Are you planning to take a home loan and want to know your monthly EMI? Use our Home Loan EMI Calculator to calculate your exact monthly payment, total interest payable, and the total cost of your loan within seconds.
Whether you’re buying your first home or refinancing an existing loan, our EMI calculator makes it easier to plan your finances confidently.
Monthly Loan EMI
₹
Total Interest Payable
₹
Total Payment
(Principal + Interest)
₹
🔢 What is a Home Loan EMI?
EMI (Equated Monthly Installment) is the fixed monthly amount you pay to repay your home loan. It includes both principal and interest components. The EMI depends on three main factors:
- Loan Amount
- Interest Rate
- Loan Tenure
Our Home Loan EMI Calculator uses these inputs to instantly show your EMI, total interest outgo, and total payment.
🧮 How to Use the Home Loan EMI Calculator?
Using the calculator is very easy:
- Enter the loan amount you plan to borrow
- Choose the interest rate offered by your bank or lender
- Select the loan tenure in months or years
- Click “Calculate” to see:
- Monthly EMI
- Total interest payable
- Total amount payable (principal + interest)
You can adjust the values to compare different loan options quickly.
📊 Why Use Our Home Loan EMI Calculator?
- ✅ Instant results – No manual calculations
- ✅ Plan better – Know how much EMI you’ll pay
- ✅ Compare lenders – Choose the most affordable option
- ✅ Free to use – No login or signup required
📝 Example Calculation
Suppose you take a ₹40 lakh home loan at an interest rate of 8.5% for 20 years. Your approximate EMI would be ₹34,677 per month, and the total interest payable would be around ₹43.22 lakhs.
You can tweak the loan amount, rate, or tenure to get the most affordable plan for you.
📌 Things to Keep in Mind:
- A lower interest rate reduces your EMI.
- A longer loan tenure means lower EMIs but higher total interest.
- Try to make prepayments whenever possible to reduce your interest burden.
🏦 Compatible with All Indian Banks
Our Home Loan EMI Calculator works for all major Indian banks like:
- SBI
- HDFC
- ICICI Bank
- Axis Bank
- PNB
- Bank of Baroda, and more.
💬 Final Thoughts
Before applying for a housing loan, use our Home Loan EMI Calculator to check your EMI affordability. This tool helps you make smarter decisions and avoid financial stress later.
👉 Try it now and plan your dream home the smart way!