How is home loan EMI calculated?

EMI uses the reducing-balance formula from loan amount, annual interest rate, and tenure in months.

What is a healthy EMI-to-income ratio?

Many planners prefer EMI under 30–40% of take-home income. This tool flags high ratios so you can adjust amount or tenure.

Does this work for car and personal loans too?

Yes. Enter any principal, rate, and tenure. Use related tools for home eligibility, stamp duty, and prepayment.

What is the amortization schedule?

It shows each month’s EMI split into principal and interest, plus the remaining balance. Expand a year to see month-level rows, or download Excel.

Why does longer tenure lower EMI but raise interest?

Spreading payments reduces monthly EMI but you pay interest for more months, so total interest usually rises.

Are processing fees included?

No. Bank processing fees, insurance, and prepayment charges are separate. Confirm the full offer on the lender’s sanction letter.

Home Loan EMI Calculator

Calculate your monthly EMI and check if your loan burden is healthy relative to your income.

Loan Details

Loan Amount₹25.00 L

₹1.00 L₹1.00 Cr

Interest Rate (p.a.)10.85%

6%18%

Loan Tenure20 years

1 years30 years

Monthly Income (for health check)

₹

Used to calculate EMI-to-income ratio

Monthly EMI

₹25,550

Total Interest₹36,31,998

Principal Amount₹25,00,000

Total Payment₹61,31,998

EMI-to-Income34.1%

59%interest of total

Health Commentary

Caution — EMI exceeds 30% of income. Consider a longer tenure or prepayment.

Month-by-month principal, interest and outstanding balance (240 EMIs).

Tenure

240 mo

Total Principal

₹25,00,000

Total Interest

₹36,31,998

Total Payment

₹61,31,998

Month	EMI	Principal	Interest	Balance
1	₹25,550	₹2,946	₹22,604	₹24,97,054
2	₹25,550	₹2,972	₹22,578	₹24,94,082
3	₹25,550	₹2,999	₹22,551	₹24,91,082
4	₹25,550	₹3,026	₹22,524	₹24,88,056
5	₹25,550	₹3,054	₹22,496	₹24,85,002
6	₹25,550	₹3,081	₹22,469	₹24,81,921
7	₹25,550	₹3,109	₹22,441	₹24,78,811
8	₹25,550	₹3,137	₹22,413	₹24,75,674
9	₹25,550	₹3,166	₹22,384	₹24,72,508
10	₹25,550	₹3,194	₹22,356	₹24,69,314
11	₹25,550	₹3,223	₹22,327	₹24,66,091
12	₹25,550	₹3,252	₹22,298	₹24,62,838

About Home Loan EMI Calculator

Calculate Equated Monthly Instalments for home, car or personal loans and see how EMI sits against your income — plus a full amortization schedule.

How it works

Input principal, annual rate and tenure. Results show EMI, total interest, payment mix, year-wise amortization (expand for monthly rows), and income-ratio commentary when income is entered.

Practical tips

Keep total EMIs comfortable (often cited near 40–50% of take-home). Try shorter tenure vs lower EMI trade-offs. Download the schedule as Excel if needed.

Important to know

Bank sanction rates, fees and floating resets can change the real EMI.

Frequently Asked Questions

How is home loan EMI calculated?: EMI uses the reducing-balance formula from loan amount, annual interest rate, and tenure in months.
What is a healthy EMI-to-income ratio?: Many planners prefer EMI under 30–40% of take-home income. This tool flags high ratios so you can adjust amount or tenure.
Does this work for car and personal loans too?: Yes. Enter any principal, rate, and tenure. Use related tools for home eligibility, stamp duty, and prepayment.
What is the amortization schedule?: It shows each month’s EMI split into principal and interest, plus the remaining balance. Expand a year to see month-level rows, or download Excel.
Why does longer tenure lower EMI but raise interest?: Spreading payments reduces monthly EMI but you pay interest for more months, so total interest usually rises.
Are processing fees included?: No. Bank processing fees, insurance, and prepayment charges are separate. Confirm the full offer on the lender’s sanction letter.