Reviewed by Artha Research·Last updated 8 April 2026
Home Loan EMI Calculator
Plan your home loan EMI, total interest outgo, and balance schedule with current Indian lender assumptions.
Home loan details
Configure the loan amount, rate, and tenure. Results use Indian lender conventions.
Home loan EMI
₹70,697
₹70,697 per month
Lifetime interest exceeds the principal. Consider a shorter tenure or partial prepayments.
Stress-test with a 1% rate increase and look at prepayment savings.
Loan principal
₹80L
Total interest
₹89.7L
Total payment
₹1.7Cr
Interest share
52.9%
Share of your total payment that goes to interest.
Outstanding balance
Year-end principal remaining on the loan.
Interest vs principal per year
Each year's EMI split into interest and principal.
Breakdown
- Year 1₹8.5L5.0%
- Year 2₹8.5L5.0%
- Year 3₹8.5L5.0%
- Year 4₹8.5L5.0%
- Year 5₹8.5L5.0%
- Year 6₹8.5L5.0%
- Year 7₹8.5L5.0%
- Year 8₹8.5L5.0%
- Year 9₹8.5L5.0%
- Year 10₹8.5L5.0%
- Year 11₹8.5L5.0%
- Year 12₹8.5L5.0%
- Year 13₹8.5L5.0%
- Year 14₹8.5L5.0%
- Year 15₹8.5L5.0%
- Year 16₹8.5L5.0%
- Year 17₹8.5L5.0%
- Year 18₹8.5L5.0%
- Year 19₹8.5L5.0%
- Year 20₹8.5L5.0%
You'll pay more in interest than the loan principal
At this rate and tenure, the lifetime interest exceeds the original loan amount. A shorter tenure or partial prepayments can dramatically cut the total cost.
Interest to principal
1.12x
More than half of every EMI is interest
Early-tenure EMIs are interest-heavy. Prepayments made in the first 5-7 years deliver the highest saving.
Interest share of total payment
52.9%
Next best actions
The result hints at what to look at next. Each link carries your current numbers so you never re-enter them.
Can your cash flow actually carry this EMI?
Knowing the EMI is step one — affordability against your budget is step two.
Monthly EMI: ₹70,697
See if prepayment beats investing
On interest-heavy loans, even small prepayments cut lifetime interest meaningfully.
Compare this with another lender
A 25 bps rate difference on a 20-year loan saves lakhs.
At a glance
- What it does
- Calculates the monthly home loan EMI, lifetime interest, and year-by-year outstanding balance.
- Current lender rates
- Most Indian banks quote 8.3% to 9.5% for home loans in 2026, depending on loan size and credit score.
- Typical output
- An ₹80L home loan at 8.75% over 20 years: EMI ~₹70,703, total interest ~₹89.7L.
- Best used for
- Sizing a home purchase decision before visiting a lender. Pair with the loan affordability tool.
How It Works
This is the drill-down layer. The flagship flow leads with a recommendation, and this page lets you inspect the underlying model.
- Home loan EMI follows the standard reducing-balance formula: EMI = [P × r × (1 + r)^n] / [(1 + r)^n − 1].
- Total payment = EMI × tenure in months.
- Total interest = total payment − principal.
Assumptions
The recommendation stays blunt, but the assumptions remain visible.
- Based on a fixed-rate reducing-balance loan; most Indian home loans are floating-rate in practice.
- Processing fees (typically 0.25-1% of principal) are not included in the EMI.
- Rate changes during the tenure will alter EMI and total interest — re-check whenever your lender resets rates.
FAQ
The follow-up questions people usually ask after the main recommendation is already clear.
Should I take the longest tenure to minimise EMI?
Lower EMI feels comfortable but costs far more in total interest. A 20-year loan usually strikes the right balance — the EMI is manageable and lifetime interest stays under control.
How much home loan can I get on a ₹1 lakh salary?
At standard lender FOIR (50%), you can service an EMI of around ₹50k, which translates to a loan of roughly ₹55-65L over 20 years at 8.5%. Use the loan eligibility tool for the exact number.
Does this include section 24B tax benefits?
No — the EMI shown is pre-tax. Interest up to ₹2L/year under Section 24B reduces your effective cost in the old tax regime. The tax regime tool accounts for this separately.
Sources & references
Every formula and assumption above is grounded in these authoritative sources.
Related tools & decisions
Keep going from here — each link carries the same cluster context.
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