Home Loan EMI Calculator
Plan home loan affordability by comparing EMI, interest cost, tenure impact, and repayment schedule before applying.
Loan EMI
₹ 30,595.70
Thirty thousand five hundred ninety six rupees onlyTotal Interest Payable
₹ 38,42,967.14
Thirty eight lakh forty two thousand nine hundred sixty seven rupees onlyTotal Payment (Principal + Interest)
₹ 73,42,967.14
Seventy three lakh forty two thousand nine hundred sixty seven rupees onlyBreak-up of Total Payment
- Principal 47.7%
- Total Interest 52.3%
Yearly Principal, Interest, and Balance Trend
Bars show yearly payment split. The line shows remaining balance at the end of each year.
Year-wise Repayment Schedule
Click any year to view month-wise breakup.
| Year | Principal (A) | Interest (B) | Total Payment (A + B) | Balance | Loan Paid To Date |
|---|---|---|---|---|---|
| ₹ 39,426.15 | ₹ 1,74,743.75 | ₹ 2,14,169.90 | ₹ 34,60,573.85 | 1.13% | |
| ₹ 72,346.61 | ₹ 2,94,801.79 | ₹ 3,67,148.40 | ₹ 33,88,227.24 | 3.19% | |
| ₹ 78,819.58 | ₹ 2,88,328.82 | ₹ 3,67,148.40 | ₹ 33,09,407.66 | 5.45% | |
| ₹ 85,871.76 | ₹ 2,81,276.64 | ₹ 3,67,148.40 | ₹ 32,23,535.90 | 7.90% | |
| ₹ 93,554.89 | ₹ 2,73,593.51 | ₹ 3,67,148.40 | ₹ 31,29,981.01 | 10.57% | |
| ₹ 1,01,925.44 | ₹ 2,65,222.96 | ₹ 3,67,148.40 | ₹ 30,28,055.57 | 13.48% | |
| ₹ 1,11,044.92 | ₹ 2,56,103.48 | ₹ 3,67,148.40 | ₹ 29,17,010.65 | 16.66% | |
| ₹ 1,20,980.35 | ₹ 2,46,168.05 | ₹ 3,67,148.40 | ₹ 27,96,030.30 | 20.11% | |
| ₹ 1,31,804.72 | ₹ 2,35,343.68 | ₹ 3,67,148.40 | ₹ 26,64,225.58 | 23.88% | |
| ₹ 1,43,597.56 | ₹ 2,23,550.84 | ₹ 3,67,148.40 | ₹ 25,20,628.02 | 27.98% | |
| ₹ 1,56,445.58 | ₹ 2,10,702.82 | ₹ 3,67,148.40 | ₹ 23,64,182.44 | 32.45% | |
| ₹ 1,70,443.07 | ₹ 1,96,705.33 | ₹ 3,67,148.40 | ₹ 21,93,739.37 | 37.32% | |
| ₹ 1,85,692.98 | ₹ 1,81,455.42 | ₹ 3,67,148.40 | ₹ 20,08,046.39 | 42.63% | |
| ₹ 2,02,307.31 | ₹ 1,64,841.09 | ₹ 3,67,148.40 | ₹ 18,05,739.08 | 48.41% | |
| ₹ 2,20,408.18 | ₹ 1,46,740.22 | ₹ 3,67,148.40 | ₹ 15,85,330.90 | 54.70% | |
| ₹ 2,40,128.59 | ₹ 1,27,019.81 | ₹ 3,67,148.40 | ₹ 13,45,202.31 | 61.57% | |
| ₹ 2,61,613.38 | ₹ 1,05,535.02 | ₹ 3,67,148.40 | ₹ 10,83,588.93 | 69.04% | |
| ₹ 2,85,020.49 | ₹ 82,127.91 | ₹ 3,67,148.40 | ₹ 7,98,568.44 | 77.18% | |
| ₹ 3,10,521.89 | ₹ 56,626.51 | ₹ 3,67,148.40 | ₹ 4,88,046.55 | 86.06% | |
| ₹ 3,38,304.96 | ₹ 28,843.44 | ₹ 3,67,148.40 | ₹ 1,49,741.59 | 95.72% | |
| ₹ 1,49,741.59 | ₹ 3,234.74 | ₹ 1,52,978.50 | ₹ 0.00 | 100.00% |
Loan Calculator - Calculate EMI, Affordability, Tenure & Interest Rate
What this calculator does
Plan home loan affordability by comparing EMI, interest cost, tenure impact, and repayment schedule before applying. This page estimates EMI, total interest, total payable, and repayment schedule so users can compare loan and credit scenarios before final commitment.
How to use it
- Enter home loan amount: Set the required principal amount using input or slider.
- Set interest and tenure: Choose annual rate, tenure value, and years/months unit.
- Add optional charges: Include processing fee and down payment for total-cost comparison.
- Choose EMI scheme: Pick arrears or advance EMI and set schedule start month/year.
- Review outputs: Check EMI, APR, yearly chart, and full amortization table.
Formula used
EMI = [P x R x (1 + R)^N] / [(1 + R)^N - 1]
- P = principal loan amount
- R = monthly interest rate (annual rate / 12 / 100)
- N = total number of monthly installments
Step-by-step example
Example: Loan amount Rs.35,00,000, annual rate 8.60%, tenure 20 years. Convert annual rate to monthly rate, apply EMI formula, then review yearly chart and month-wise table to understand long-term principal versus interest contribution.
Common mistakes to avoid
- Entering annual interest as monthly rate or vice versa.
- Ignoring processing fee while comparing lender offers.
- Choosing tenure only by low EMI without checking total interest outflow.
- Skipping GST effect checks in credit-card EMI routes.
Practical tips
- Compare at least three tenure options before finalizing a loan or EMI conversion.
- Use down payment and fee inputs to model real payable cost, not headline EMI alone.
- Export and share schedule output with family or co-applicants before commitment.
- Re-check calculations whenever rate assumptions change.
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Disclaimer
TN Makkal is independent and not affiliated with government departments, banks, NBFCs, or card issuers. Calculator results are planning estimates and must be verified with official lender or issuer statements before financial decisions.
Plan better with amount-in-words support, fixed and floating rate comparison, EMI scheme choices, and clear repayment visibility.
- What is my monthly EMI for this amount, rate, and tenure?
- How much can I borrow while keeping EMI within a comfortable limit?
- How soon can I close the loan with my selected scheme and tenure?
- What is the effective borrowing cost after fees and charges?
APR is a broader view than plain interest rate because it includes one-time fees (like processing charges) along with interest. Use APR and total payable together while comparing loan offers.
Example: If interest is shown as 0% but processing fees are charged upfront, your effective borrowing cost is still positive. Always check APR.
EMI Calculator
Enter loan amount, rate type, and tenure to get monthly EMI, total interest, total payable, and full repayment schedule.
Loan Amount and Affordability
Use your comfortable EMI and expected tenure to estimate a practical borrowing limit before applying.
Loan Tenure Planning
Compare shorter and longer repayment windows to balance monthly burden, total interest outflow, and closure timeline.
Interest Rate Sensitivity
Model how fixed and floating rate changes affect EMI and total payable so you can negotiate better with lenders.
Consumer Loans: Secured vs Unsecured
Secured Loans
In secured loans, you pledge an asset (for example property or vehicle). Because lender risk is lower, approval chances can be better and rates may be more competitive.
- Common examples: Home loans and auto loans
- Collateral can reduce lender risk and improve terms
- Default can lead to recovery action on pledged asset
Unsecured Loans
Unsecured loans do not need collateral. Approval is usually based on income, repayment history, and credit profile, and interest rates are often higher than secured loans.
- Common examples: Personal loans and small consumer credit
- Lenders rely heavily on credit score and repayment behavior
- Late payments can quickly raise borrowing cost in future
What Lenders Usually Check (Five C's of Credit)
- Character: repayment track record and credit discipline
- Capacity: ability to repay based on income vs existing obligations
- Capital: savings, down payment strength, and financial buffer
- Collateral: asset security value (applies to secured loans)
- Conditions: rate cycle, industry risk, and loan purpose context
Credit Score Reference (Indicative)
Many lenders in India use a 300-900 score scale. This quick reference is for planning and awareness.
| Score Range | Band | Typical Lending View |
|---|---|---|
| 750 - 900 | Strong | Higher approval odds and better rate negotiation room |
| 700 - 749 | Good | Usually eligible in many cases with standard terms |
| 650 - 699 | Moderate | Approvals possible, but terms can be stricter |
| 300 - 649 | Needs Improvement | Lower approval odds and often higher borrowing cost |
EMI and Credit Profile: 5 Practical Points
- Pay all EMIs and credit card dues on or before the due date every month.
- Keep credit utilization in a safer band (commonly below 30% to 40%).
- Avoid multiple loan applications in a short period to reduce hard inquiries.
- Use part-prepayments to reduce principal faster and lower total interest.
- Maintain an emergency buffer of at least 3 to 6 EMIs to prevent late payments.
Loan Type Specific Planning
- Understand long-term interest impact across 10 to 30 year tenures.
- Compare fixed vs floating rate and arrears vs advance EMI before finalizing with your lender.
- Use yearly and month-wise schedule views to plan prepayments at the right time.
How to use this EMI calculator
- Enter home loan amount
Set the required principal amount using input or slider.
- Set interest and tenure
Choose annual rate, tenure value, and years/months unit.
- Add optional charges
Include processing fee and down payment for total-cost comparison.
- Choose EMI scheme
Pick arrears or advance EMI and set schedule start month/year.
- Review outputs
Check EMI, APR, yearly chart, and full amortization table.
EMI Formula
Plan home loan affordability by comparing EMI, interest cost, tenure impact, and repayment schedule before applying.
EMI = [P x R x (1 + R)^N] / [(1 + R)^N - 1]
- P = principal loan amount
- R = monthly interest rate (annual rate / 12 / 100)
- N = total number of monthly installments
What is EMI?
EMI (Equated Monthly Installment) is the fixed monthly amount paid towards both principal and interest until the loan is fully repaid.
Factors that affect EMI
- Rate of interest: Higher rates increase EMI and total repayment cost.
- Loan amount: A larger principal directly increases monthly EMI and total due amount.
- Loan tenure: Longer tenure can reduce EMI but may increase total interest outflow.
Advantages of using this EMI calculator
- Budget clarity: Understand if EMI fits your monthly cash flow before applying.
- Scenario comparison: Change amount, tenure, and rate to compare options quickly.
- Decision confidence: Estimate repayment obligations before committing to a lender offer.
This calculator is for planning estimates. Final EMI, charges, and repayment schedule may vary by lender policies, disbursement structure, and rate resets.
Frequently Asked Questions
How is home loan EMI calculated?
EMI uses principal amount, monthly interest rate, and total tenure months. This page also shows detailed monthly balance reduction.
Should I compare fixed and floating rate scenarios?
Yes. Comparing both helps you estimate repayment under stable and market-linked rate assumptions before finalizing a lender offer.
Does this calculator include processing fee impact?
Yes. Optional processing fee is included in total payment and APR estimate for better cost comparison.
Can I use this schedule for prepayment planning?
Yes. Year-wise and month-wise breakup helps identify where prepayment can reduce total interest faster.
Related EMI Calculators
This is an estimate tool for planning. Actual lender schedule can differ due to rate reset rules, taxes, and bank-specific processing policies.