Home Loan Calculator

Calculate EMI of your home loan.

|5L|25L|50L|75L|1cr|1.25cr|1.5cr|1.75cr|2cr
Year
|5|10|15|20|25|30
%
|5|10|15|20|25|30|35

Calculations

Your loan details as specified by you

EMI ()
9,436
Total Payable Interest ()
66,137
Total Payments Made Over Loan Term ()
5,66,137
Interest Amount ()
66,137
Principal Amount ()
5,00,000
Total Payments ()
5,66,137
Loan Amount () :5,00,000
Interest Rate (%) :5
Loan Tenure (Year) :5
Start Month & Year :2023-01
YearOpening Balance ()EMI ()Interest paid monthly ()Principal paid monthly ()Closing Balance ()
20235,00,0001,13,23222,95090,2784,09,722
20244,09,7221,13,23218,33194,8973,14,826
20253,14,8261,13,23213,47899,7542,15,074
20262,15,0741,13,2328,3731,04,8551,10,220
20271,10,2201,13,1923,0081,10,2580

Home Loan EMI Calculation

Formula for Home Loan EMI Calculation:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,

E: Equivalent Monthly Installment,

P: Principal or total loan amount,

r: Interest rate per month (the annual interest rate is divided by 12 to get the monthly interest rate), and

n: Number of monthly instalments or loan tenure in months.

*This formula excludes the home loan processing fee charged by the bank.

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