Home Loan EMI Calculator Online Free

Our advanced Home Loan EMI Calculator helps you calculate and estimate monthly payments, making financial planning much easier.

₹1,00,000 ₹100 Cr
1 Year 40 Years
1% 35%
Monthly EMI
0
Principal Amount
50,00,000
Total Interest
0
Total Payable
0

Loan Summary

Interest Rate
8.5% p.a.
Tenure
20 Years
Loan Type
Home Loan

Your Amortization Details (Years / Months)

Year Principal (₹) Interest (₹) Total Payment (₹) Balance (₹)

What is a Home Loan EMI Calculator Online Free?

Our home loan EMI calculator is an advanced financial tool designed to help you calculate your monthly EMI for home loans in India. Simply enter the loan amount, interest rate, and tenure to get instant results with a detailed home loan EMI calculator with monthly breakdown. This tool also provides a home loan EMI calculator with amortization schedule to give you a clear picture of your repayment journey, making it essential for home buyers to plan finances effectively.

How to Use Our Online Home Loan EMI Calculator

  1. Enter your home loan amount (₹1,00,000 to ₹100 crore)
  2. Select tenure / duration type (Years or Months)
  3. Enter your tenure / duration (1 to 40 years or 3 to 11 months)
  4. Input your annual interest rate (1% to 35%)
  5. View your monthly EMI and total repayment details instantly below
  6. Check the amortization table for year-by-year breakdown of your payments

Benefits of a Home Loan EMI Calculator with Amortization Schedule

  • Accurate Projections: Easily estimate your monthly EMIs with accurate loan repayment insights
  • Smart Financial Planning: Budget confidently and smartly for your dream home by tracking your EMI commitments
  • Loan Comparison: Quickly compare home loan plans by altering rate, tenure, or loan amount
  • Get Better Understanding Amortization Schedule: Understand how interest and principal reduce over the full loan period
  • Informed Decisions: View complete interest payable and choose the most affordable option

How to Calculate Home Loan EMI with Interest Rate and Monthly Breakdown

This Home Loan EMI Calculator uses the widely used EMI formula with monthly compounding. The equation is: EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1], where P represents the loan principle, r is the monthly interest rate (yearly divided by 12), and n is the entire term in months. The method provides a set monthly EMI that includes both principal and interest, allowing you to repay the loan completely within the chosen term.

For example, if you take a home loan of ₹50,00,000 at an interest rate of 8.5% for 20 years, the calculation would be: Monthly Interest Rate = 8.5%/12 = 0.7083%, Number of Months = 20 × 12 = 240, EMI = [50,00,000 × 0.007083 × (1 + 0.007083)^240] / [(1 + 0.007083)^240 - 1] = ₹43,391. The calculator shows you the monthly EMI (₹43,391), total interest (₹54,13,840), and total payable (₹1,04,13,840).

How does a home loan EMI calculator online free work?

Our home loan EMI calculator online free allows you to input your loan amount, interest rate, and tenure to instantly calculate your monthly EMI, helping you plan your home loan repayments.

What does a home loan EMI calculator with principal and interest show?

Our home loan EMI calculator with principal and interest provides a pie chart breaking down your total repayment into principal and interest components.

Disclaimer

A Mutual Fund SIP calculator is a simple tool that helps you get an idea of how much your monthly investments might grow over time, based on a return rate you select. But this is just a basic estimate using math and doesn't show the actual performance of the mutual fund or the company managing it. The results are only for understanding or planning purposes and may or may not match real earnings. Also, past returns or estimates don't guarantee what will happen in the future, so this should not be taken as financial advice or a promise of actual returns. These calculators are for illustrative purposes only and may not reflect actual earnings.

Because mutual fund investments are subject to market risks, and different mutual funds may have different rates of interest that can change over time, the results provided by our SIP and lumpsum calculators may or may not be accurate for the present or the future. Therefore, these results should not be considered completely accurate or relied upon for making investment decisions. You should not make any investment decisions solely based on these results. If anyone faces any issues, problems, or losses due to this, we are not responsible. These calculators are designed only for estimation or rough idea purposes. The results provided by them may or may not be accurate for the present or future.

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Therefore, all outputs should be treated strictly as estimates. Users are advised to consult a qualified financial advisor before making any financial decisions based on these results.

Our calculator provides an approximate calculation based on the input you provide, which may or may not be accurate. These calculations may not fully match the standard formulas used by financial institutions. The actual loan details may vary slightly from the calculations shown in this EMI calculator, depending on the lender's specific policies and terms. The inputs and results provided in this calculator should not be assumed to be completely accurate or factual.

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Excessive monthly withdrawals may accelerate portfolio depletion and lead to losses or reduced long-term sustainability of investments, especially during times of lower or fluctuating returns. If withdrawals are too high compared to returns, the investment corpus can reduce faster. Factors such as inflation, taxation, market risk, and changes in interest rates can materially affect outcomes.

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