Calculator
Home Loan EMI Calculator
Work out your monthly home loan EMI and total interest, and see how much time and interest a regular prepayment can save you.
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Interest rate per year8.5%
Loan tenure20 years
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Pay a little above the EMI to clear the loan sooner
Monthly EMI
₹43,391
Total interest (no prepayment)
₹54.14 lakh
Total payment (no prepayment)
₹1.04 crore
How the EMI is worked out:
EMI = P x r x (1 + r)^n / ((1 + r)^n - 1)
Over 20 years you would pay ₹54.14 lakh in interest, on top of the ₹50.00 lakh you borrowed. Add an extra payment above to see how prepayment cuts both the interest and the time.
Educational estimate assuming a fixed interest rate for the whole tenure. Actual EMIs, floating rates, and prepayment charges vary by lender. Not financial advice.