- No data uploaded
- Instant results
Home Loan EMI Calculator
Example: a ₹50,00,000 home loan at 8.5% interest for 20 years has a monthly EMI of ₹43,391. You pay ₹54,13,879 in interest — 108% of the amount borrowed.
Home Loan EMI Calculator
₹
%
yrs
Monthly EMI
240 months
Principal
₹50,00,000
Total interest
₹54,13,879
Total payment
₹1,04,13,879
PrincipalInterest
Estimates for information only — not financial, tax or investment advice. Rates and rules change; confirm with an official source or a qualified professional. Disclaimer
How EMI is calculated
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r the monthly rate (8.5% ÷ 12 = 0.7083%) and n the number of months (240). Banks in India use this reducing-balance method, so interest is charged only on the outstanding principal.
How to lower your EMI or total interest
- Longer tenure lowers the EMI but raises total interest.
- Prepay when you can — early prepayments cut interest the most because the balance is highest at the start.
- Compare rates: on ₹50,00,000, every 0.5% lower rate saves about ₹3,76,598 over 20 years.
Yearly repayment schedule — ₹50,00,000 at 8.5% for 20 years
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| Year 1 | ₹99,511 | ₹4,21,182 | ₹49,00,489 |
| Year 2 | ₹1,08,307 | ₹4,12,387 | ₹47,92,181 |
| Year 3 | ₹1,17,881 | ₹4,02,813 | ₹46,74,300 |
| Year 4 | ₹1,28,300 | ₹3,92,394 | ₹45,46,000 |
| Year 5 | ₹1,39,641 | ₹3,81,053 | ₹44,06,359 |
| Year 6 | ₹1,51,984 | ₹3,68,710 | ₹42,54,375 |
| Year 7 | ₹1,65,418 | ₹3,55,276 | ₹40,88,957 |
| Year 8 | ₹1,80,039 | ₹3,40,655 | ₹39,08,918 |
| Year 9 | ₹1,95,953 | ₹3,24,741 | ₹37,12,965 |
| Year 10 | ₹2,13,274 | ₹3,07,420 | ₹34,99,691 |
| Year 11 | ₹2,32,125 | ₹2,88,569 | ₹32,67,566 |
| Year 12 | ₹2,52,643 | ₹2,68,051 | ₹30,14,923 |
| Year 13 | ₹2,74,974 | ₹2,45,720 | ₹27,39,949 |
| Year 14 | ₹2,99,279 | ₹2,21,415 | ₹24,40,670 |
| Year 15 | ₹3,25,733 | ₹1,94,961 | ₹21,14,937 |
| Year 16 | ₹3,54,525 | ₹1,66,169 | ₹17,60,412 |
| Year 17 | ₹3,85,862 | ₹1,34,832 | ₹13,74,550 |
| Year 18 | ₹4,19,968 | ₹1,00,726 | ₹9,54,582 |
| Year 19 | ₹4,57,090 | ₹63,604 | ₹4,97,492 |
| Year 20 | ₹4,97,492 | ₹23,202 | ₹0 |
Frequently asked questions
What is the EMI for ₹50,00,000 at 8.5% for 20 years?
₹43,391 per month, for 240 months.
How much total interest will I pay?
₹54,13,879 in interest, so ₹1,04,13,879 in total.
Does the EMI include processing fees or insurance?
No. EMI covers principal and interest only; processing fees, GST on fees and insurance are charged separately by the lender.