🏠 Home Loan EMI Calculator

Calculate your Home Loan EMI instantly with our free online calculator. Get detailed payment schedule, total interest payable and plan your property purchase effectively.

Home Loan Details

₹75,00,000
₹5L ₹5Cr
20%
₹0 ₹50L
₹60,00,000
Property Value - Down Payment
%
6% 15%
Years
5Y 30Y

Home Loan EMI Results

Monthly EMI

₹47,544

Total Interest Payable

₹84,26,329

Total Payment

₹1,44,26,329

Payment Breakdown

Principal: 41.6%
Interest: 58.4%

💡 Home Loan Insights

Your EMI is ₹47,544 per month. You'll pay ₹84,26,329 as interest over 25 years.
Recommended monthly income: ₹1,18,860 for comfortable repayment.

Annual Payment Schedule

Detailed Payment Schedule

Click on any year row to expand monthly details
Year/Month EMI Payment Principal Interest Balance

🏡 Home Loan Benefits

  • • Tax deduction on principal (80C)
  • • Tax deduction on interest (24b)
  • • Lower interest rates vs other loans
  • • Longer repayment tenure

💰 Save on Interest

  • • Make prepayments annually
  • • Choose shorter tenure if possible
  • • Consider floating rate options
  • • Compare rates from multiple banks

📋 Documentation

  • • Income proof & bank statements
  • • Property documents
  • • Identity & address proof
  • • Processing fee & charges

Home Loan EMI Calculator - Complete Guide

How Does Home Loan EMI Calculator Work?

Our Home Loan EMI Calculator helps you calculate the monthly installment for your home loan based on loan amount, interest rate, and tenure. The calculator considers property value, down payment, and automatically calculates the loan amount required.

Home Loan EMI Formula

EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]

Where P = Principal loan amount, r = Monthly interest rate, n = Number of months

Benefits of Using Home Loan EMI Calculator

  • • Plan Your Budget: Know exact monthly commitment before applying
  • • Compare Options: Evaluate different loan amounts and tenures
  • • Tax Planning: Understand interest payments for tax deductions
  • • Prepayment Planning: See impact of extra payments on total interest

Home Loan Eligibility Factors

Income Criteria

Minimum ₹25,000/month for salaried, ₹2L+ annual income for self-employed

Age Limit

21-65 years for salaried, 25-70 years for self-employed

Credit Score

Minimum 650+ for approval, 750+ for best rates

Down Payment

Minimum 10-20% of property value required