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Home Loan EMI Calculator

Loan EMI₹40,280
Loan Amount
Interest Rate
YrMo
Loan Tenure
Loan EMI₹40,280
Interest₹4,667,118
Principal₹5,000,000
Total₹9,667,118

Complete EMI Schedule

Date
Principal Amount
Interest
EMI
Balance
Loan Paid To Date
Jan
₹9,030
₹31,250
₹40,280
₹4,990,970
0.18%
Feb
₹9,086
₹31,194
₹40,280
₹4,981,884
0.36%
Mar
₹9,143
₹31,137
₹40,280
₹4,972,741
0.55%
Apr
₹9,200
₹31,080
₹40,280
₹4,963,541
0.73%
May
₹9,258
₹31,022
₹40,280
₹4,954,284
0.91%
Jun
₹9,315
₹30,964
₹40,280
₹4,944,968
1.1%
Jul
₹9,374
₹30,906
₹40,280
₹4,935,595
1.29%
Aug
₹9,432
₹30,847
₹40,280
₹4,926,163
1.48%
Sep
₹9,491
₹30,789
₹40,280
₹4,916,671
1.67%
Oct
₹9,550
₹30,729
₹40,280
₹4,907,121
1.86%
Nov
₹9,610
₹30,670
₹40,280
₹4,897,511
2.05%
Dec
₹9,670
₹30,609
₹40,280
₹4,887,841
2.24%
Jan
₹9,731
₹30,549
₹40,280
₹4,878,110
2.44%
Feb
₹9,791
₹30,488
₹40,280
₹4,868,319
2.63%
Mar
₹9,853
₹30,427
₹40,280
₹4,858,466
2.83%
Apr
₹9,914
₹30,365
₹40,280
₹4,848,552
3.03%
May
₹9,976
₹30,303
₹40,280
₹4,838,575
3.23%
Jun
₹10,039
₹30,241
₹40,280
₹4,828,537
3.43%
Jul
₹10,101
₹30,178
₹40,280
₹4,818,436
3.63%
Aug
₹10,164
₹30,115
₹40,280
₹4,808,271
3.83%
Sep
₹10,228
₹30,052
₹40,280
₹4,798,043
4.04%
Oct
₹10,292
₹29,988
₹40,280
₹4,787,751
4.24%
Nov
₹10,356
₹29,923
₹40,280
₹4,777,395
4.45%
Dec
₹10,421
₹29,859
₹40,280
₹4,766,974
4.66%
Jan
₹10,486
₹29,794
₹40,280
₹4,756,488
4.87%
Feb
₹10,552
₹29,728
₹40,280
₹4,745,936
5.08%
Mar
₹10,618
₹29,662
₹40,280
₹4,735,319
5.29%
Apr
₹10,684
₹29,596
₹40,280
₹4,724,635
5.51%
May
₹10,751
₹29,529
₹40,280
₹4,713,884
5.72%
Jun
₹10,818
₹29,462
₹40,280
₹4,703,066
5.94%
Jul
₹10,885
₹29,394
₹40,280
₹4,692,181
6.16%
Aug
₹10,954
₹29,326
₹40,280
₹4,681,227
6.38%
Sep
₹11,022
₹29,258
₹40,280
₹4,670,205
6.6%
Oct
₹11,091
₹29,189
₹40,280
₹4,659,114
6.82%
Nov
₹11,160
₹29,119
₹40,280
₹4,647,954
7.04%
Dec
₹11,230
₹29,050
₹40,280
₹4,636,724
7.27%
Jan
₹11,300
₹28,980
₹40,280
₹4,625,424
7.49%
Feb
₹11,371
₹28,909
₹40,280
₹4,614,053
7.72%
Mar
₹11,442
₹28,838
₹40,280
₹4,602,612
7.95%
Apr
₹11,513
₹28,766
₹40,280
₹4,591,098
8.18%
May
₹11,585
₹28,694
₹40,280
₹4,579,513
8.41%
Jun
₹11,658
₹28,622
₹40,280
₹4,567,855
8.64%
Jul
₹11,731
₹28,549
₹40,280
₹4,556,125
8.88%
Aug
₹11,804
₹28,476
₹40,280
₹4,544,321
9.11%
Sep
₹11,878
₹28,402
₹40,280
₹4,532,443
9.35%
Oct
₹11,952
₹28,328
₹40,280
₹4,520,491
9.59%
Nov
₹12,027
₹28,253
₹40,280
₹4,508,465
9.83%
Dec
₹12,102
₹28,178
₹40,280
₹4,496,363
10.07%
Jan
₹12,177
₹28,102
₹40,280
₹4,484,186
10.32%
Feb
₹12,254
₹28,026
₹40,280
₹4,471,932
10.56%
Mar
₹12,330
₹27,950
₹40,280
₹4,459,602
10.81%
Apr
₹12,407
₹27,873
₹40,280
₹4,447,195
11.06%
May
₹12,485
₹27,795
₹40,280
₹4,434,710
11.31%
Jun
₹12,563
₹27,717
₹40,280
₹4,422,147
11.56%
Jul
₹12,641
₹27,638
₹40,280
₹4,409,506
11.81%
Aug
₹12,720
₹27,559
₹40,280
₹4,396,786
12.06%
Sep
₹12,800
₹27,480
₹40,280
₹4,383,986
12.32%
Oct
₹12,880
₹27,400
₹40,280
₹4,371,106
12.58%
Nov
₹12,960
₹27,319
₹40,280
₹4,358,146
12.84%
Dec
₹13,041
₹27,238
₹40,280
₹4,345,105
13.1%
Jan
₹13,123
₹27,157
₹40,280
₹4,331,982
13.36%
Feb
₹13,205
₹27,075
₹40,280
₹4,318,777
13.62%
Mar
₹13,287
₹26,992
₹40,280
₹4,305,490
13.89%
Apr
₹13,370
₹26,909
₹40,280
₹4,292,120
14.16%
May
₹13,454
₹26,826
₹40,280
₹4,278,666
14.43%
Jun
₹13,538
₹26,742
₹40,280
₹4,265,128
14.7%
Jul
₹13,623
₹26,657
₹40,280
₹4,251,505
14.97%
Aug
₹13,708
₹26,572
₹40,280
₹4,237,797
15.24%
Sep
₹13,793
₹26,486
₹40,280
₹4,224,004
15.52%
Oct
₹13,880
₹26,400
₹40,280
₹4,210,124
15.8%
Nov
₹13,966
₹26,313
₹40,280
₹4,196,158
16.08%
Dec
₹14,054
₹26,226
₹40,280
₹4,182,104
16.36%
Jan
₹14,142
₹26,138
₹40,280
₹4,167,963
16.64%
Feb
₹14,230
₹26,050
₹40,280
₹4,153,733
16.93%
Mar
₹14,319
₹25,961
₹40,280
₹4,139,414
17.21%
Apr
₹14,408
₹25,871
₹40,280
₹4,125,006
17.5%
May
₹14,498
₹25,781
₹40,280
₹4,110,507
17.79%
Jun
₹14,589
₹25,691
₹40,280
₹4,095,918
18.08%
Jul
₹14,680
₹25,599
₹40,280
₹4,081,238
18.38%
Aug
₹14,772
₹25,508
₹40,280
₹4,066,466
18.67%
Sep
₹14,864
₹25,415
₹40,280
₹4,051,602
18.97%
Oct
₹14,957
₹25,323
₹40,280
₹4,036,645
19.27%
Nov
₹15,051
₹25,229
₹40,280
₹4,021,594
19.57%
Dec
₹15,145
₹25,135
₹40,280
₹4,006,450
19.87%
Jan
₹15,239
₹25,040
₹40,280
₹3,991,210
20.18%
Feb
₹15,335
₹24,945
₹40,280
₹3,975,876
20.48%
Mar
₹15,430
₹24,849
₹40,280
₹3,960,445
20.79%
Apr
₹15,527
₹24,753
₹40,280
₹3,944,918
21.1%
May
₹15,624
₹24,656
₹40,280
₹3,929,294
21.41%
Jun
₹15,722
₹24,558
₹40,280
₹3,913,573
21.73%
Jul
₹15,820
₹24,460
₹40,280
₹3,897,753
22.04%
Aug
₹15,919
₹24,361
₹40,280
₹3,881,834
22.36%
Sep
₹16,018
₹24,261
₹40,280
₹3,865,816
22.68%
Oct
₹16,118
₹24,161
₹40,280
₹3,849,698
23.01%
Nov
₹16,219
₹24,061
₹40,280
₹3,833,479
23.33%
Dec
₹16,320
₹23,959
₹40,280
₹3,817,158
23.66%
Jan
₹16,422
₹23,857
₹40,280
₹3,800,736
23.99%
Feb
₹16,525
₹23,755
₹40,280
₹3,784,211
24.32%
Mar
₹16,628
₹23,651
₹40,280
₹3,767,583
24.65%
Apr
₹16,732
₹23,547
₹40,280
₹3,750,850
24.98%
May
₹16,837
₹23,443
₹40,280
₹3,734,013
25.32%
Jun
₹16,942
₹23,338
₹40,280
₹3,717,071
25.66%
Jul
₹17,048
₹23,232
₹40,280
₹3,700,023
26%
Aug
₹17,155
₹23,125
₹40,280
₹3,682,869
26.34%
Sep
₹17,262
₹23,018
₹40,280
₹3,665,607
26.69%
Oct
₹17,370
₹22,910
₹40,280
₹3,648,238
27.04%
Nov
₹17,478
₹22,801
₹40,280
₹3,630,759
27.38%
Dec
₹17,587
₹22,692
₹40,280
₹3,613,172
27.74%
Jan
₹17,697
₹22,582
₹40,280
₹3,595,475
28.09%
Feb
₹17,808
₹22,472
₹40,280
₹3,577,667
28.45%
Mar
₹17,919
₹22,360
₹40,280
₹3,559,747
28.81%
Apr
₹18,031
₹22,248
₹40,280
₹3,541,716
29.17%
May
₹18,144
₹22,136
₹40,280
₹3,523,572
29.53%
Jun
₹18,257
₹22,022
₹40,280
₹3,505,315
29.89%
Jul
₹18,371
₹21,908
₹40,280
₹3,486,944
30.26%
Aug
₹18,486
₹21,793
₹40,280
₹3,468,457
30.63%
Sep
₹18,602
₹21,678
₹40,280
₹3,449,855
31%
Oct
₹18,718
₹21,562
₹40,280
₹3,431,137
31.38%
Nov
₹18,835
₹21,445
₹40,280
₹3,412,302
31.75%
Dec
₹18,953
₹21,327
₹40,280
₹3,393,350
32.13%
Jan
₹19,071
₹21,208
₹40,280
₹3,374,278
32.51%
Feb
₹19,190
₹21,089
₹40,280
₹3,355,088
32.9%
Mar
₹19,310
₹20,969
₹40,280
₹3,335,778
33.28%
Apr
₹19,431
₹20,849
₹40,280
₹3,316,347
33.67%
May
₹19,552
₹20,727
₹40,280
₹3,296,794
34.06%
Jun
₹19,675
₹20,605
₹40,280
₹3,277,119
34.46%
Jul
₹19,798
₹20,482
₹40,280
₹3,257,322
34.85%
Aug
₹19,921
₹20,358
₹40,280
₹3,237,400
35.25%
Sep
₹20,046
₹20,234
₹40,280
₹3,217,354
35.65%
Oct
₹20,171
₹20,108
₹40,280
₹3,197,183
36.06%
Nov
₹20,297
₹19,982
₹40,280
₹3,176,886
36.46%
Dec
₹20,424
₹19,856
₹40,280
₹3,156,462
36.87%
Jan
₹20,552
₹19,728
₹40,280
₹3,135,910
37.28%
Feb
₹20,680
₹19,599
₹40,280
₹3,115,230
37.7%
Mar
₹20,809
₹19,470
₹40,280
₹3,094,420
38.11%
Apr
₹20,940
₹19,340
₹40,280
₹3,073,481
38.53%
May
₹21,070
₹19,209
₹40,280
₹3,052,410
38.95%
Jun
₹21,202
₹19,078
₹40,280
₹3,031,208
39.38%
Jul
₹21,335
₹18,945
₹40,280
₹3,009,874
39.8%
Aug
₹21,468
₹18,812
₹40,280
₹2,988,406
40.23%
Sep
₹21,602
₹18,678
₹40,280
₹2,966,804
40.66%
Oct
₹21,737
₹18,543
₹40,280
₹2,945,066
41.1%
Nov
₹21,873
₹18,407
₹40,280
₹2,923,193
41.54%
Dec
₹22,010
₹18,270
₹40,280
₹2,901,184
41.98%
Jan
₹22,147
₹18,132
₹40,280
₹2,879,036
42.42%
Feb
₹22,286
₹17,994
₹40,280
₹2,856,751
42.86%
Mar
₹22,425
₹17,855
₹40,280
₹2,834,326
43.31%
Apr
₹22,565
₹17,715
₹40,280
₹2,811,761
43.76%
May
₹22,706
₹17,574
₹40,280
₹2,789,055
44.22%
Jun
₹22,848
₹17,432
₹40,280
₹2,766,206
44.68%
Jul
₹22,991
₹17,289
₹40,280
₹2,743,216
45.14%
Aug
₹23,135
₹17,145
₹40,280
₹2,720,081
45.6%
Sep
₹23,279
₹17,001
₹40,280
₹2,696,802
46.06%
Oct
₹23,425
₹16,855
₹40,280
₹2,673,377
46.53%
Nov
₹23,571
₹16,709
₹40,280
₹2,649,806
47%
Dec
₹23,718
₹16,561
₹40,280
₹2,626,088
47.48%
Jan
₹23,867
₹16,413
₹40,280
₹2,602,221
47.96%
Feb
₹24,016
₹16,264
₹40,280
₹2,578,205
48.44%
Mar
₹24,166
₹16,114
₹40,280
₹2,554,040
48.92%
Apr
₹24,317
₹15,963
₹40,280
₹2,529,723
49.41%
May
₹24,469
₹15,811
₹40,280
₹2,505,254
49.89%
Jun
₹24,622
₹15,658
₹40,280
₹2,480,632
50.39%
Jul
₹24,776
₹15,504
₹40,280
₹2,455,856
50.88%
Aug
₹24,931
₹15,349
₹40,280
₹2,430,926
51.38%
Sep
₹25,086
₹15,193
₹40,280
₹2,405,839
51.88%
Oct
₹25,243
₹15,036
₹40,280
₹2,380,596
52.39%
Nov
₹25,401
₹14,879
₹40,280
₹2,355,195
52.9%
Dec
₹25,560
₹14,720
₹40,280
₹2,329,636
53.41%
Jan
₹25,719
₹14,560
₹40,280
₹2,303,916
53.92%
Feb
₹25,880
₹14,399
₹40,280
₹2,278,036
54.44%
Mar
₹26,042
₹14,238
₹40,280
₹2,251,994
54.96%
Apr
₹26,205
₹14,075
₹40,280
₹2,225,789
55.48%
May
₹26,368
₹13,911
₹40,280
₹2,199,421
56.01%
Jun
₹26,533
₹13,746
₹40,280
₹2,172,888
56.54%
Jul
₹26,699
₹13,581
₹40,280
₹2,146,188
57.08%
Aug
₹26,866
₹13,414
₹40,280
₹2,119,322
57.61%
Sep
₹27,034
₹13,246
₹40,280
₹2,092,289
58.15%
Oct
₹27,203
₹13,077
₹40,280
₹2,065,086
58.7%
Nov
₹27,373
₹12,907
₹40,280
₹2,037,713
59.25%
Dec
₹27,544
₹12,736
₹40,280
₹2,010,169
59.8%
Jan
₹27,716
₹12,564
₹40,280
₹1,982,453
60.35%
Feb
₹27,889
₹12,390
₹40,280
₹1,954,563
60.91%
Mar
₹28,064
₹12,216
₹40,280
₹1,926,500
61.47%
Apr
₹28,239
₹12,041
₹40,280
₹1,898,261
62.03%
May
₹28,416
₹11,864
₹40,280
₹1,869,845
62.6%
Jun
₹28,593
₹11,687
₹40,280
₹1,841,252
63.17%
Jul
₹28,772
₹11,508
₹40,280
₹1,812,480
63.75%
Aug
₹28,952
₹11,328
₹40,280
₹1,783,529
64.33%
Sep
₹29,133
₹11,147
₹40,280
₹1,754,396
64.91%
Oct
₹29,315
₹10,965
₹40,280
₹1,725,081
65.5%
Nov
₹29,498
₹10,782
₹40,280
₹1,695,583
66.09%
Dec
₹29,682
₹10,597
₹40,280
₹1,665,901
66.68%
Jan
₹29,868
₹10,412
₹40,280
₹1,636,033
67.28%
Feb
₹30,054
₹10,225
₹40,280
₹1,605,979
67.88%
Mar
₹30,242
₹10,037
₹40,280
₹1,575,737
68.49%
Apr
₹30,431
₹9,848
₹40,280
₹1,545,305
69.09%
May
₹30,622
₹9,658
₹40,280
₹1,514,684
69.71%
Jun
₹30,813
₹9,467
₹40,280
₹1,483,871
70.32%
Jul
₹31,005
₹9,274
₹40,280
₹1,452,865
70.94%
Aug
₹31,199
₹9,080
₹40,280
₹1,421,666
71.57%
Sep
₹31,394
₹8,885
₹40,280
₹1,390,272
72.19%
Oct
₹31,590
₹8,689
₹40,280
₹1,358,681
72.83%
Nov
₹31,788
₹8,492
₹40,280
₹1,326,894
73.46%
Dec
₹31,987
₹8,293
₹40,280
₹1,294,907
74.1%
Jan
₹32,186
₹8,093
₹40,280
₹1,262,721
74.75%
Feb
₹32,388
₹7,892
₹40,280
₹1,230,333
75.39%
Mar
₹32,590
₹7,690
₹40,280
₹1,197,743
76.05%
Apr
₹32,794
₹7,486
₹40,280
₹1,164,949
76.7%
May
₹32,999
₹7,281
₹40,280
₹1,131,950
77.36%
Jun
₹33,205
₹7,075
₹40,280
₹1,098,745
78.03%
Jul
₹33,413
₹6,867
₹40,280
₹1,065,333
78.69%
Aug
₹33,621
₹6,658
₹40,280
₹1,031,711
79.37%
Sep
₹33,831
₹6,448
₹40,280
₹997,880
80.04%
Oct
₹34,043
₹6,237
₹40,280
₹963,837
80.72%
Nov
₹34,256
₹6,024
₹40,280
₹929,581
81.41%
Dec
₹34,470
₹5,810
₹40,280
₹895,112
82.1%
Jan
₹34,685
₹5,594
₹40,280
₹860,426
82.79%
Feb
₹34,902
₹5,378
₹40,280
₹825,524
83.49%
Mar
₹35,120
₹5,160
₹40,280
₹790,404
84.19%
Apr
₹35,340
₹4,940
₹40,280
₹755,065
84.9%
May
₹35,561
₹4,719
₹40,280
₹719,504
85.61%
Jun
₹35,783
₹4,497
₹40,280
₹683,721
86.33%
Jul
₹36,006
₹4,273
₹40,280
₹647,715
87.05%
Aug
₹36,231
₹4,048
₹40,280
₹611,484
87.77%
Sep
₹36,458
₹3,822
₹40,280
₹575,026
88.5%
Oct
₹36,686
₹3,594
₹40,280
₹538,340
89.23%
Nov
₹36,915
₹3,365
₹40,280
₹501,425
89.97%
Dec
₹37,146
₹3,134
₹40,280
₹464,279
90.71%
Jan
₹37,378
₹2,902
₹40,280
₹426,901
91.46%
Feb
₹37,612
₹2,668
₹40,280
₹389,290
92.21%
Mar
₹37,847
₹2,433
₹40,280
₹351,443
92.97%
Apr
₹38,083
₹2,197
₹40,280
₹313,360
93.73%
May
₹38,321
₹1,958
₹40,280
₹275,039
94.5%
Jun
₹38,561
₹1,719
₹40,280
₹236,478
95.27%
Jul
₹38,802
₹1,478
₹40,280
₹197,676
96.05%
Aug
₹39,044
₹1,235
₹40,280
₹158,632
96.83%
Sep
₹39,288
₹991
₹40,280
₹119,344
97.61%
Oct
₹39,534
₹746
₹40,280
₹79,810
98.4%
Nov
₹39,781
₹499
₹40,280
₹40,029
99.2%
Dec
₹40,029
₹250
₹40,280
₹0
100%

Home Loan EMI Calculator

In today's time where property rates are continuously surging, buying a house without an external source of income is almost impossible. Hence, a lot of prospective buyers are moving towards home loans as their rescue option.

While borrowing a home loan, it becomes utmost important for the borrower to estimate the amount of monthly installments that he/she would be paying towards the repayment of their home loan. To get the actual amount of EMI, you may use a home loan EMI calculator. Let's first understand home loans in detail!

Understanding Home Loans

Here are a few points that you should know about home loans-

  • You can borrow a home loan for buying a home, a flat or a plot for the purpose of construction of a house, renovation, extension or repairs of your existing house
  • Before taking the loan, it is important to calculate the amount of loan that you actually need to take, the time period in which you can repay the loan and the rate of interest that you'd paying on the borrowed amount
  • It is advised that you use a home loan eligibility calculator to find out whether or not you are actually eligible for borrowing the desired amount. Your eligibility on the home loan will depend on various factors such as your monthly income, monthly expenses, assets, liabilities, etc.

What is the use of a Home Loan EMI Calculator?

A home loan EMI calculator helps you calculate the amount of monthly installments that you'd be paying on your home loan.

The home loan EMI calculator makes use of the factors such as the actual loan amount, loan tenure and the applicable rate of interest on the borrowed amount to calculate your EMI amount.

A home loan EMI calculator actually works on the following formula-

EMI=[P x R x (1+R)^N]/[(1+R)^ (N-1)]

Where,
EMI stands for Equated Monthly Installment
Prefers to the principal amount, or the actual amount borrowed
Rrefers to the rate of interest on the loan amount (to be calculated monthly)
N stands for the loan duration; meaning the time period in which the loan amount must be repaid (to be used in terms of months)

Let's take an example to understand this better-

Suppose, you take a home loan of Rs. 10 lakh for 2 years at a rate of interest of 20% p.a.

Now, since the rate of interest and loan duration given above are in different units, we need to first convert these into months.
Loan duration in months - 12*2=24 months
Monthly Rate of interest - 20/12=1.66% p.m.

Now, using the above formula-

EMI=[P x R x (1+R)^N]/[(1+R)^ (N-1)]
EMI=[10 x 1.66 x (1+1.66)^24]/[(1+1.66)^ (24-1)]
EMI=Rs. 50,896

An EMI calculator uses the above formula to calculate the EMI on home loan in seconds. When using an EMI calculator, you don't need to go through such long calculations of converting different units of loan tenure or rate of interest into months. Neither do you need to use such a formula to do the calculations by yourself.

You simply need to enter the three basic details related to your home loan, and you will see your EMI amount within seconds!

Frequently Asked Questions

FAQs

A home loan can be borrowed for various purposes such as buying a home, a flat or a plot for the purpose of construction of a house, renovation, extension or repairs of your existing house.

You can easily use a home loan EMI calculator to calculate your monthly EMI on the borrowed amount. All you need to do is enter the principal amount, loan tenure and applicable rate of interest.

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