Home Loan EMI Calculator
Work out the monthly EMI on your home loan, and see how a rate hike or cut changes your payments and the total interest you pay.
₹
₹ 1 L₹ 5,000,000₹ 10 Cr
% p.a.
5%15%
years
1 yr30 yrs
Your monthly EMI
₹ 43,391
- Principal amount
- ₹ 5,000,000
- Total interest
- ₹ 5,413,879
- Total amount payable
- ₹ 10,413,879
How a Rate Change Affects Your EMI
The same loan amount and tenure at nearby interest rates, for a hike or a cut in your loan rate.
| Interest rate | Monthly EMI | Change per month | Total interest |
|---|
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r the monthly interest rate and n the number of monthly instalments. Figures are indicative; your actual EMI depends on the lender’s terms, fees and rate resets.
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