Home Loan EMI Calculator - Calculate Your Housing Loan EMI
Calculate your home loan EMI, total interest payable, and view complete amortization schedule. Plan your housing loan with accurate monthly payment estimates.
Monthly EMI
₹0
Total Interest
₹0
Total Payment
₹0
Interest to Principal
0%
Loan Payoff
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Visualizations
Loan Balance Over Time
Principal vs Interest
Amortization Schedule
How to Calculate Home Loan EMI?
Home loan EMI calculation is simple with our calculator. Enter your loan amount (principal), interest rate offered by the lender, and your preferred repayment tenure. The calculator instantly displays your monthly EMI, total interest payable over the loan period, and the complete amortization schedule.
The formula used is: EMI = [P × r × (1+r)^n] / [(1+r)^n - 1]
Tips for Lower Home Loan EMI
- Longer Tenure: Opt for a longer repayment period to reduce monthly EMI
- Prepayment: Make partial prepayments to reduce principal and interest
- Compare Rates: Negotiate or switch lenders for better interest rates
- Credit Score: Maintain a good credit score (750+) for lower rates
Current Home Loan Interest Rates (2026)
| Lender | Starting Rate | Processing Fee |
|---|---|---|
| State Bank of India | 8.40% | 0.35% |
| HDFC Home Loans | 8.50% | 0.50% |
| ICICI Bank | 8.60% | 0.50% |
| Axis Bank | 8.55% | 1% |
| LIC Housing Finance | 8.45% | 0.50% |
Frequently Asked Questions
Most lenders offer home loans starting from ₹1 lakh. Some banks have a minimum of ₹5-10 lakhs for certain categories.
Home loan tenure typically ranges from 5 to 30 years. Some lenders offer up to 40 years for specific profiles.
Yes, most lenders allow prepayment of home loans. Many don't charge prepayment penalties for floating rate loans after a lock-in period.