Home Loan EMI Calculator
Calculate your home loan EMI, total interest, tax benefits, and full amortization schedule.
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Home Loan EMI Calculator visual insights
Monthly EMI
₹21.70 K
Total Interest
₹27.07 L
How to Use This Calculator
Enter Amount
Set your loan amount or investment using the slider or input field.
Set Rate & Tenure
Adjust the interest rate and time period to match your scenario.
Get Results
See your EMI, total interest, and full payment breakdown instantly.
Share & Plan
Share the result link or download the amortization schedule as PDF.
About Home Loan EMI Calculator
Home Loan EMI Calculator helps you compare EMI, interest outgo, repayment amount, and loan affordability using India-focused assumptions and INR formatting. Calculate your home loan EMI, total interest, tax benefits, and full amortization schedule.
This tool is useful for borrowers in India planning home loans, personal loans, vehicle loans, education loans, and credit-card repayments. It is designed for quick planning before comparing bank offers, investment options, tax choices, or scheme rules with a qualified professional.
The calculations are tailored for users in India and use Indian number formatting, rupee values, and locally relevant finance terms wherever applicable.
Results are estimates for education and planning. Final decisions should use official documents, lender statements, scheme rules, tax notices, or advice from a qualified professional.
Frequently Asked Questions
How is home loan EMI calculated?
EMI = [P × r × (1+r)^n] / [(1+r)^n − 1], where P is principal, r is monthly interest rate, and n is tenure in months.
What is the EMI for ₹25 lakh home loan at 8.5% for 20 years?
The monthly EMI for a ₹25 lakh home loan at 8.5% p.a. for 20 years is approximately ₹21,696.
What is the minimum CIBIL score for a home loan?
Most banks require a CIBIL score of 700+ for home loans. A score of 750+ typically unlocks the lowest interest rates.
Can I prepay my home loan? Are there charges?
Yes, as per RBI guidelines banks cannot charge prepayment penalty on floating-rate home loans for individual borrowers. Fixed-rate loans may carry a 2-3% prepayment charge.
What tax benefits can I claim on home loan?
Under the old regime you can claim up to ₹1.5 lakh on principal under Section 80C and up to ₹2 lakh on interest under Section 24(b) for a self-occupied property.
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Methodology & Formulas
All formulas used here comply with RBI guidelines and standard Indian financial conventions. Calculators are updated for FY 2026–27.
Last updated: April 2026