Home Loan EMI Calculator
Your monthly EMI, total interest and balance each year -- plus what part-prepayments and a rate rise would do.
Enter your current rate. On a floating-rate loan this changes when your lender's benchmark changes.
Optional: part-prepayment
Paid on top of your EMI, straight towards the principal. Leave 0 for none.
EMI number 1 is your first instalment (for example, 12 = after your 12th EMI).
Your home loan
Monthly EMI
₹43,391
Total interest
₹54,13,879
Total you pay
₹1,04,13,879
Loan runs for
20 yr
If your rate rises
If a rate rise reaches your loan from the first EMI, your lender can either raise the EMI or keep it and run the loan longer. Both outcomes are shown for your loan.
| Rate rise | New rate | EMI if it rises | EMI increase | Or: extra months at the same EMI | Extra interest (same-EMI option) |
|---|---|---|---|---|---|
| +0.25% | 8.75% | ₹44,186 | +₹794 | 13 months | ₹5,39,574 |
| +0.5% | 9% | ₹44,986 | +₹1,595 | 28 months | ₹11,81,896 |
| +1% | 9.5% | ₹46,607 | +₹3,215 | 69 months | ₹29,75,207 |
Balance and interest paid so far
Year by year
| Year | Opening balance | Principal paid | Interest paid | Closing balance |
|---|---|---|---|---|
| 1 | ₹50,00,000 | ₹99,511 | ₹4,21,182 | ₹49,00,489 |
| 2 | ₹49,00,489 | ₹1,08,307 | ₹4,12,387 | ₹47,92,181 |
| 3 | ₹47,92,181 | ₹1,17,881 | ₹4,02,813 | ₹46,74,300 |
| 4 | ₹46,74,300 | ₹1,28,300 | ₹3,92,394 | ₹45,46,000 |
| 5 | ₹45,46,000 | ₹1,39,641 | ₹3,81,053 | ₹44,06,359 |
| 6 | ₹44,06,359 | ₹1,51,984 | ₹3,68,710 | ₹42,54,375 |
| 7 | ₹42,54,375 | ₹1,65,418 | ₹3,55,276 | ₹40,88,957 |
| 8 | ₹40,88,957 | ₹1,80,039 | ₹3,40,655 | ₹39,08,918 |
| 9 | ₹39,08,918 | ₹1,95,953 | ₹3,24,741 | ₹37,12,965 |
| 10 | ₹37,12,965 | ₹2,13,274 | ₹3,07,420 | ₹34,99,691 |
| 11 | ₹34,99,691 | ₹2,32,125 | ₹2,88,569 | ₹32,67,566 |
| 12 | ₹32,67,566 | ₹2,52,643 | ₹2,68,051 | ₹30,14,923 |
| 13 | ₹30,14,923 | ₹2,74,974 | ₹2,45,720 | ₹27,39,949 |
| 14 | ₹27,39,949 | ₹2,99,279 | ₹2,21,415 | ₹24,40,670 |
| 15 | ₹24,40,670 | ₹3,25,733 | ₹1,94,961 | ₹21,14,937 |
| 16 | ₹21,14,937 | ₹3,54,525 | ₹1,66,169 | ₹17,60,412 |
| 17 | ₹17,60,412 | ₹3,85,862 | ₹1,34,832 | ₹13,74,550 |
| 18 | ₹13,74,550 | ₹4,19,968 | ₹1,00,726 | ₹9,54,582 |
| 19 | ₹9,54,582 | ₹4,57,090 | ₹63,604 | ₹4,97,492 |
| 20 | ₹4,97,492 | ₹4,97,492 | ₹23,202 | ₹0 |
RBI-regulated lenders cannot charge pre-payment charges on floating-rate home loans to individuals (effective 1 January 2026). Fixed-rate loans can still carry them, and loans taken before that date should be checked with your lender. This calculator adds no charge.
Assumes a reducing-balance loan with a fixed EMI, monthly interest, no fees and no pre-EMI period. Your lender's own schedule can differ slightly (rounding, EMI dates).
For illustration only; not lending or financial advice. Your loan agreement and lender statement are what actually apply. Regulatory points were checked against RBI documents in October 2026.
Rates and rules last verified on 03 Oct 2026.
How the Home Loan EMI Calculator Works
An EMI (equated monthly instalment) is a fixed amount you pay every month until the loan ends. Each instalment has two parts: interest on the balance you still owe, and a repayment of principal. In the first years the balance is large, so most of the EMI is interest; as the balance falls, the interest part shrinks and more of each EMI goes to principal. That is why the year-by-year table shows interest falling and principal rising over the life of the loan.
This calculator uses the standard reducing-balance method with monthly interest. Prepaying early helps most, because it removes principal that would otherwise have attracted interest for many years. A one-time prepayment can either shorten the loan (EMI stays the same) or lower the EMI (end date stays the same); both are shown so you can compare.
On a floating-rate home loan the rate follows your lender's external benchmark (commonly the RBI repo rate). When the rate rises, RBI's rules say the lender must let you choose between a higher EMI, a longer tenure at the same EMI, or a mix of the two, and you may also prepay part or all of the loan. The "if your rate rises" table shows the first two outcomes for your loan.
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P = loan amount, r = annual rate ÷ 12 ÷ 100, n = number of monthly instalmentsWorked example
A ₹50,00,000 loan at 8.50% for 20 years has an EMI of about ₹43,391. Over 240 instalments you pay about ₹1.04 crore in total, of which roughly ₹54 lakh is interest. If the rate rises by 0.25% from the first EMI, the EMI rises to about ₹44,186 (about ₹794 more a month), or the EMI stays the same and the loan runs longer.
Frequently asked questions
Why is most of my early EMI interest?
Interest is charged on the balance you still owe. At the start that balance is the whole loan, so the interest part is largest; each EMI then repays some principal, the balance falls, and the interest part shrinks over time.
Is a prepayment better used to cut the EMI or the tenure?
Shortening the tenure usually saves more total interest because you keep paying the higher EMI. Lowering the EMI eases monthly cash flow but saves less interest. The calculator shows both so you can see the difference for your numbers.
Will my lender's figures match exactly?
Usually within a small amount. Lenders may round differently, count days between EMI dates, or add fees and insurance that this calculator does not include.