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

Home Loan EMI Calculator

A Home Loan EMI Calculator is an online calculator that lets you calculate your monthly loan instalment amount with ease. All you need to do is enter your preferred loan amount, the interest rate offered, and loan tenure. Upon clicking the “Calculate” button, you will get 100% accurate results pertaining to your home loan EMI.

Loan Amount
2500000
Tenure
240
Loan Amount:
Tenure in Years:
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: Rs 18,935

Monthly amount paid to your Home Loan provider

Break-up of all total amount payable
Loan Amount
2500000Rs
Total Interest Due
20,44,365Rs
Processing Fee
0Rs
Loan Amount Via EMI
18,935Rs
Loan Amount Prepaid
0Rs
Total Interest
0Rs
Processing Fee
0Rs
Pre-payment Fee
18,935Rs
Total Amount Payable
0Rs
Your loan details as specified by you
Loan Amount
2500000Rs
Tenure
20 Years
Interest Rate
6.70%
Processing Fee
0
Pre-payment
18,935Rs
CT
Is your Credit Score good enough for getting a loan or card?

Your Repayment Details (Yearly/Monthly)

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

Tab amortization
Principal Paid Interest Paid Outstanding Loan BalanceO/S Balance(Without Pre-payment) O/S Balance(With Pre-payment)
Year Principal Paid(A)1 Interest Paid(B) Total Payment (A+B) Outstanding Loan Balance Pre-payment
1 Rupee image4,977 Rupee image13,958 Rupee image18,935 Rupee image24,95,023
Dec Rupee image4,977 Rupee image13,958 Rupee image18,935 Rupee image24,95,023
2 Rupee image61,929 Rupee image1,65,289 Rupee image2,27,218 Rupee image24,33,093
Jan Rupee image5,004 Rupee image13,931 Rupee image18,935 Rupee image24,90,019
Feb Rupee image5,032 Rupee image13,903 Rupee image18,935 Rupee image24,84,987
Mar Rupee image5,060 Rupee image13,875 Rupee image18,935 Rupee image24,79,927
Apr Rupee image5,089 Rupee image13,846 Rupee image18,935 Rupee image24,74,838
May Rupee image5,117 Rupee image13,818 Rupee image18,935 Rupee image24,69,721
Jun Rupee image5,146 Rupee image13,789 Rupee image18,935 Rupee image24,64,575
July Rupee image5,174 Rupee image13,761 Rupee image18,935 Rupee image24,59,401
Aug Rupee image5,203 Rupee image13,732 Rupee image18,935 Rupee image24,54,198
Sep Rupee image5,232 Rupee image13,703 Rupee image18,935 Rupee image24,48,966
Oct Rupee image5,261 Rupee image13,673 Rupee image18,934 Rupee image24,43,704
Nov Rupee image5,291 Rupee image13,644 Rupee image18,935 Rupee image24,38,413
Dec Rupee image5,320 Rupee image13,614 Rupee image18,934 Rupee image24,33,093
3 Rupee image66,210 Rupee image1,61,009 Rupee image2,27,219 Rupee image23,66,883
Jan Rupee image5,350 Rupee image13,585 Rupee image18,935 Rupee image24,27,743
Feb Rupee image5,380 Rupee image13,555 Rupee image18,935 Rupee image24,22,363
Mar Rupee image5,410 Rupee image13,525 Rupee image18,935 Rupee image24,16,953
Apr Rupee image5,440 Rupee image13,495 Rupee image18,935 Rupee image24,11,513
May Rupee image5,471 Rupee image13,464 Rupee image18,935 Rupee image24,06,042
Jun Rupee image5,501 Rupee image13,434 Rupee image18,935 Rupee image24,00,541
July Rupee image5,532 Rupee image13,403 Rupee image18,935 Rupee image23,95,009
Aug Rupee image5,563 Rupee image13,372 Rupee image18,935 Rupee image23,89,446
Sep Rupee image5,594 Rupee image13,341 Rupee image18,935 Rupee image23,83,853
Oct Rupee image5,625 Rupee image13,310 Rupee image18,935 Rupee image23,78,228
Nov Rupee image5,656 Rupee image13,278 Rupee image18,934 Rupee image23,72,571
Dec Rupee image5,688 Rupee image13,247 Rupee image18,935 Rupee image23,66,883
4 Rupee image70,785 Rupee image1,56,435 Rupee image2,27,220 Rupee image22,96,099
Jan Rupee image5,720 Rupee image13,215 Rupee image18,935 Rupee image23,61,163
Feb Rupee image5,752 Rupee image13,183 Rupee image18,935 Rupee image23,55,412
Mar Rupee image5,784 Rupee image13,151 Rupee image18,935 Rupee image23,49,628
Apr Rupee image5,816 Rupee image13,119 Rupee image18,935 Rupee image23,43,812
May Rupee image5,849 Rupee image13,086 Rupee image18,935 Rupee image23,37,963
Jun Rupee image5,881 Rupee image13,054 Rupee image18,935 Rupee image23,32,082
July Rupee image5,914 Rupee image13,021 Rupee image18,935 Rupee image23,26,168
Aug Rupee image5,947 Rupee image12,988 Rupee image18,935 Rupee image23,20,221
Sep Rupee image5,980 Rupee image12,955 Rupee image18,935 Rupee image23,14,241
Oct Rupee image6,014 Rupee image12,921 Rupee image18,935 Rupee image23,08,227
Nov Rupee image6,047 Rupee image12,888 Rupee image18,935 Rupee image23,02,180
Dec Rupee image6,081 Rupee image12,854 Rupee image18,935 Rupee image22,96,099
5 Rupee image75,676 Rupee image1,51,543 Rupee image2,27,219 Rupee image22,20,423
Jan Rupee image6,115 Rupee image12,820 Rupee image18,935 Rupee image22,89,984
Feb Rupee image6,149 Rupee image12,786 Rupee image18,935 Rupee image22,83,835
Mar Rupee image6,183 Rupee image12,751 Rupee image18,934 Rupee image22,77,651
Apr Rupee image6,218 Rupee image12,717 Rupee image18,935 Rupee image22,71,433
May Rupee image6,253 Rupee image12,682 Rupee image18,935 Rupee image22,65,180
Jun Rupee image6,288 Rupee image12,647 Rupee image18,935 Rupee image22,58,893
July Rupee image6,323 Rupee image12,612 Rupee image18,935 Rupee image22,52,570
Aug Rupee image6,358 Rupee image12,577 Rupee image18,935 Rupee image22,46,212
Sep Rupee image6,394 Rupee image12,541 Rupee image18,935 Rupee image22,39,819
Oct Rupee image6,429 Rupee image12,506 Rupee image18,935 Rupee image22,33,389
Nov Rupee image6,465 Rupee image12,470 Rupee image18,935 Rupee image22,26,924
Dec Rupee image6,501 Rupee image12,434 Rupee image18,935 Rupee image22,20,423
6 Rupee image80,904 Rupee image1,46,313 Rupee image2,27,217 Rupee image21,39,519
Jan Rupee image6,537 Rupee image12,397 Rupee image18,934 Rupee image22,13,886
Feb Rupee image6,574 Rupee image12,361 Rupee image18,935 Rupee image22,07,312
Mar Rupee image6,611 Rupee image12,324 Rupee image18,935 Rupee image22,00,701
Apr Rupee image6,648 Rupee image12,287 Rupee image18,935 Rupee image21,94,053
May Rupee image6,685 Rupee image12,250 Rupee image18,935 Rupee image21,87,369
Jun Rupee image6,722 Rupee image12,213 Rupee image18,935 Rupee image21,80,647
July Rupee image6,760 Rupee image12,175 Rupee image18,935 Rupee image21,73,887
Aug Rupee image6,797 Rupee image12,138 Rupee image18,935 Rupee image21,67,090
Sep Rupee image6,835 Rupee image12,100 Rupee image18,935 Rupee image21,60,254
Oct Rupee image6,873 Rupee image12,061 Rupee image18,934 Rupee image21,53,381
Nov Rupee image6,912 Rupee image12,023 Rupee image18,935 Rupee image21,46,469
Dec Rupee image6,950 Rupee image11,984 Rupee image18,934 Rupee image21,39,519
7 Rupee image86,495 Rupee image1,40,722 Rupee image2,27,217 Rupee image20,53,024
Jan Rupee image6,989 Rupee image11,946 Rupee image18,935 Rupee image21,32,530
Feb Rupee image7,028 Rupee image11,907 Rupee image18,935 Rupee image21,25,501
Mar Rupee image7,067 Rupee image11,867 Rupee image18,934 Rupee image21,18,434
Apr Rupee image7,107 Rupee image11,828 Rupee image18,935 Rupee image21,11,327
May Rupee image7,147 Rupee image11,788 Rupee image18,935 Rupee image21,04,180
Jun Rupee image7,187 Rupee image11,748 Rupee image18,935 Rupee image20,96,994
July Rupee image7,227 Rupee image11,708 Rupee image18,935 Rupee image20,89,767
Aug Rupee image7,267 Rupee image11,668 Rupee image18,935 Rupee image20,82,500
Sep Rupee image7,308 Rupee image11,627 Rupee image18,935 Rupee image20,75,193
Oct Rupee image7,348 Rupee image11,586 Rupee image18,934 Rupee image20,67,844
Nov Rupee image7,389 Rupee image11,545 Rupee image18,934 Rupee image20,60,455
Dec Rupee image7,431 Rupee image11,504 Rupee image18,935 Rupee image20,53,024
8 Rupee image92,470 Rupee image1,34,748 Rupee image2,27,218 Rupee image19,60,553
Jan Rupee image7,472 Rupee image11,463 Rupee image18,935 Rupee image20,45,552
Feb Rupee image7,514 Rupee image11,421 Rupee image18,935 Rupee image20,38,038
Mar Rupee image7,556 Rupee image11,379 Rupee image18,935 Rupee image20,30,482
Apr Rupee image7,598 Rupee image11,337 Rupee image18,935 Rupee image20,22,884
May Rupee image7,640 Rupee image11,294 Rupee image18,934 Rupee image20,15,244
Jun Rupee image7,683 Rupee image11,252 Rupee image18,935 Rupee image20,07,561
July Rupee image7,726 Rupee image11,209 Rupee image18,935 Rupee image19,99,835
Aug Rupee image7,769 Rupee image11,166 Rupee image18,935 Rupee image19,92,066
Sep Rupee image7,812 Rupee image11,122 Rupee image18,934 Rupee image19,84,253
Oct Rupee image7,856 Rupee image11,079 Rupee image18,935 Rupee image19,76,397
Nov Rupee image7,900 Rupee image11,035 Rupee image18,935 Rupee image19,68,497
Dec Rupee image7,944 Rupee image10,991 Rupee image18,935 Rupee image19,60,553
9 Rupee image98,860 Rupee image1,28,359 Rupee image2,27,219 Rupee image18,61,693
Jan Rupee image7,988 Rupee image10,946 Rupee image18,934 Rupee image19,52,565
Feb Rupee image8,033 Rupee image10,902 Rupee image18,935 Rupee image19,44,532
Mar Rupee image8,078 Rupee image10,857 Rupee image18,935 Rupee image19,36,454
Apr Rupee image8,123 Rupee image10,812 Rupee image18,935 Rupee image19,28,331
May Rupee image8,168 Rupee image10,767 Rupee image18,935 Rupee image19,20,162
Jun Rupee image8,214 Rupee image10,721 Rupee image18,935 Rupee image19,11,949
July Rupee image8,260 Rupee image10,675 Rupee image18,935 Rupee image19,03,689
Aug Rupee image8,306 Rupee image10,629 Rupee image18,935 Rupee image18,95,383
Sep Rupee image8,352 Rupee image10,583 Rupee image18,935 Rupee image18,87,030
Oct Rupee image8,399 Rupee image10,536 Rupee image18,935 Rupee image18,78,632
Nov Rupee image8,446 Rupee image10,489 Rupee image18,935 Rupee image18,70,186
Dec Rupee image8,493 Rupee image10,442 Rupee image18,935 Rupee image18,61,693
10 Rupee image1,05,691 Rupee image1,21,526 Rupee image2,27,217 Rupee image17,56,001
Jan Rupee image8,540 Rupee image10,394 Rupee image18,934 Rupee image18,53,152
Feb Rupee image8,588 Rupee image10,347 Rupee image18,935 Rupee image18,44,564
Mar Rupee image8,636 Rupee image10,299 Rupee image18,935 Rupee image18,35,928
Apr Rupee image8,684 Rupee image10,251 Rupee image18,935 Rupee image18,27,244
May Rupee image8,733 Rupee image10,202 Rupee image18,935 Rupee image18,18,511
Jun Rupee image8,782 Rupee image10,153 Rupee image18,935 Rupee image18,09,730
July Rupee image8,831 Rupee image10,104 Rupee image18,935 Rupee image18,00,899
Aug Rupee image8,880 Rupee image10,055 Rupee image18,935 Rupee image17,92,019
Sep Rupee image8,929 Rupee image10,005 Rupee image18,934 Rupee image17,83,090
Oct Rupee image8,979 Rupee image9,956 Rupee image18,935 Rupee image17,74,111
Nov Rupee image9,029 Rupee image9,905 Rupee image18,934 Rupee image17,65,081
Dec Rupee image9,080 Rupee image9,855 Rupee image18,935 Rupee image17,56,001
11 Rupee image1,12,993 Rupee image1,14,224 Rupee image2,27,217 Rupee image16,43,007
Jan Rupee image9,131 Rupee image9,804 Rupee image18,935 Rupee image17,46,871
Feb Rupee image9,181 Rupee image9,753 Rupee image18,934 Rupee image17,37,689
Mar Rupee image9,233 Rupee image9,702 Rupee image18,935 Rupee image17,28,457
Apr Rupee image9,284 Rupee image9,651 Rupee image18,935 Rupee image17,19,172
May Rupee image9,336 Rupee image9,599 Rupee image18,935 Rupee image17,09,836
Jun Rupee image9,388 Rupee image9,547 Rupee image18,935 Rupee image17,00,448
July Rupee image9,441 Rupee image9,494 Rupee image18,935 Rupee image16,91,007
Aug Rupee image9,493 Rupee image9,441 Rupee image18,934 Rupee image16,81,514
Sep Rupee image9,546 Rupee image9,388 Rupee image18,934 Rupee image16,71,967
Oct Rupee image9,600 Rupee image9,335 Rupee image18,935 Rupee image16,62,368
Nov Rupee image9,653 Rupee image9,282 Rupee image18,935 Rupee image16,52,714
Dec Rupee image9,707 Rupee image9,228 Rupee image18,935 Rupee image16,43,007
12 Rupee image1,20,801 Rupee image1,06,417 Rupee image2,27,218 Rupee image15,22,206
Jan Rupee image9,761 Rupee image9,173 Rupee image18,934 Rupee image16,33,246
Feb Rupee image9,816 Rupee image9,119 Rupee image18,935 Rupee image16,23,430
Mar Rupee image9,871 Rupee image9,064 Rupee image18,935 Rupee image16,13,559
Apr Rupee image9,926 Rupee image9,009 Rupee image18,935 Rupee image16,03,633
May Rupee image9,981 Rupee image8,954 Rupee image18,935 Rupee image15,93,652
Jun Rupee image10,037 Rupee image8,898 Rupee image18,935 Rupee image15,83,615
July Rupee image10,093 Rupee image8,842 Rupee image18,935 Rupee image15,73,522
Aug Rupee image10,149 Rupee image8,785 Rupee image18,934 Rupee image15,63,373
Sep Rupee image10,206 Rupee image8,729 Rupee image18,935 Rupee image15,53,167
Oct Rupee image10,263 Rupee image8,672 Rupee image18,935 Rupee image15,42,904
Nov Rupee image10,320 Rupee image8,615 Rupee image18,935 Rupee image15,32,583
Dec Rupee image10,378 Rupee image8,557 Rupee image18,935 Rupee image15,22,206
13 Rupee image1,29,148 Rupee image98,069 Rupee image2,27,217 Rupee image13,93,057
Jan Rupee image10,436 Rupee image8,499 Rupee image18,935 Rupee image15,11,770
Feb Rupee image10,494 Rupee image8,441 Rupee image18,935 Rupee image15,01,276
Mar Rupee image10,553 Rupee image8,382 Rupee image18,935 Rupee image14,90,723
Apr Rupee image10,612 Rupee image8,323 Rupee image18,935 Rupee image14,80,111
May Rupee image10,671 Rupee image8,264 Rupee image18,935 Rupee image14,69,440
Jun Rupee image10,730 Rupee image8,204 Rupee image18,934 Rupee image14,58,710
July Rupee image10,790 Rupee image8,144 Rupee image18,934 Rupee image14,47,919
Aug Rupee image10,851 Rupee image8,084 Rupee image18,935 Rupee image14,37,069
Sep Rupee image10,911 Rupee image8,024 Rupee image18,935 Rupee image14,26,158
Oct Rupee image10,972 Rupee image7,963 Rupee image18,935 Rupee image14,15,185
Nov Rupee image11,033 Rupee image7,901 Rupee image18,934 Rupee image14,04,152
Dec Rupee image11,095 Rupee image7,840 Rupee image18,935 Rupee image13,93,057
14 Rupee image1,38,072 Rupee image89,147 Rupee image2,27,219 Rupee image12,54,985
Jan Rupee image11,157 Rupee image7,778 Rupee image18,935 Rupee image13,81,900
Feb Rupee image11,219 Rupee image7,716 Rupee image18,935 Rupee image13,70,681
Mar Rupee image11,282 Rupee image7,653 Rupee image18,935 Rupee image13,59,399
Apr Rupee image11,345 Rupee image7,590 Rupee image18,935 Rupee image13,48,054
May Rupee image11,408 Rupee image7,527 Rupee image18,935 Rupee image13,36,646
Jun Rupee image11,472 Rupee image7,463 Rupee image18,935 Rupee image13,25,174
July Rupee image11,536 Rupee image7,399 Rupee image18,935 Rupee image13,13,638
Aug Rupee image11,600 Rupee image7,334 Rupee image18,934 Rupee image13,02,037
Sep Rupee image11,665 Rupee image7,270 Rupee image18,935 Rupee image12,90,372
Oct Rupee image11,730 Rupee image7,205 Rupee image18,935 Rupee image12,78,642
Nov Rupee image11,796 Rupee image7,139 Rupee image18,935 Rupee image12,66,846
Dec Rupee image11,862 Rupee image7,073 Rupee image18,935 Rupee image12,54,985
15 Rupee image1,47,612 Rupee image79,605 Rupee image2,27,217 Rupee image11,07,372
Jan Rupee image11,928 Rupee image7,007 Rupee image18,935 Rupee image12,43,057
Feb Rupee image11,994 Rupee image6,940 Rupee image18,934 Rupee image12,31,062
Mar Rupee image12,061 Rupee image6,873 Rupee image18,934 Rupee image12,19,001
Apr Rupee image12,129 Rupee image6,806 Rupee image18,935 Rupee image12,06,872
May Rupee image12,196 Rupee image6,738 Rupee image18,934 Rupee image11,94,676
Jun Rupee image12,265 Rupee image6,670 Rupee image18,935 Rupee image11,82,411
July Rupee image12,333 Rupee image6,602 Rupee image18,935 Rupee image11,70,078
Aug Rupee image12,402 Rupee image6,533 Rupee image18,935 Rupee image11,57,676
Sep Rupee image12,471 Rupee image6,464 Rupee image18,935 Rupee image11,45,205
Oct Rupee image12,541 Rupee image6,394 Rupee image18,935 Rupee image11,32,664
Nov Rupee image12,611 Rupee image6,324 Rupee image18,935 Rupee image11,20,053
Dec Rupee image12,681 Rupee image6,254 Rupee image18,935 Rupee image11,07,372
16 Rupee image1,57,811 Rupee image69,408 Rupee image2,27,219 Rupee image9,49,560
Jan Rupee image12,752 Rupee image6,183 Rupee image18,935 Rupee image10,94,620
Feb Rupee image12,823 Rupee image6,112 Rupee image18,935 Rupee image10,81,797
Mar Rupee image12,895 Rupee image6,040 Rupee image18,935 Rupee image10,68,902
Apr Rupee image12,967 Rupee image5,968 Rupee image18,935 Rupee image10,55,935
May Rupee image13,039 Rupee image5,896 Rupee image18,935 Rupee image10,42,896
Jun Rupee image13,112 Rupee image5,823 Rupee image18,935 Rupee image10,29,784
July Rupee image13,185 Rupee image5,750 Rupee image18,935 Rupee image10,16,599
Aug Rupee image13,259 Rupee image5,676 Rupee image18,935 Rupee image10,03,340
Sep Rupee image13,333 Rupee image5,602 Rupee image18,935 Rupee image9,90,007
Oct Rupee image13,407 Rupee image5,528 Rupee image18,935 Rupee image9,76,600
Nov Rupee image13,482 Rupee image5,453 Rupee image18,935 Rupee image9,63,118
Dec Rupee image13,557 Rupee image5,377 Rupee image18,934 Rupee image9,49,560
17 Rupee image1,68,716 Rupee image58,504 Rupee image2,27,220 Rupee image7,80,844
Jan Rupee image13,633 Rupee image5,302 Rupee image18,935 Rupee image9,35,927
Feb Rupee image13,709 Rupee image5,226 Rupee image18,935 Rupee image9,22,218
Mar Rupee image13,786 Rupee image5,149 Rupee image18,935 Rupee image9,08,432
Apr Rupee image13,863 Rupee image5,072 Rupee image18,935 Rupee image8,94,569
May Rupee image13,940 Rupee image4,995 Rupee image18,935 Rupee image8,80,629
Jun Rupee image14,018 Rupee image4,917 Rupee image18,935 Rupee image8,66,611
July Rupee image14,096 Rupee image4,839 Rupee image18,935 Rupee image8,52,515
Aug Rupee image14,175 Rupee image4,760 Rupee image18,935 Rupee image8,38,340
Sep Rupee image14,254 Rupee image4,681 Rupee image18,935 Rupee image8,24,086
Oct Rupee image14,334 Rupee image4,601 Rupee image18,935 Rupee image8,09,752
Nov Rupee image14,414 Rupee image4,521 Rupee image18,935 Rupee image7,95,338
Dec Rupee image14,494 Rupee image4,441 Rupee image18,935 Rupee image7,80,844
18 Rupee image1,80,374 Rupee image46,844 Rupee image2,27,218 Rupee image6,00,470
Jan Rupee image14,575 Rupee image4,360 Rupee image18,935 Rupee image7,66,269
Feb Rupee image14,657 Rupee image4,278 Rupee image18,935 Rupee image7,51,612
Mar Rupee image14,738 Rupee image4,197 Rupee image18,935 Rupee image7,36,874
Apr Rupee image14,821 Rupee image4,114 Rupee image18,935 Rupee image7,22,053
May Rupee image14,903 Rupee image4,031 Rupee image18,934 Rupee image7,07,150
Jun Rupee image14,987 Rupee image3,948 Rupee image18,935 Rupee image6,92,163
July Rupee image15,070 Rupee image3,865 Rupee image18,935 Rupee image6,77,093
Aug Rupee image15,154 Rupee image3,780 Rupee image18,934 Rupee image6,61,938
Sep Rupee image15,239 Rupee image3,696 Rupee image18,935 Rupee image6,46,699
Oct Rupee image15,324 Rupee image3,611 Rupee image18,935 Rupee image6,31,375
Nov Rupee image15,410 Rupee image3,525 Rupee image18,935 Rupee image6,15,966
Dec Rupee image15,496 Rupee image3,439 Rupee image18,935 Rupee image6,00,470
19 Rupee image1,92,837 Rupee image34,381 Rupee image2,27,218 Rupee image4,07,633
Jan Rupee image15,582 Rupee image3,353 Rupee image18,935 Rupee image5,84,888
Feb Rupee image15,669 Rupee image3,266 Rupee image18,935 Rupee image5,69,218
Mar Rupee image15,757 Rupee image3,178 Rupee image18,935 Rupee image5,53,462
Apr Rupee image15,845 Rupee image3,090 Rupee image18,935 Rupee image5,37,617
May Rupee image15,933 Rupee image3,002 Rupee image18,935 Rupee image5,21,684
Jun Rupee image16,022 Rupee image2,913 Rupee image18,935 Rupee image5,05,662
July Rupee image16,112 Rupee image2,823 Rupee image18,935 Rupee image4,89,550
Aug Rupee image16,202 Rupee image2,733 Rupee image18,935 Rupee image4,73,349
Sep Rupee image16,292 Rupee image2,643 Rupee image18,935 Rupee image4,57,057
Oct Rupee image16,383 Rupee image2,552 Rupee image18,935 Rupee image4,40,674
Nov Rupee image16,474 Rupee image2,460 Rupee image18,934 Rupee image4,24,199
Dec Rupee image16,566 Rupee image2,368 Rupee image18,934 Rupee image4,07,633
20 Rupee image2,06,162 Rupee image21,057 Rupee image2,27,219 Rupee image2,01,471
Jan Rupee image16,659 Rupee image2,276 Rupee image18,935 Rupee image3,90,974
Feb Rupee image16,752 Rupee image2,183 Rupee image18,935 Rupee image3,74,222
Mar Rupee image16,845 Rupee image2,089 Rupee image18,934 Rupee image3,57,377
Apr Rupee image16,940 Rupee image1,995 Rupee image18,935 Rupee image3,40,437
May Rupee image17,034 Rupee image1,901 Rupee image18,935 Rupee image3,23,403
Jun Rupee image17,129 Rupee image1,806 Rupee image18,935 Rupee image3,06,274
July Rupee image17,225 Rupee image1,710 Rupee image18,935 Rupee image2,89,049
Aug Rupee image17,321 Rupee image1,614 Rupee image18,935 Rupee image2,71,728
Sep Rupee image17,418 Rupee image1,517 Rupee image18,935 Rupee image2,54,310
Oct Rupee image17,515 Rupee image1,420 Rupee image18,935 Rupee image2,36,795
Nov Rupee image17,613 Rupee image1,322 Rupee image18,935 Rupee image2,19,183
Dec Rupee image17,711 Rupee image1,224 Rupee image18,935 Rupee image2,01,471
21 Rupee image2,01,471 Rupee image6,812 Rupee image2,08,283 Rupee image0
Jan Rupee image17,810 Rupee image1,125 Rupee image18,935 Rupee image1,83,662
Feb Rupee image17,909 Rupee image1,025 Rupee image18,934 Rupee image1,65,752
Mar Rupee image18,009 Rupee image925 Rupee image18,934 Rupee image1,47,743
Apr Rupee image18,110 Rupee image825 Rupee image18,935 Rupee image1,29,633
May Rupee image18,211 Rupee image724 Rupee image18,935 Rupee image1,11,422
Jun Rupee image18,313 Rupee image622 Rupee image18,935 Rupee image93,109
July Rupee image18,415 Rupee image520 Rupee image18,935 Rupee image74,694
Aug Rupee image18,518 Rupee image417 Rupee image18,935 Rupee image56,176
Sep Rupee image18,621 Rupee image314 Rupee image18,935 Rupee image37,555
Oct Rupee image18,725 Rupee image210 Rupee image18,935 Rupee image18,830
Nov Rupee image18,830 Rupee image105 Rupee image18,935 Rupee image0
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Home Loan EMI Calculation

Loan Amount Rs. 25,00,000
Interest Rate 6.70% p.a.
Tenure 20 Year
EMI Rs. 18,935
Total Interest Due Rs. 20,44,365
Total Amount Payable Rs. 45,44,365

The loan amount required to buy or construct your dream home is offered at an attractive home loan interest rate provided you fulfil the eligibility criteria laid down by the respective lender. Here, we have compiled a table wherein the lowest interest rate and the EMI (Equated Monthly Installments) payable by you for every lakh is calculated with above calculator.

Home Loan EMI Calculation per Lakh for All Banks

Banks EMI per Lakh Interest
SBI Home Loan EMI  ₹ 662 6.95%
HDFC Home Loan EMI ₹ 662 6.95%
ICICI Home Loan EMI ₹ 662 6.95%
Axis Home Loan EMI ₹ 716 7.75%
LIC Home Loan EMI ₹ 659 6.90%
CBI Home Loan EMI ₹ 655 6.85%
BoI Home Loan EMI ₹ 655 6.85%
BoB Home Loan EMI ₹ 655 6.85%
Canara Home Loan EMI ₹ 659 6.90%
Bank of Maharashtra Home Loan EMI  ₹ 669 7.05%
Union Bank Home Loan EMI  ₹ 672 7.10%
DBS Bank Home Loan EMI  ₹ 686 7.30%
Kotak Home Loan EMI ₹ 692 7.40%
IOB Home Loan EMI ₹ 696 7.45%
Citibank Home Loan EMI ₹ 699 7.50%
South Indian Bank Home Loan EMI ₹ 713 7.70%
IDBI Home Loan EMI ₹ 720 7.80%
UCO Home Loan EMI ₹ 723 7.85%
HSBC Home Loan EMI ₹ 730 7.95%
UBI Home Loan EMI ₹ 645 6.70%
IDFC First Home Loan EMI ₹ 734 8.00%
Federal Home Loan EMI ₹ 744 8.15%
Karur Vysya Home Loan EMI ₹ 748 8.20%
Dhanalakshmi Bank Home Loan EMI ₹ 751 8.25%
Karnataka Bank Home Loan EMI ₹ 758 8.35%
Tata Capital Home Loan EMI ₹ 769 8.50%
Tamilnad Mercantile Bank ₹ 780 8.65%
IIFL Home Loan EMI ₹ 783 8.70%
Bandhan Bank Home Loan EMI ₹ 787 8.75%
PNB Housing Loan EMI ₹ 794 8.85%
Standard Chartered Home Loan EMI ₹ 795 8.86%
DHFL Home Loan EMI ₹ 841 9.50%

Note: The EMI/lakh is calculated after taking into account the following variables - Loan amount - ₹ 1 lakh, repayment tenure - 30 years, Interest rate as mentioned in the table and the processing fee as 0.35 percent

What is Home Loan EMI Calculation Formula?

Formula for Home Loan EMI Calculation:EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,

E: Equated Monthly Installment,
P: Principal or loan amount,
r: Interest rate per month (the annual interest rate is divided by 12 to get the monthly interest rate), and
n: Number of monthly instalments or loan tenure in months.
*This formula doesn’t include the home loan processing fee charged by the bank.

Home Loan EMI Calculation with Example

Mr. Patra borrowed a home loan amount of ₹ 3,500,000 (Principal amount or P) from a reputed bank. The rate of interest (R) associated with the loan stands at 8.65% p.a. The tenure of the loan (N) is 360 months for 30 yea₹

After you apply the formula to calculate your home loan EMI, the monthly instalment amount comes up to ₹ 27,285.

P = 3,500,000
R = 8.65%
N = 30 years or 360 Months

Interest Rate Applied = 8.65%

Monthly EMI = Rs 27,285

EMI Paid For the Year = Rs 27,285 * 12= Rs 327,419

How to Calculate Home Loan EMI Using Excel Sheet?

Calculation of home loan EMI is a simple method using an excel spreadsheet. In order to do so, three variable of a housing loan is utilised, namely, rate of interest, period, and loan amount. It must be noted that the rate of interest should be calculated on a monthly basis.

For example, if the rate of interest is 12%, it should be calculated as 12%/12 = 1%. The period represents the total number of EMI payable.

In order to calculate EMI, click on the “=” symbol, type ‘PMT(the rate of interest, period, loan amount)’, and click enter. The excel sheet will the produce an amount in a negative value. This indicates the cash flow that the borrower will have to incur. This is the EMI that a home loan borrower would have to pay.

For example if your loan amount is ₹ 5 lakh for 2 years at 12% p.a., the formula to calculate EMI is as follows.

=PMT(12%/12, 24, 500000)

What are the Benefits of Home Loan EMI Calculator?

There are many advantages of using the EMI calculation tool provided by BankBazaar. They are listed below:

  • Easy process: You only have to enter the loan amount, interest rate, processing fee (if available), and tenure. No complicated calculations or difficult mathematics. The actual computation will be taken care of by the calculator.
  • Get the breakup of the finance charges: This tool helps you understand the financial charges such as total interest payable, and processing fee value associated with your EMI. Since banks and financial institutes present them as a percentage of the loan amount, knowing the actual value can help understand the true cost of the loan.
  • Comparing loan offers: You can use the loan calculator to compare loan offers from various banks. The results will show you the total cost of each loan along with their respective EMIs. This will help you narrow down on the most feasible option.
  • Choosing the right tenure: Knowing your EMI also helps you choose the right tenure of the loan. If you can afford to pay a higher EMI, you can choose a shorter loan period and pay off your loan at the earliest. Otherwise, you can pay a more comfortable EMI and extend your loan period.
  • Helps in validating information: If you are negotiating a housing loan deal with a bank, you can verify the repayment schedule it provides. The repayment table details from the calculator can help you verify this. Do keep in mind that the numbers may sometimes differ. This is because lenders may also include certain other fees and charges in your EMI calculation.
  • Helps with loan management: Sometimes, while paying your EMIs, you may have some extra funds to make prepayments. If you want to revisit the financials and see how prepayments can help to pay off the loan before the term ends, the home loan EMI calculator can help you do that.

What Factors Affect Your Home Loan EMI?

When calculating your EMI, the calculator includes all the parameters that impact it. Let’s take a look at the various factors that impact your monthly repayments:

  • Principal: The principal is the loan amount you initially borrow from the lender. It is directly proportional to your EMI. Higher the loan amount, higher the EMI.
  • Interest Rate: The interest rate is what you pay for borrowing the loan. In short, it shows you the cost of your loan. It differs from one bank to another. The higher the interest rate, the higher the EMI will be. Finding a lender that offers you the lowest interest rates can help you lower your EMIs. The lower the interest rate, the lower the total cost of your loan will be.
  • Tenure: The time you take to repay the amount you borrow is called tenure or the period of the loan. The tenure is inversely proportional to your EMI. The longer the loan tenure, the lower your EMI. The loan tenure is determined based on your age at the time of borrowing and your retirement age. The longest loan tenure offered banks in India is 30 yea₹
  • Processing Fee: This value is a percentage of your loan amount or a minimum or maximum fee decided by the lender. It is the fee that the bank charges to process your loan application. You can know about this amount from your loan documents. At least a part of this fee will be payable at the time of application. And your lender may not refund this amount even if your application is rejected.
  • Prepayments: As mentioned earlier, making prepayments on your property loan can help you reduce the outstanding principal. This, in turn, reduces your interest charges. And both together contribute to reducing your EMIs if you prefer to keep the tenure constant.

What is Flexible and Fixed Home Loan EMIs?

Your housing loan EMI is usually a fixed amount. But there are certain circumstances under which it can change. Let’s take a look at some of these instances:

Flexible EMIs: If you have opted for flexible EMIs such as in the case of step-up or step-down property loans, then there will be a change in your loan EMIs. In the case of step-up loans, your EMI will gradually increase over the tenure. In the case of step-down loans, your EMIs will decrease as time passes.

Partly Disbursed Loan: In the case of partly disbursed loans, the pre-EMIs will increase with each disbursement.

Loan Prepayment: Prepayments impact your EMIs as well. You can either choose to reduce the EMI for the same loan tenure or reduce the loan tenure and keep the EMIs constant. The latter is more beneficial since you will pay lesser interest.

Rise in the floating interest rate: Whenever the repo rate changes, the floating rate of interest also changes. If the floating rate increases, the lender will normally increase the loan tenure while keeping your EMI the same. If the new tenure exceeds the maximum period permitted, then the bank may increase your EMI.

What is a Home Loan Pre-EMI?

In some cases, the lender will disburse the loan amount in stages. When this happens, you have to start paying your EMI only when you get the final amount and the whole loan has been disbursed. Till this date, you have to pay only the interest applicable on the partly disbursed amounts. This is known as pre-EMI. Once the loan gets fully disbursed, the pre-EMIs will stop and you have to start paying your regular EMIs.

However, a wiser option would be to opt for a full EMI payment as it ensures that you have already paid down a portion of the remaining loan amount at the time of possession.

What are the Tax Benefits of Paying Home Loan EMIs?

Taking a loan to buy a house can be expensive, but it also has certain benefits, especially when it comes to taxes. The government offers tax reliefs via the Income Tax Act, 1961 on the EMIs you pay every year. These are as follows:

  • Section 80C: You can claim a tax deduction of up to ₹ 1.5 lakh every year on the principal amounts paid towards your property loan.
  • Section 24: Under this section, you can claim a deduction of up to ₹ 2 lakh on the interest component you pay each year.
  • Section 80EE: Under this section, you can claim an additional interest amount of up to ₹ 50,000 per year. This is over and above the amounts mentioned in Sections 80C and 24. This deduction is subject to certain terms and conditions.

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Home Loan EMI News Headings

  • EMIs for Housing Loans: Government to put in compliance

    A few days after the state government had ordered the accounts department to supervise the repayment of all loans which had been taken under the House Building Advance scheme (HBA), the department has urged the government departments and also the agencies to submit their self- certification reflecting the compliance.

    This month, it had been reported that a lot of the departments had deducted the amount of the EMIs from the employees’ salaries for the repayment of HBA home loans. However, they had failed to deposit these funds with the bank. The government has ordered all departments to be responsible for the repayment of the HBA loan.

    25 September 2020

  • EMI deferments on home loan from banks may be a part of loan restructuring

    For home loan borrowers, due to the COVID-19 lockdown, banks may offer further EMI deferment on home loans as a part of their loan restructuring. This may happen after 31 August after the moratorium granted by the Reserve Bank of India ends.

    The restructuring of loans would be applicable on the loans of which the overall tenure does not extend by more than 2 years, after relaxing the repayment schedule, according to reports.

    However, the banks may offer EMI deferment for a few more months if the borrower has suffered a loss of pay during the COVID-19 pandemic. For some cases, to help individuals, step-up EMIs will be allotted which have a lower payout for 2 years to make up for the reduction in salary.

    According to sources, banks will not be able to provide the best rates for home loans as an additional provision of 10% will be applicable on restructured loans. Hence, restructured loans will have an interest rate of 30 bps higher than normal.

    20 August 2020

  • Will the RBI extend moratorium on loans and EMIs? - Here’s what experts are saying

    As notified earlier, the banks and other lending institutions were earlier provided by the Reserve Bank of India (RBI) to offer a moratorium period for loans and EMIs. As per the latest notification, the moratorium deadline ends on 31 August 2020.

    As per a report published in Business Standard, the banking sector is not very sure about the possibility of another extension in terms of the moratorium. As per data sourced from India Today, the banking industry is currently not very keen on extending the moratorium period further for fixed term loans and EMIs. This comes as the banks are of the opinion that another extension might take a heavy toll on the asset quality of the banks. The Business Standard report also mentioned the SBI Chairman Rajnish Kumar has said that the further relaxation and allowance of deferment of payments will not be necessary. He cited the initial estimates of the bank about the deterioration of the bank’s asset quality.

    23 July 2020

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