Home Loan EMI Calculator
Monthly EMI, total interest and a year-by-year repayment schedule for a property loan.
Quick answer: On a ₹50 lakh home loan at 8.5% for 20 years, the EMI is about ₹43,391 a month and the total interest is about ₹54.14 lakh.
Year-by-year repayment schedule
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| 1 | ₹99,511 | ₹4,21,182 | ₹49,00,489 |
| 2 | ₹1,08,307 | ₹4,12,387 | ₹47,92,181 |
| 3 | ₹1,17,881 | ₹4,02,813 | ₹46,74,300 |
| 4 | ₹1,28,300 | ₹3,92,394 | ₹45,46,000 |
| 5 | ₹1,39,641 | ₹3,81,053 | ₹44,06,359 |
| 6 | ₹1,51,984 | ₹3,68,710 | ₹42,54,375 |
| 7 | ₹1,65,418 | ₹3,55,276 | ₹40,88,957 |
| 8 | ₹1,80,039 | ₹3,40,655 | ₹39,08,918 |
| 9 | ₹1,95,953 | ₹3,24,741 | ₹37,12,965 |
| 10 | ₹2,13,274 | ₹3,07,420 | ₹34,99,691 |
| 11 | ₹2,32,125 | ₹2,88,569 | ₹32,67,566 |
| 12 | ₹2,52,643 | ₹2,68,051 | ₹30,14,923 |
| 13 | ₹2,74,974 | ₹2,45,720 | ₹27,39,949 |
| 14 | ₹2,99,279 | ₹2,21,415 | ₹24,40,670 |
| 15 | ₹3,25,733 | ₹1,94,961 | ₹21,14,937 |
| 16 | ₹3,54,525 | ₹1,66,169 | ₹17,60,412 |
| 17 | ₹3,85,862 | ₹1,34,832 | ₹13,74,550 |
| 18 | ₹4,19,968 | ₹1,00,726 | ₹9,54,582 |
| 19 | ₹4,57,090 | ₹63,604 | ₹4,97,492 |
| 20 | ₹4,97,492 | ₹23,202 | ₹0 |
The default 8.5% is only an example. Use the rate your lender offers you. Budgeting for a purchase? Add stamp duty and registration with the stamp duty calculator.
Frequently asked questions
How is home loan EMI calculated?
EMI = P × i × (1 + i)n ÷ ((1 + i)n − 1), where P is the loan amount, i is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly payments. This is the standard reducing-balance method Indian banks use.
How much of a property's price can a bank lend?
RBI loan-to-value limits cap home loans at 90% of the property value for loans up to ₹30 lakh, 80% for ₹30–75 lakh and 75% above ₹75 lakh. Stamp duty and registration are usually paid from your own funds.
Does a shorter tenure save money?
Yes. A shorter tenure raises the EMI but cuts total interest sharply, because the balance falls faster. Try 15 and 25 years above to compare.
Is this EMI exact?
It is close to what lenders quote for a fixed rate. Floating rates change over the loan, and processing fees, insurance and pre-EMI interest on under-construction property are not included.
Rates and conventions last checked: .