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Home Loan EMI Calculator
Calculate monthly EMI, total interest and total repayment.
Monthly EMI₹43,391Total interest₹54,13,879Total repayment₹1,04,13,879
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Home Loan EMI & Eligibility Calculators
Understand the monthly commitment before you shortlist a home. Adjust the loan amount, interest rate, tenure and income to compare realistic scenarios.
EMI estimate Eligibility estimate Transparent assumptions
₹43,391estimated EMI per month
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Home Loan Eligibility Calculator
Estimate a possible loan amount from income and existing EMIs.
Indicative loan eligibility₹46,09,234EMI capacity used₹40,000/month
This planning estimate assumes up to 50% of net monthly income can service all loan obligations. Banks use their own FOIR, age, credit score, employer, property and documentation rules.
How it works
A calculator is a planning tool—not a sanction letter
The EMI calculation uses the standard reducing-balance formula based on principal, monthly interest rate and number of monthly instalments. Your final lender offer may also include processing fees, insurance, legal charges and a different rate.
01 Compare the same loan amount and tenure across lenders.02 Keep a buffer for maintenance, tax and registration costs.03 Recalculate EMI if the rate is floating.04 Check prepayment and foreclosure conditions.
Home-loan calculator FAQs
How is home-loan EMI calculated?
EMI is calculated as P × R × (1+R)^N ÷ ((1+R)^N − 1), where P is principal, R is the monthly interest rate and N is the number of monthly instalments.
Is the eligibility amount guaranteed?
No. It is an indicative planning figure. A lender may approve more or less after checking age, income stability, credit score, existing liabilities, property documents, valuation and its internal policy.
Does a longer tenure reduce EMI?
Usually yes, but it also increases the total interest paid. Compare both the monthly EMI and the total repayment before choosing a tenure.