Plan your home loan with ease. Calculate your monthly EMI based on your loan amount, tenure and interest rate.
Monthly EMI
Years
Loan Amount: ₹50,00,000
Tenure: 20 yearsInterest Rate: 8.5%
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Your EMI (Equated Monthly Instalment) is the fixed amount you pay to the bank every month until your home loan is fully repaid. It is calculated using the standard formula EMI = P × R × (1 + R)N / [(1 + R)N − 1], where P is the loan amount, R is the monthly interest rate (annual rate ÷ 12 ÷ 100) and N is the tenure in months.
Each EMI is split between interest and principal. In the early years a larger share goes towards interest; as the outstanding balance reduces, more of every payment goes towards the principal. The payment breakdown chart above shows how much principal and interest is still left to repay at the start of each year, so you can see how a longer tenure lowers the EMI but increases the total interest you pay. Actual EMIs may vary slightly based on your lender's processing fees and rate revisions.