EMI calculator
Work out the monthly instalment for your buyer’s home loan in seconds. Everything is calculated on this device.
Monthly EMI₹21,696
- Total interest
- ₹27,06,939
- Total payment (principal + interest)
- ₹52,06,939
First EMI: interest ₹17,708 + principal ₹3,987
How it is calculated
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
P = loan amount, r = yearly rate ÷ 12 ÷ 100 (monthly rate), n = number of monthly instalments.
Assumptions
- The interest rate stays the same for the whole tenure.
- Interest is charged monthly on the outstanding balance (reducing balance).
- Processing fees, insurance, taxes and prepayments are not included.
- Amounts are rounded to the nearest rupee for display.
For estimation only — verify with a professional.