Home Loan EMI Calculator
See the EMI and total interest on your home loan, year by year.
Works in your browser. Nothing you type is sent to us.
Principal - Interest -
| Year | Principal paid | Interest paid | Balance left | Paid off |
|---|
Worked out in your browser with the standard reducing-balance formula. Nothing you type is sent to us. Your lender's figure can differ slightly with fees and day-count rules.
Home Loan EMI Calculator at a glance
- Price
- Free
- Data sent to us
- None, it runs in your browser
- Sign-up
- Not needed
- Method
- Reducing balance, monthly
- Terms
- 1 month to 100 years
- Export
- CSV, month by month
How to use Home Loan EMI Calculator
- Enter the loanType the amount you will borrow, the yearly interest rate and the term.
- Read the EMIThe monthly EMI, total interest and total payment appear at once.
- Check the scheduleScroll the year-by-year table, or download the month-by-month schedule as a CSV.
Type the home loan amount, the rate your bank offers and the term to see the monthly EMI, the total interest and the year-by-year schedule, in lakhs and crores. Try 15, 20 and 30 years to see how the term changes both the EMI and the interest, or a lower rate to judge a balance transfer.
How it works
Home Loan EMI Calculator is a web page that does its work on your own device. Everything you type or choose is worked out by your browser and never sent to a server, so nothing is stored and there is nothing to delete. There is no account, no sign-up and no limit on how often you use it.
Choosing a term
A longer term lowers the EMI but raises the total interest sharply. Many borrowers pick the shortest term whose EMI stays within about 40% of take-home pay, then prepay when they can.
Questions
Does it include the home loan tax benefit?
No. Tax deductions on principal and interest depend on your regime and income; ask your tax adviser.
Other shortcuts
EMI Calculator · Car Loan EMI Calculator · Loan Payment Calculator
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