LOANS · CALCULATOR
Home Loan EMI
Monthly EMI on a home loan, total interest and the year-by-year split of principal and interest.
Breakdown
Growth over time
Year by year
How this is calculated
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), with r the monthly rate and n the months.
What the letters mean: P = loan, r = yearly rate ÷ 12, n = months. Extra yearly payments and the one-time part payment reduce the balance; the EMI stays the same and the loan ends sooner.
Timing: EMIs are paid at the end of each month; extra payments at the end of the year.
Default values: Loan amount: ₹50.00 L · Interest rate (p.a.): 8.5 % · Tenure: 20 yrs · Extra payment every year: ₹0 · One-time part payment: ₹0 · Part payment in year: 3 yrs · Tax slab (old regime, for 80C + 24b): 0 %
Results are estimates, not investment or tax advice. Real returns go up and down; interest rates, taxes and charges change the actual amount. Please check with a CA or the income tax portal before filing.