Property Tools

Home Loan EMI Calculator

Estimate your monthly EMI, total interest payable and overall cost of a home loan. Adjust the values below to see results instantly.

Loan details

Monthly EMI

₹35,348

Principal

₹40,00,000

Total interest

₹44,83,623

Total repayment

₹84,83,623

Processing fee

₹25,000

Principal 47%Interest 53%

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Note: This is an indicative estimate. Actual EMI, processing fees, and total cost depend on your lender's terms, credit score, and prevailing interest rates.

Frequently asked questions

How is the EMI calculated?

EMI = P × R × (1+R)^N / ((1+R)^N − 1), where P is the loan amount, R is the monthly interest rate (annual rate ÷ 12 ÷ 100) and N is the tenure in months.

Does this include processing fees or GST?

The processing fee is shown separately and added to your total upfront cost. EMI itself reflects only principal and interest. Lenders may add GST on the processing fee and other one-time charges.

What is a typical home loan interest rate in India?

Floating rates from major Indian banks usually fall between 8.5% and 9.5% per annum, depending on your credit score, employment type, and lender. Always confirm the latest rate with the bank.

What tenure should I choose?

A longer tenure reduces monthly EMI but increases total interest paid. A shorter tenure means a higher EMI but significant interest savings over the life of the loan.