The Simple Home Loan EMI Calculator
The only calculator you need to check your Home Loan EMIs
Loan Details
Rs. 50,00,000
%
20y
Enter loan term in months (Max: 30 years)
Selected: August 2025
Calculation Results
Monthly EMI
Rs. 21,247
Total Amount Payable
Rs. 12,74,820
Total Interest
Rs. 2,74,820
Loan Summary
Principal Amount:
Rs. 10,00,000
Interest Rate:
10% per annum
Loan Term:
5y
Start Date:
August 2025
End Date:
July 2030
Payment Breakdown
Principal: Rs. 10,00,000 (78.4%)
Interest: Rs. 2,74,820 (21.6%)
EMI Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
P: Principal loan amount
R: Monthly interest rate
N: Number of monthly installments
Your Calculation:
P = Rs. 50,00,000
R = 10.00% ÷ 12 = 0.833% per month
N = 240 months
EMI = [50,00,000 × 0.00833 × (1.00833)^240] / [(1.00833)^240 – 1]
EMI = Rs. 48,251