Home Loan EMI Calculator

Home Loan Amount    Rs.
Interest Rate % Per Annum
Loan Tenure Years
Loan Amount
Rs. 20,00,000
Monthly Instalment (EMI)
Rs. 19,968
Total Interest Amount
Rs. 27,92,223
Total Amount (Principal + Interest)
Rs. 47,92,223

Get Instant home loan emi quotes from top 17 Banks online & your CIBIL score absolutely FREE.

Loan Amount
Occupation
Annual Income
City
54,02,013 loan quotes taken till now.
  • 54 lakh customers serviced to get best Loan deals with deal4loans. Deal4loans views Published @ yourstory.com
  • As RBI cuts rate, should you go for fixed home loan Deal4loans views Published @ Economic Times online.
Year Principal Interest Balance Amount
1 Rs. 31,083 Rs. 208,533 Rs. 1,968,917
2 Rs. 34,509 Rs. 205,107 Rs. 1,934,408
3 Rs. 38,311 Rs. 201,305 Rs. 1,896,097
4 Rs. 42,537 Rs. 197,079 Rs. 1,853,560
5 Rs. 47,221 Rs. 192,395 Rs. 1,806,339
6 Rs. 52,426 Rs. 187,190 Rs. 1,753,913
7 Rs. 58,203 Rs. 181,413 Rs. 1,695,710
8 Rs. 64,618 Rs. 174,998 Rs. 1,631,092
9 Rs. 71,740 Rs. 167,876 Rs. 1,559,352
10 Rs. 79,644 Rs. 159,972 Rs. 1,479,708
11 Rs. 88,422 Rs. 151,194 Rs. 1,391,286
12 Rs. 98,165 Rs. 141,451 Rs. 1,293,121
13 Rs. 108,983 Rs. 130,633 Rs. 1,184,138
14 Rs. 120,994 Rs. 118,622 Rs. 1,063,144
15 Rs. 134,327 Rs. 105,289 Rs. 928,817
16 Rs. 149,132 Rs. 90,484 Rs. 779,685
17 Rs. 165,567 Rs. 74,049 Rs. 614,118
18 Rs. 183,812 Rs. 55,804 Rs. 430,306
19 Rs. 204,069 Rs. 35,547 Rs. 226,237
20 Rs. 226,407 Rs. 13,056 Rs. 0
Bank Name Interest Rate
Estimated EMI as Per Loan Amount
HDFC LTD 8.40% - 9.35%
Rs. 17,230 - Rs. 18,447
ICICI Bank 8.35% - 8.80%
Rs.17,167 - Rs.17,738
SBI 8.35% - 8.90%
Rs.17,167 - Rs. 17,866
PNB Housing 8.35% - 9.25%
Rs. 17,167 - Rs. 18,317
Axis Bank 8.40% - 8.75%
Rs.17,167 - Rs.17,674
LIC Housing 8.45% - 8.90%
Rs. 17,293 - Rs. 17,866
Fed Bank 9.57% - 9.82%
Rs. 18,734 - Rs. 19,063
PNB Home Loan 8.65% - 8.75%
Rs. 17,293 - Rs.17,674
IDBI Home Loan 8.35% - 8.40%
Rs. 17,167 - Rs17,230
DHFL Home Loan 8.35%
Rs. Rs. 17,167
Indiabulls Home Loan 8.35% - 8.80%
Rs.17,167 - Rs.17,738
Union Bank 8.75% - 8.80%
Rs. 17,674 - Rs.17,738
Vijaya Bank 8.90%
Rs. 17,866
Standard Chartered Bank 8.51%
Rs. 17,369
Indian Bank 8.60%
Rs. 17,483
Shubham Housing Development Finance Company 12%-14%(For Salaried) - 15%-17%(For Self-employed)
Rs. 22,022-Rs.24,870(For Salaried) - Rs.26,336-Rs.29,336(For Self-employed)
Allahabad Bank 8.55% - 8.65%
Rs. Rs.17,420 - Rs.17,547
Bank of India 8.55% - 8.60%
Rs. 17,420 - Rs. 17,483
Corporation Bank 9.60%
Rs. 18,773
L & T Housing Finance 9.90%
Rs. 19,168
Citibank 8.60% - 8.85%
Rs. 17,483 - Rs. 17,802

A customer needs to know how much has to pay per month for the home loan he has taken from the bank at respective Interest Rate, Loan amount & repayment period.

How is Home loan EMI calculated?

To calculate exact per month emi, it is based on the loan you have taken and the interest on is calculated and the amount is paid within the decided period ie tenure.
So if you take a 3000000 home loan and the interest is 8.45% for 20 years, your emi will be Rs. 25,845. So Home loan emi depends upon below 3 points:
  1. Loan amount
  2. Tenure
  3. Interest rates

Formula of Calculating monthly Home loan emi

Mathematically, EMIs are computed using the following formula Monthly Instalment Amount = [ P x R X (1 + R) ^ N] / [ (1 + R) ^N - 1] So for customer / user’s help, we have pre calculated some loan amount emi’s for respective tenure periods at various interest rates so its’s easy to know how much loan amount have to pay and what’s an outgo and how much interest you paid and how much you can save if you lower your tenure.
Interest Rates 8.35% - 8.55%
EMI Per 1 Lakh Rs.758 – Rs.772
Repayment Period 30 Years
Processing Fees NIL
Pre Payment Charges NIL

Example of 1 lakh loan amount for various years

Interest Rates Repayment Period EMI Per month
8.35% 5 year Rs.2044
8.35% 10 years Rs.1232
8.35% 15 years Rs.976
8.35% 20 years Rs.858
8.35% 25 years Rs.795
8.35% 30 years Rs.758

5 lakh loan amount for various years

Interest Rates Repayment Period EMI Per month Total Amount (Principal + Interest)
8.35% 5 year 10220 613329
8.35% 10 years 6160 739109
8.35% 15 years 4880 878370
8.35% 20 years 4290 1030024
8.35% 25 years 3975 1192716
8.35% 30 years 3790 1364955

8 lakh home loan emi calculation

Interest Rates Repayment Period EMI Per month Total Amount (Principal + Interest)
8.35% 5 year 16352 981327
8.35% 10 years 9856 1182575
8.35% 15 years 7808 1405392
8.35% 20 years 6864 1648038
8.35% 25 years 6360 1908345
8.35% 30 years 6064 2183928

10 lakh home loan emi calculation

Interest Rates Repayment Period EMI Per month Total Amount (Principal + Interest)
8.35% 5 year 20440 1226659
8.35% 10 years 12320 1478219
8.35% 15 years 9760 1756740
8.35% 20 years 8580 2060047
8.35% 25 years 7950 2385432
8.35% 30 years 7580 2729910

13 lakh home loan emi calculation

Interest Rates Repayment Period EMI Per month Total Amount (Principal + Interest)
8.35% 5 year 26572 1594656
8.35% 10 years 16016 1921684
8.35% 15 years 12688 2283762
8.35% 20 years 11154 2678061
8.35% 25 years 10335 3101061
8.35% 30 years 9854 3548883

18 Lakh home loan emi calculation

Interest Rates Repayment Period EMI Per month Total Amount (Principal + Interest)
8.35% 5 year 36792 2207986
8.35% 10 years 22176 2660794
8.35% 15 years 17568 3162132
8.35% 20 years 15444 3708085
8.35% 25 years 14310 4293777
8.35% 30 years 13644 4913837

25 Lakh home loan emi calculation

Interest Rates Repayment Period EMI Per month Total Amount (Principal + Interest)
8.35% 5 year 51100 3066647
8.35% 10 years 30800 3695547
8.35% 15 years 24400 4391851
8.35% 20 years 21450 5150118
8.35% 25 years 19875 5963580
8.35% 30 years 18950 6824774

30 Lakh home loan emi calculation

Interest Rates Repayment Period EMI Per month Total Amount (Principal + Interest)
8.35% 5 year 61320 3679976
8.35% 10 years 36960 4434656
8.35% 15 years 29280 5270221
8.35% 20 years 25740 6180141
8.35% 25 years 23850 7156295
8.35% 30 years 22740 8189729

35 Lakh home loan emi calculation

Interest Rates Repayment Period EMI Per month Total Amount (Principal + Interest)
8.35% 5 year 71540 4293306
8.35% 10 years 43120 5173765
8.35% 15 years 34160 6148591
8.35% 20 years 30030 7210165
8.35% 25 years 27825 8349011
8.35% 30 years 26530 9554684

You Can Calculate Home loan EMI for below mentioned Banks:

SBI, HDFC, Axis Bank, Bank of Baroda, Bank of India, Union Bank, DHFL, LIC Housing, SBP, Canara Bank, Allahabad Bank, ICICI Bank, Yes Bank, Citibank, PNB, UCO Bank, Indiabulls & others.