Home Loan Repayment Calculator Excel India

Home Loan Repayment Calculator

Calculate your home loan repayment schedule and monthly EMI based on the loan amount, interest rate, and tenure in India.

Loan Amount (₹) Interest Rate (%) Loan Tenure (years) Monthly EMI (₹)

function calculateEMI() { const loanAmount = parseFloat(document.getElementById(“loanAmount”).value); const interestRate = parseFloat(document.getElementById(“interestRate”).value) / 100 / 12; const loanTenure = parseFloat(document.getElementById(“loanTenure”).value) * 12; if (isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTenure) || loanAmount <= 0 || interestRate <= 0 || loanTenure el.value = “”); document.getElementById(“emiResult”).value = “”; }

This home loan repayment calculator helps you estimate your monthly EMI based on the loan amount, interest rate, and tenure in India. It assists you in planning your home loan repayments and managing your finances more effectively.

Formula

EMI = P × r × (1 + r)^n / [(1 + r)^n – 1]

Where:
P = Loan Amount
r = Monthly Interest Rate
n = Loan Tenure in Months

Example Calculation

If you take a loan of ₹500,000 at 7.5% interest for 20 years, your EMI would be calculated as per the formula mentioned above.

Why It Matters

Knowing your monthly EMI helps you manage your budget and ensures you are prepared for your home loan repayments over time.

FAQs

What is EMI? EMI stands for Equated Monthly Installment, the amount you pay monthly to repay your loan.

Can I reduce my EMI? By increasing your loan tenure or making a larger down payment, you can reduce your EMI.