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🏠 Finance Tools

Home Loan Calculator

Calculate your monthly mortgage EMI, total interest payable, and see a full amortization schedule. Pre-filled with typical home loan rates.

Home LoanCar LoanPersonal LoanBusiness Loan

Loan Details

₹10K₹1 Cr
8.5%
1%24%
20 years
1 yr30 yrs

Monthly EMI

₹43,391.16

Total Payment

₹1,04,13,879

Total Interest

₹54,13,879

Payment Breakdown

Principal (48%)Interest (52%)

Amortization Schedule

How to calculate your home loan EMI

Get your monthly mortgage payment and full amortization schedule in four steps.

  1. 01

    Enter the loan amount

    Type the home loan amount. This is the property price minus your down payment. For example, if the property costs ₹80L and you pay ₹20L down, enter ₹60L.

  2. 02

    Set the interest rate

    Enter the annual interest rate quoted by your bank or lender. Home loan rates in India typically range from 8% to 9.5% p.a. for floating rate loans.

  3. 03

    Choose the loan tenure

    Select the repayment period. Home loans can go up to 30 years. A longer tenure reduces your EMI but increases total interest paid.

  4. 04

    Review EMI and total interest

    The calculator instantly shows your monthly EMI, total amount payable, and total interest. Open the amortization table to see the month-by-month breakdown.

What can you use it for?

From first-time buyers to seasoned investors, here are the most common use cases.

First-time home buyers

Estimate your monthly EMI before applying so you know exactly how much of your salary will go toward the loan repayment.

Comparing bank offers

Run the calculator with different interest rates from different banks to see how much you save over the full tenure with a lower rate.

Down payment planning

Adjust the loan amount to see how a larger down payment reduces your EMI and total interest, helping you decide how much to put down.

Tenure optimisation

Compare a 15-year vs 20-year vs 30-year tenure to find the right balance between a manageable EMI and minimising total interest.

Prepayment impact

Use the amortization table to understand how much principal is outstanding at any point, helping you plan lump-sum prepayments.

Joint home loan planning

Calculate the combined EMI for a joint loan with a spouse or co-applicant to check affordability against your combined income.

Frequently asked questions

Common questions about home loans, mortgage EMI, and how to use the results.

Home loan interest rates in India typically range from 8% to 9.5% p.a. for floating rate loans (as of 2024–25). Rates vary by lender, credit score, and loan amount. Check with your bank for the latest rate.
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of months. This calculator uses this standard formula.
Most banks offer home loans for up to 30 years. The maximum tenure depends on your age at the time of application, typically the loan must be repaid before you turn 70.
Most lenders allow an EMI of up to 40–50% of your net monthly income. For example, if your salary is ₹1L/month, you may be eligible for an EMI of ₹40,000–₹50,000, which corresponds to a loan of roughly ₹40–50L at 8.5% for 20 years.
A fixed rate stays the same throughout the tenure, giving predictable EMIs. A floating rate changes with market conditions (linked to RBI repo rate or MCLR), which can lower or raise your EMI over time. Most home loans in India are floating rate.
No. The calculator shows the EMI based on principal, rate, and tenure only. Actual costs include processing fees (0.25–1%), stamp duty, registration charges, and insurance, add these to your total budget.
No. All calculations run entirely in your browser. Your financial details are never uploaded or stored anywhere.
Yes. The calculator is fully responsive and works on any smartphone or tablet, including the amortization schedule table.
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