Home Loan India Calculator

Home Loan India EMI Calculator

Calculate your estimated EMI and total payment for your home loan based on the loan amount, interest rate, and tenure.

Loan Amount (₹) Interest Rate (%) Loan Tenure (years) EMI (₹) Total Payment (₹)

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

This Home Loan EMI Calculator helps you easily calculate the monthly EMI and total payment for your home loan based on your loan amount, interest rate, and loan tenure.

EMI Formula

EMI = [Loan Amount × Monthly Interest Rate × (1 + Monthly Interest Rate)^Loan Tenure] / [(1 + Monthly Interest Rate)^Loan Tenure – 1]

Example Calculation

If you take a loan of ₹5,00,000 at 8.5% interest for 20 years, your EMI will be ₹4,307.16, and the total payment over the loan term will be ₹1,03,38,704.93.

Why It Matters

Choosing the right home loan terms ensures you can afford your monthly payments while securing a long-term financial solution.

Smart Strategy

Ensure the EMI amount fits comfortably into your monthly budget to avoid financial stress during the loan tenure.

FAQs

What EMI amount is affordable? Ideally, your EMI should not exceed 40-50% of your monthly income.

How can I reduce my EMI? Consider increasing the loan tenure or making a larger down payment to reduce the EMI amount.