Free tool

Home Loan EMI Calculator

Updated for November 2026 rates

Move the sliders or type your numbers to see your monthly EMI, the total interest you will pay, and how much you save by paying one extra EMI a year.

How the EMI is calculated

EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments.

At 7.5% for 20 years, every ₹1 lakh you borrow costs about ₹806 a month. A ₹75 lakh loan is about ₹60,400 a month.

Ways to pay less interest

• Keep your credit score above 750 to get the best rates.
• Pay one extra EMI a year to cut several years off the loan.
• Pick the shortest tenure you can comfortably manage.
• Ask your bank for a rate review every year.

Read the full home loan EMI guide, plan your down payment, and check stamp duty on your flat.

Frequently asked questions

What is the EMI on a ₹50 lakh home loan?
At 7.5% for 20 years, about ₹40,280 a month. Over 25 years it falls to about ₹36,950, but you pay more interest.

Does a longer tenure save money?
No. A longer tenure lowers the EMI but increases the total interest you pay.

Is this calculator accurate?
It gives a close estimate for a standard reducing-balance home loan. Your bank's sanction letter will show the exact EMI, fees and any changes in rate.

For information only. Not financial advice.