How to calculate a home loan EMI
- Replace the example amount, rate and tenure with your own.
- Read the EMI and the total interest.
- Open the year-by-year table, or add a prepayment.
About this tool
A home loan runs for many years, so small changes in the rate or the tenure make a big difference to the interest you pay. The boxes start with example figures: change the amount, rate and tenure to match your offer. The schedule shows how much of each year's payments is principal, and a prepayment option shows what an extra payment is worth.
Common questions
How much interest do I pay on a long home loan?
Often a large share of the loan amount. The calculator shows the exact total for your figures, and how it changes if you shorten the tenure.
Does a part payment reduce the EMI or the tenure?
You choose. Keeping the EMI and finishing sooner usually saves more interest than keeping the tenure and lowering the EMI.
Are the starting numbers my rate?
No. They are only example values so you can see how the page works. Type your own.
Is it free to use?
Yes. There's no sign-up, and you can use it as often as you like.
Is my text uploaded anywhere?
No. This tool runs inside your browser, so what you enter stays on your device.
Do I need to install anything?
No. It works in your browser on a computer or a phone.