively get smaller and smaller. Other than the interest component, the remainder of the EMI is counted per the repayment for the principal loan amount.
  3. Principal Paid : This is the major component of your monthly EMI (minus the interest part) that is considered as repayment for the principal loan amount. Alternative to the interest paid, this number will keep incrementing each month as the home loan matures.
  4. Ending Balance : This is the balance owed to the bank/financial institution in terms of the principal amount at the end of a specified time frame (usually a month).
  1. Must I signup on BankBazaar.com or have a home loan procured using said website in order to utilise this home loan calculator?

    No. This home loan repayment calculator is 100% free to use and no specified conditions exist to qualify for its usage. As a visitor to BankBazaar.com, you can access the page directly and compute your home loan EMIs.

  2. I am not sure I’am doing this right. I need help.

    Not a worry. If you have any queries concerning the workings of this home loan calculator in India, kindly consult our customer support team. We will be happy to help you with all your queries and concerns.

  3. I don’t know the processing fee applicable to my home loan. What must I do?

    You should be able to get this information from the loan related documents issued by your bank. Alternatively, you can search for this detail on the bank’s official website, or by personally contacting the bank’s customer support department.

  4. What are some of the tips and tricks associated with this home loan calculator?

    Immediately below the EMI calculation, you can see a pronounced ‘+’. Click on this to find additional details pertaining to your home loan EMI breakup. There are even options to share this EMI wizardry on your social media channels.

    Similarly, under the title marked ‘Your Amortization Details (Yearly/Monthly)’, the pronounced ‘+’ can be clicked to reveal a graphical representation of the amortization details associated with your home loan. This chart format is immensely user friendly and divulges a treasure trove of related information.

  5. Impressive. Can I know more about the technologies involved?

    Surely, touch bases with us and we will be happy to talk. Btw, this EMI calculator for home loans is based on a unique in-house technology that is tuned towards making the whole process of calculating your home loan EMIs, faster, hassle free and immensely user friendly.

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Further Reading

Top picks from our Financial Expert

News About Home Loan EMI Calculator

  • The new interest rate formula have made loans cheaper.

    The Reserve Bank of India’s new rules announced in December 2015 which took away banks’ freedom to revise rates at their will, mean that home loans have started to become cheaper. Banks throughout India has begun to calculate lending rates according to this new rule. Home buyers can rejoice. This means that Home Loan EMIs will decrease by more than Rs 300 for borrowers who avail a loan of Rs 50 lakh over 15 years. State Bank of India, India’s largest lender has reduced their home loan rate to 9.4% from 9.5%. This came into effect on April 1st 2016.

    26th April 2016

  • Fall in Repo Rate to Result in Reduced Home Loan EMI

    In an apparent attempt to bring down home loan rates further, the Reserve Bank of India reduced the repo rate to 6.50%, bringing it down by 25bps. This in turn has brought about a drop in the minimum daily cash reserve ratio (CRR) of the banks.

    RBI has not made any change to the CRR at 4% of NDTL (Net Demand and Time Liabilities), however the policy rate corridor has been narrowed from +/-100 bps to +/-50 bps. In order to achieve this, the MSF rate was decreased by 75 bps and reverse repo rate was increased by 25 bps. According to experts, the most positive aspect of the financial year’s policy is the boost in liquidity, owing to the central bank.

    18th April 2016

  • Thanks to RBI’s 25 bps repo rate cut, auto and home loan EMIs will reduce, making them cheaper

    Reserve Bank of India Governor Raghuram Rajan reduced repo rate by 25 basis on Tuesday in its monetary policy review. The percentage has been cut to 6.50%, the lowest it has been in over five years.

    The central bank gave a hint that there may be more rate cuts in future. The bank wants to stay accommodative in its policy stance. This will be a deciding factor of interest rate reduction.

    Raghuram Rajan said that ever since banks have been reducing their interest rate by 25-50 bps, borrowing had already become more affordable. This is even before the monetary policy review.

    7th April 2016

  • Home loan rate cuts lower the EMI burden

    A sharp reduction in the lending rates by India’s biggest public bank, SBI, has started a trend for other banks. The proposal to deliver house loans at reduced rates could be a setting stone for sheer rivalry among banks, which is sure to benefit the consumer in the end – a win-win situation. SBI has publicized its 40 bps cut the very next day after the RBI has made the policy change to 50-bps-less repo rates. An astonishing sales extravaganza followed from then on, making it quite easier to rope in more customers. This proves that SBI’s move will soon pressure other banks and financiers to declare a rate cut as well. But chances of beating SBI seems bleak. At a time when the demand for housing has dipped drastically even with reduced process, abating interest rates is one of the few steps to rescue the market. And it looks like the tactic is already working.

    14th January 2016

  • EMIs to low on home loans

    Home loans and vehicle loan debtors now have every cause to celebrate at the onset of festive time. This is because the standard EMIs for these loans are anticipated to reduce. This was expected after the RBI cut the repo rate by a whopping 50 bps. Since many marketer were betting on a 25 bps reduction, this was a huge shocker. The repo rate is now 6.75 percent from the previous 7.25 percent. The Cash Reserve Ratio (CRR), which presently touches the 4 percent mark and the reverse repo rate at 5.75 percent are still the same. Ensuing this step, retail banks will be forced bring down their own loan rates for individual, vehicle, home and commercial loans, which translates into lesser EMIs. Yet, the RBI Governor Mr. Raghuram Rajan says that not many banks have followed suit and those banks that have complied, did it only to a certain extent.

    7th October 2015

  • Home loan EMIs all set to dip as RBI announced rate cuts by 50 bps

    In a bold step that will be like a breath of fresh air to thousands of housing loan borrowers throughout the nation, the RBI has slashed its standard repo rate by 50 bps. And now the repo rate is 6.75 percent compared to the previous 7.25 percent. This is the lowest in this decade. Even the most learned financial analysts admitted this news to be a shocker.

    While the RBI’s standpoint will remain to be flexible, the emphasis of fiscal action for the near future will change to functioning with the government to make sure that hitches to banks passing on the greater part of the accumulative 125 bps cut in the rates are taken back. This was mentioned by RBI Governor, Mr. Raghuram Rajan while declaring the rate cut. This has been the most vital financial policy decision taken by him during his term.

    1st October 2015

  • Developers and Banks Offering Attractive Housing Deals to Woo Customers

    Anyone who has been seriously hunting properties and has been hoping for a drop in property prices can breathe a sigh of relief – the real estate slowdown is official and the construction companies are offering up to 20% discounts to negotiate better deals with buyers. Over the past two quarters, buyers with acute eyes have noticed the process decline by about 5% in Bangalore and over 8% in Noida, the two most preferred places to buy property currently. Property experts claim that the property market has become buyer-focused and that the price corrections has happened in sub-markets depending on supply-demand, leading to a drop in prices.

    This might also be the best time to avail a home loan. With SBI offering home loans to women at 9.7% and at 9.75% to other applicants and ICICI reducing its interest rates to 9.85% for women and 9.9% for others, customers can easily buy their dream property.

    Do not miss the opportunity to grab a property because of the lack of finance. Browse BankBazaar to find out attractive deals on home loans and also plan your future with BankBazaar’s proprietary home loan EMI calculator.

    28th September 2015

  • Home Loan EMI & Interest Rates to remain intact, RBI

    The Reserve Bank of India’s step to retain the same interest rates as the previous year has come as a blow to those mortgagors who were hoping for a fall in Home Loan EMIs. After RBI’s order in the previous financial policy, almost all Indian banks had cut down their base rates by a 1/4th percentage point. Banks and financiers are dealing with increased pressures on their non-viable products and total interest margins. Hence it would be challenging if they go for another round of slashes in rates.

    11th August 2015

  • Smaller SBI Home Loan EMIs Post 15 Points Rate Cut

    Hours after the Reserve Bank of India (RBI) announced a 25 basis points cut in the current repo rate, SBI has followed suit with its own slashing of 15 basis points from its base interest rate. RBI’s move comes in light of the lowering rate of inflation, and the need to promote growth rather than control prices, and puts the repo rate at 7.25%. The updated rate from SBI will come into effect from June 8, and will likely result in the reduction of Equated Monthly Installments (EMI) figures as concerning the SBI auto and home loan products. SBI’s domestic competitors including ICICI, HDFC and others are expected to announce their own rate cuts soon.

    9th June 2015

  • Major Banks Chop Base rate Home Loan EMIs Set to fall

    Major lenders have decided to cut lending rates after Governor Raghuram Rajan expressed his displeasure during RBI’s first bi-monthly monetary policy review for 2015-16. Dr.Rajan lashed out at banks for not passing on the perks of repo rate cuts to consumers. It may be recollected that the apex bank had reduced repo rates twice in the recent past.

    On Wednesday(08.04.2015), ICICI Bank trimmed base lending rate by 25 basis points(bps) to 9.75 per cent (erstwhile rate was 10%). This automatically lowers the home loan interest rates which are now available between 9.9-10% for general category of borrowers and 9.85 per cent for women. Similarly, India’s biggest lender, SBI, slashed the base rate which resulted in home loan rates falling to 10% for general borrowers and 9.95% for women. Axis and HDFC have also cut the base rates by 0.25 and 0.15 bps respectively.

    24th April 2015

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EMI Calculator
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