About this calculator
A home loan EMI is calculated on the reducing balance: each month interest is charged on the outstanding principal and the rest of the EMI repays principal. On a ₹50 lakh loan at 8.5% for 20 years the EMI is about ₹43,391 and total interest is about ₹54,13,879 — nearly the loan amount again.
Home Loan EMI Calculator
Formula: EMI = P × r × (1 + r)^n ÷ [(1 + r)^n − 1], where P = loan, r = annual rate ÷ 12 ÷ 100, n = months.
EMI per ₹1 lakh
| Rate | 10 yrs | 15 yrs | 20 yrs | 25 yrs | 30 yrs |
|---|---|---|---|---|---|
| 7.50% | ₹1,187 | ₹927 | ₹806 | ₹739 | ₹699 |
| 8.00% | ₹1,213 | ₹956 | ₹836 | ₹772 | ₹734 |
| 8.50% | ₹1,240 | ₹985 | ₹868 | ₹805 | ₹769 |
| 9.00% | ₹1,267 | ₹1,014 | ₹900 | ₹839 | ₹805 |
| 9.50% | ₹1,294 | ₹1,044 | ₹932 | ₹874 | ₹841 |
EMI for every ₹1 lakh borrowed. Multiply by your loan amount in lakh.
EMI examples
| Loan amount | EMI @ 7.50% | EMI @ 8.50% | EMI @ 9.50% |
|---|---|---|---|
| ₹25,00,000 | ₹20,140 interest ₹23,33,559 | ₹21,696 interest ₹27,06,939 | ₹23,303 interest ₹30,92,787 |
| ₹50,00,000 | ₹40,280 interest ₹46,67,118 | ₹43,391 interest ₹54,13,879 | ₹46,607 interest ₹61,85,574 |
| ₹75,00,000 | ₹60,419 interest ₹70,00,677 | ₹65,087 interest ₹81,20,818 | ₹69,910 interest ₹92,78,361 |
Tenure 20 years, reducing-balance EMI.
How the rate changes your cost
| Rate | EMI | Total interest | Extra vs lowest rate |
|---|---|---|---|
| 7.50% | ₹40,280 | ₹46,67,118 | ₹0 |
| 8.00% | ₹41,822 | ₹50,37,281 | ₹3,70,163 |
| 8.50% | ₹43,391 | ₹54,13,879 | ₹7,46,760 |
| 9.00% | ₹44,986 | ₹57,96,711 | ₹11,29,593 |
| 9.50% | ₹46,607 | ₹61,85,574 | ₹15,18,456 |
₹50,00,000 for 20 years.
Frequently asked questions
What happens to my EMI when the repo rate changes?
For repo-linked loans the rate resets at least every three months. Most lenders keep the EMI and change the tenure; under RBI’s 2023 rules you can instead ask for a higher EMI, a longer tenure (within limits), a switch to fixed rate, or prepay.
Does the EMI include insurance?
No. Property or loan-protection insurance is separate and optional; if financed, it increases the loan.
What is pre-EMI?
For under-construction homes you pay only interest on the amount disbursed until full disbursal; regular EMIs start afterwards. Many lenders let you start full EMIs earlier.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.