Home Loan EMI Calculator
Updated 20 August 2026
Calculate your monthly EMI, total interest payable, and a full year-by-year amortisation schedule for a home loan.
Open the Live Home Loan EMI Calculator →Frequently asked questions
What is a Home Loan EMI calculator?
It calculates your fixed Equated Monthly Instalment based on the loan amount, interest rate, and tenure, and breaks down how much of that EMI goes toward principal versus interest over the life of the loan.
What is the EMI formula?
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is the loan principal, r is the monthly interest rate (annual rate divided by 12 and by 100), and n is the total number of monthly instalments.
Why does the interest portion of my EMI reduce over time?
Interest is charged on the outstanding balance, which shrinks with every payment, so early EMIs are interest-heavy and later EMIs are increasingly principal-heavy even though the total EMI amount stays the same throughout.
What is amortisation?
Amortisation is the process of gradually paying off a loan through regular instalments, where each payment covers that period's interest plus a portion of the principal, and the amortisation schedule shows this split for every year of the loan.