Rajkumar Anguluri·Software Engineer · Founder, Artha Engine·Last reviewed 8 April 2026·Methodology
Independent decision-support tool. Artha Engine is not a financial services provider, does not sell loans or insurance, and has no commission relationships with banks or insurers.
Home Loan EMI Calculator India
How much will this home loan really cost — EMI, total interest, and whether a shorter tenure saves you more than a lower rate?
Home loan details
Configure the loan amount, rate, and tenure. Results use Indian lender conventions.
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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.
Amortization
Year-by-year principal vs. interest paid down.
| Year | EMI paid | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹8,48,364 | ₹1,54,459 | ₹6,93,902 | ₹78,45,541 |
| 2 | ₹8,48,364 | ₹1,68,530 | ₹6,79,834 | ₹76,77,011 |
| 3 | ₹8,48,364 | ₹1,83,882 | ₹6,64,480 | ₹74,93,129 |
| 4 | ₹8,48,364 | ₹2,00,635 | ₹6,47,728 | ₹72,92,496 |
| 5 | ₹8,48,364 | ₹2,18,910 | ₹6,29,452 | ₹70,73,586 |
Breakdown
- Principal repaid₹80L47.1%
- Interest paid₹89.7L52.9%
Benchmarks
15-year tenure
+40.3%You
₹89.7L
Benchmark
₹63.9L
Shorter tenure saves interest but raises EMI.
30-year tenure
-38.8%You
₹89.7L
Benchmark
₹1.5Cr
Longer tenure eases EMI but costs far more total interest.
Rate cut by 0.5%
+7.3%You
₹89.7L
Benchmark
₹83.6L
Effect of refinancing or an RBI rate cut.
What moves the result most
Holding everything else fixed, here is how the headline shifts when each input swings by a typical range.
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.
Like this calculation?
Save it to your account so you can revisit it anytime, or share the scenario with someone who needs to see it.
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.
What to do next
Related guides
Long-form explainers that put the math behind this tool in context.
Guide8 min
Home Loan Tax Benefits Under Old vs New Regime (2026)
Section 24(b), Section 80C principal repayment, the lapsed 80EEA, and let-out property rules — which home-loan tax benefits survive under the new regime in 2026, and how much tax a ₹75L loan actually saves.
Guide28 min
The India Personal Finance Playbook 2026: Your First ₹1 Crore by Income, Age, and City
A complete decision tree for India in 2026: a 7-question diagnostic, income-bracket and age-decade playbooks, the 12-step sequence most people get wrong, and what changed for the new tax year. Built for the salaried Indian professional aiming for the first ₹1 crore.
Guide7 min
How Much Home Loan Can You Get on ₹50k, ₹1L, or ₹2L Salary?
The bank's eligibility number overstates what your household can actually service. We derive the sanction across salary bands, then apply a commitment-adjusted safe-loan ratio so you know where your real ceiling sits.
Calculations and decision frameworks, not personalised financial advice. The numbers on this page are based on the inputs you supplied and the regulatory rules in effect when this page was last reviewed. They are not a recommendation to buy, sell, hold, port, or surrender any specific financial product. Consult a SEBI-registered investment advisor, a qualified tax professional, or a licensed insurance broker before acting on a financial decision involving your money.
Artha Engine is an educational decision-support website. We do not offer loans, sell insurance, distribute mutual funds, provide regulated investment advice, collect loan applications, or receive commissions from banks, insurers, AMCs, brokers, or other financial providers. References to RBI, SEBI, IRDAI, Income Tax Department, or other authorities are source citations only. Artha Engine is not affiliated with, endorsed by, or sponsored by any government authority, regulator, bank, insurer, AMC, or broker. Artha Engine does not charge users fees for using calculators, comparison tools, articles, or financial health scoring. Mailing address: India.
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