Home Loan EMI Calculator
Your EMI, the Equated Monthly Instalment, is the fixed amount you repay each month on a home loan. Indian banks calculate it on a reducing-balance basis, so early instalments are mostly interest and later ones mostly principal. Enter your loan amount and rate in rupees to see your EMI and full schedule.
Your numbers
Loan balance over time
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Amortization schedule
Every payment, split into principal and interest. Export it or print a copy.
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 2026 | ₹45,328 | ₹209,181 | ₹4,754,672 |
| 2027 | ₹96,805 | ₹412,213 | ₹4,657,867 |
| 2028 | ₹105,623 | ₹403,394 | ₹4,552,244 |
| 2029 | ₹115,245 | ₹393,772 | ₹4,436,999 |
| 2030 | ₹125,743 | ₹383,274 | ₹4,311,256 |
| 2031 | ₹137,198 | ₹371,819 | ₹4,174,057 |
| 2032 | ₹149,696 | ₹359,321 | ₹4,024,361 |
| 2033 | ₹163,333 | ₹345,684 | ₹3,861,028 |
| 2034 | ₹178,212 | ₹330,805 | ₹3,682,816 |
| 2035 | ₹194,446 | ₹314,571 | ₹3,488,370 |
| 2036 | ₹212,160 | ₹296,858 | ₹3,276,210 |
| 2037 | ₹231,486 | ₹277,531 | ₹3,044,724 |
| 2038 | ₹252,574 | ₹256,443 | ₹2,792,150 |
| 2039 | ₹275,582 | ₹233,435 | ₹2,516,568 |
| 2040 | ₹300,687 | ₹208,331 | ₹2,215,881 |
| 2041 | ₹328,078 | ₹180,939 | ₹1,887,803 |
| 2042 | ₹357,965 | ₹151,053 | ₹1,529,838 |
| 2043 | ₹390,574 | ₹118,444 | ₹1,139,265 |
| 2044 | ₹426,153 | ₹82,864 | ₹713,112 |
| 2045 | ₹464,974 | ₹44,043 | ₹248,138 |
| 2046 | ₹248,138 | ₹6,371 | ₹0 |
The reducing-balance method, in plain terms
Indian home loans use reducing-balance interest: each month you are charged interest only on the outstanding principal, not the original amount. Your EMI stays fixed, but as the balance falls, the interest portion shrinks and the principal portion grows. The formula is the standard one, EMI = P·r·(1+r)n / ((1+r)n − 1), where r is the monthly rate and n the number of months.
Most Indian home-loan rates are floating, tied to the RBI repo rate, so your EMI or your tenure can change when the RBI moves. This calculator shows a fixed-rate view, which is the right starting point for planning.
Prepaying is your biggest lever
Floating-rate home loans in India carry no prepayment penalty for individual borrowers, so every rupee you prepay goes straight to principal and cuts the interest on every remaining month. A single prepayment in the early years, when the balance is highest, saves the most. Use the extra-payment fields to see the effect on your total interest and tenure.
Home loan tax benefits, briefly
Home loans can bring tax deductions under the old regime: interest under Section 24(b), principal under Section 80C, and, for eligible first-time buyers, additional interest under Section 80EEA. Limits and eligibility change, and the new tax regime treats them differently, so treat this as background and confirm the current rules with a qualified advisor. Nothing here is tax advice.