EMI, interest and schedule for a home loan of any size and tenure
Estimates only, not financial advice. What you type stays on your device. Updated on 25 Oct 2026.A home loan is the longest debt most people take, so a quarter of a percentage point moves the total by lakhs. The page opens on 50 lakh at 8.5% over 20 years, an EMI of about 43,391, and you change those three figures to match your sanction letter. The schedule underneath shows how little of each early instalment reaches the principal. Processing fees, insurance and stamp duty sit outside this estimate.
Estimates for information only, not financial advice. Interest on the reducing balance, compounded monthly; fees and charges not included.
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹99,511 | ₹4,21,182 | ₹49,00,489 |
| 2 | ₹1,08,308 | ₹4,12,386 | ₹47,92,181 |
| 3 | ₹1,17,881 | ₹4,02,813 | ₹46,74,300 |
| 4 | ₹1,28,300 | ₹3,92,394 | ₹45,46,000 |
| 5 | ₹1,39,641 | ₹3,81,053 | ₹44,06,359 |
| 6 | ₹1,51,984 | ₹3,68,710 | ₹42,54,375 |
| 7 | ₹1,65,418 | ₹3,55,277 | ₹40,88,957 |
| 8 | ₹1,80,039 | ₹3,40,653 | ₹39,08,918 |
| 9 | ₹1,95,953 | ₹3,24,741 | ₹37,12,965 |
| 10 | ₹2,13,274 | ₹3,07,419 | ₹34,99,691 |
| 11 | ₹2,32,125 | ₹2,88,568 | ₹32,67,566 |
| 12 | ₹2,52,643 | ₹2,68,051 | ₹30,14,923 |
| 13 | ₹2,74,974 | ₹2,45,720 | ₹27,39,949 |
| 14 | ₹2,99,279 | ₹2,21,414 | ₹24,40,670 |
| 15 | ₹3,25,733 | ₹1,94,961 | ₹21,14,937 |
| 16 | ₹3,54,525 | ₹1,66,169 | ₹17,60,412 |
| 17 | ₹3,85,862 | ₹1,34,833 | ₹13,74,550 |
| 18 | ₹4,19,968 | ₹1,00,724 | ₹9,54,582 |
| 19 | ₹4,57,090 | ₹63,605 | ₹4,97,492 |
| 20 | ₹4,97,492 | ₹23,202 | ₹0 |
Start from the preset 50 lakh at 8.5% over 20 years, or type the figures from your sanction letter.
Move the Interest rate slider by 0.25% steps to see how much a rate change moves the EMI.
Turn on Prepayment and set a yearly extra payment to see how many months it removes.
Read the Monthly EMI and Total interest, and open Year by year for the balance after each year.
The EMI calculator works out the fixed monthly instalment for any loan from three numbers: the amount, the yearly interest rate and the tenure. You get the EMI, the total interest you will pay over the life of the loan, the total repayment, and a month-by-month schedule showing how each instalment splits between principal and interest.
People use it before they sign: a ₹25 lakh home loan at 8.5% for 20 years costs about ₹21,700 a month and ₹27 lakh in interest, so is a 15-year tenure affordable? Or an ₹8 lakh car loan at 9.5% over 5 years versus 7 years. Turn on Prepayment to see how a yearly lump sum shortens the loan and how much interest it saves.
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P = loan amount, r = annual rate ÷ 12 ÷ 100, n = tenure in months.
The rest of the article, and all 7 questions about EMI Calculator, are on the EMI Calculator page.
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the annual rate divided by 12 and by 100, and n is the tenure in months. At 0% the EMI is simply the amount divided by the months. The schedule then applies each month's interest to the outstanding balance.
Interest for each month is charged only on the principal still outstanding, not on the original amount. Because the balance falls with every instalment, the interest part of the EMI shrinks and the principal part grows over time. Indian banks and NBFCs follow this method for home, car and personal loans, as required by the RBI.
No. The result covers only the loan amount and interest. Processing fees, stamp duty, loan insurance, GST on charges and any prepayment penalty are extra, and floating rates can change during the tenure. Use the lender's sanction letter for the exact figures.
EMI nikalna: enter the loan amount, the yearly interest rate and the tenure, and the monthly instalment appears with the total interest and a month-by-month schedule. The formula is EMI = P x r x (1+r)^n / ((1+r)^n - 1) on a reducing balance. Processing fees, insurance and prepayment charges are not included.
Formula only: no rates or limits are read from an official source.
Still stuck? Ask about EMI Calculator and anybody who knows can answer. No account needed.
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