Home Loan EMI Calculator
Calculate home loan EMI with accurate interest calculations and comprehensive loan analysis
Calculate Your Home Loan EMI
Total value of the property you want to buy
Initial payment you'll make (20.0% of property value)
Annual interest rate offered by the bank
Duration of the loan (240 months total)
Bank processing fee: ₹0
Loan Summary
Property Value
₹50,00,000
Down Payment
₹10,00,000
Loan Amount
₹40,00,000
Loan-to-Value Ratio
80.0%
Home Loan EMI Results
| Monthly EMI | ₹34,713 |
| Principal Loan Amount | ₹40,00,000 |
| Total Interest Payable | ₹43,31,103 |
| Total Amount Payable | ₹83,31,103 |
| Processing Fee | ₹0 |
| Total Cost of Property | ₹93,31,103 |
| Loan-to-Value Ratio | 80.0% |
Home Loan Analysis
Down Payment Ratio
20.0%
Interest vs Principal
108.3%
Monthly Interest Rate
0.708%
Monthly Payment Schedule (First 12 Months)
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹34,713 | ₹6,380 | ₹28,333 | ₹39,93,620 |
| 2 | ₹34,713 | ₹6,425 | ₹28,288 | ₹39,87,195 |
| 3 | ₹34,713 | ₹6,470 | ₹28,243 | ₹39,80,725 |
| 4 | ₹34,713 | ₹6,516 | ₹28,197 | ₹39,74,209 |
| 5 | ₹34,713 | ₹6,562 | ₹28,151 | ₹39,67,647 |
| 6 | ₹34,713 | ₹6,609 | ₹28,104 | ₹39,61,038 |
| 7 | ₹34,713 | ₹6,656 | ₹28,057 | ₹39,54,382 |
| 8 | ₹34,713 | ₹6,703 | ₹28,010 | ₹39,47,679 |
| 9 | ₹34,713 | ₹6,750 | ₹27,963 | ₹39,40,929 |
| 10 | ₹34,713 | ₹6,798 | ₹27,915 | ₹39,34,131 |
| 11 | ₹34,713 | ₹6,846 | ₹27,867 | ₹39,27,285 |
| 12 | ₹34,713 | ₹6,895 | ₹27,818 | ₹39,20,390 |
Green = Principal payment, Orange = Interest payment
Yearly Payment Summary (First 5 Years)
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| Year 1 | ₹79,610 | ₹3,36,946 | ₹39,20,390 |
| Year 2 | ₹86,647 | ₹3,29,909 | ₹38,33,743 |
| Year 3 | ₹94,306 | ₹3,22,250 | ₹37,39,437 |
| Year 4 | ₹1,02,641 | ₹3,13,915 | ₹36,36,796 |
| Year 5 | ₹1,11,714 | ₹3,04,842 | ₹35,25,082 |
About Home Loans
Secured loan against property value
Typically requires 10-20% down payment
Interest rates range from 7-12% annually
Tenure typically 15-30 years
Quick EMI Examples
₹50 Lakh @ 8.5% for 20 years
EMI: ₹43,391/month
₹75 Lakh @ 9% for 25 years
EMI: ₹62,931/month
₹1 Crore @ 8% for 30 years
EMI: ₹73,376/month
₹1.5 Crore @ 8.5% for 25 years
EMI: ₹1,18,793/month
Approximate EMIs for common home loan scenarios
Home Loan Tips
Maintain good credit score (750+)
Keep EMI below 40% of monthly income
Compare rates from multiple lenders
Consider prepayment to reduce tenure
Factor in registration and legal costs
Understanding Home Loan EMI
What is Home Loan EMI?
EMI (Equated Monthly Installment) is the fixed monthly payment you make to the bank for your home loan. It includes both principal repayment and interest charges, calculated to ensure the loan is fully paid off by the end of the tenure.
Key Components
- •Property Value: Total cost of the property
- •Down Payment: Your upfront contribution
- •Loan Amount: Property value minus down payment
- •Interest Rate: Annual rate charged by lender
EMI Calculation Formula
EMI = P × r × (1+r)^n / ((1+r)^n - 1)
- P: Principal loan amount
- r: Monthly interest rate (Annual rate ÷ 12)
- n: Number of monthly installments
Important Ratios
Loan-to-Value (LTV): Loan amount ÷ Property value
Debt-to-Income: EMI ÷ Monthly income
Down Payment: Typically 10-20% of property value