Calculator
Home Loan EMI Calculator
Adjust the loan amount, interest rate and tenure to see how your monthly instalment and total interest change. Results are indicative estimates.
Estimated monthly EMI
₹34,713
This EMI is an indicative estimate calculated on a reducing balance basis. Actual interest rates, charges and repayment terms are determined by the lender as per its prevailing policy.
How It Works
How the EMI is calculated
The calculator uses the standard reducing-balance EMI formula used by lenders.
EMI = P × r × (1 + r)n ÷ [(1 + r)n − 1], where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments.
In the early years, a larger share of each instalment goes toward interest. As the outstanding principal reduces, the interest component falls and the principal component rises. This is why prepayments made early reduce total interest the most.
The calculation here does not include processing fees, insurance premiums, stamp duty, registration charges or any statutory costs. Floating-rate loans will also change over time as the benchmark rate moves.
Important note on estimates
The output of this calculator is an indicative estimate for planning purposes only. It is not a quotation, an offer or a sanction. The applicable interest rate, eligibility, charges and repayment terms are determined solely by the relevant financial institution as per its prevailing policies at the time of your application.
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