Calculate your exact monthly EMI instantly, see the full year-by-year amortization schedule, and check how much a prepayment could actually save you — free, no sign-up, no email required.
| Period | Beginning balance | Payment | Principal | Interest | Ending balance |
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Enter your loan amount, interest rate and tenure — the EMI updates instantly using the same reducing-balance formula every regulated Indian lender uses: EMI = [P × R × (1+R)N] ÷ [(1+R)N − 1], where P is your loan principal, R is the monthly interest rate, and N is the total number of monthly instalments. Add an optional extra monthly payment to see exactly how much interest you'd save and how many years earlier you'd be debt-free.
A home loan EMI calculator estimates your monthly repayment (Equated Monthly Instalment) for a given loan amount, interest rate and tenure, using the standard reducing-balance formula used by Indian banks and HFCs.
EMI = [P × R × (1+R)N] ÷ [(1+R)N − 1], where P is the loan principal, R is the monthly interest rate (annual rate ÷ 12 ÷ 100), and N is the number of monthly instalments.
Yes — completely free, no sign-up, and you can use it as many times as you like.
Most Indian lenders apply extra prepayments directly to the principal while keeping the EMI unchanged, which shortens your loan tenure and reduces total interest paid. Some lenders let you choose to reduce the EMI instead — check with your specific lender.
As of September 2026, public sector banks typically start near 7.1–7.5% per annum for well-qualified borrowers, while private banks and HFCs often range 7.7–9.5%, depending on credit score, income and loan-to-value ratio.
Yes — this calculator works for any loan amount regardless of location. For location-specific costs like stamp duty and registration in Punjab or Haryana, pair it with our Stamp Duty Calculator.
