Loading…
Loading…
Calculate your monthly home loan EMI instantly. See principal vs interest breakdown and total cost over the loan period.
Calculate your monthly EMI for a home loan based on the property price, your down payment, interest rate, and tenure.
Monthly EMI
₹34,713
Calculate your monthly home loan EMI and view principal vs interest breakdown in seconds.
Enter property price
Enter the price of the home you are considering, in INR.
Set your down payment
Choose what share of the price you can pay upfront. The calculator derives the loan from it, and tells you if the loan goes above what lenders typically fund at that price.
Set interest rate
Enter the annual interest rate offered by your bank (e.g. 8.5%).
Choose tenure
Select your preferred loan repayment tenure in years (typically 10-30 years).
View EMI
See your monthly EMI amount calculated instantly using the standard formula.
Review breakdown
Review the total interest payable and the principal vs interest split over the full tenure.
EMI (Equated Monthly Instalment) is the fixed monthly payment you make to repay your home loan. It is calculated using the formula: EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is the principal loan amount, r is the monthly interest rate (annual rate divided by 12), and n is the total number of monthly instalments. Each EMI covers a portion of the principal and the accrued interest for that month.
As of 2026, major banks and housing finance companies in India offer home loan interest rates broadly in the range of 8.25% to 9.5% per annum. SBI, HDFC Bank, ICICI Bank, and Kotak Mahindra Bank typically offer rates linked to their MCLR or the RBI repo rate. Your exact rate depends on your credit score, loan amount, tenure, and the lender you choose. Borrowers with a CIBIL score above 750 generally qualify for the lowest rates.
There are several ways to reduce your monthly EMI. Increasing the loan tenure spreads repayment over more months and lowers each instalment, though it raises total interest paid. Making a larger down payment reduces the principal borrowed and therefore the EMI. Negotiating a lower interest rate with your bank, or refinancing (balance transfer) to a lender offering a better rate, also reduces the EMI. Making partial prepayments during the loan term reduces the outstanding principal and can lead to a lower EMI or a shorter tenure.
Step-by-step checklist for first-time home buyers in India
Read guide →What CIBIL score you need for a home loan in India, how to check and improve it, and what to do if your loan is rejected due to poor credit
Read guide →A 10-step guide for first-time home buyers in Coimbatore — from financial readiness and loan pre-approval to possession, registration, and moving in
Read guide →