Home Loan EMI Calculator
Calculate your estimated monthly installments (EMI) and total payable amounts
Monthly Home Loan EMI
Principal Amount
₹ 39,17,578
Interest Amount
₹ 28,27,126
Total Amount Payable
₹ 67,44,704
What is EMI?
EMI stands for Equated Monthly Installment. It is the fixed payment amount made by a borrower to a lender at a specified date each month. It includes both principal and interest components, ensuring that the loan is fully repaid over a set period.
How is EMI Calculated?
The formula for calculating EMI is:
EMI = P × R × (1 + R)^N / ((1 + R)^N – 1)
- P: Principal Loan Amount
- R: Monthly Interest Rate (Annual Rate / 12 / 100)
- N: Loan Tenure in Months (Years × 12)
This calculator simplifies the process, allowing you to quickly understand your potential loan repayments by adjusting the loan amount, tenure, and interest rate.