Home Loan EMI Calculator
Instalment and 20- or 30-year amortisation for a housing loan, with the interest total spelled out.
Result
- Total payment
- ₹1,04,13,879
- Principal plus interest
- Amount borrowed
- ₹50,00,000
- Final instalment
- ₹43,392.20
- Adjusted to clear the balance exactly
| Year | Principal paid | Interest paid | Total paid | Closing balance |
|---|---|---|---|---|
| Year 1 | ₹99,511 | ₹4,21,182 | ₹5,20,694 | ₹49,00,489 |
| Year 2 | ₹1,08,307 | ₹4,12,387 | ₹5,20,694 | ₹47,92,181 |
| Year 3 | ₹1,17,881 | ₹4,02,813 | ₹5,20,694 | ₹46,74,300 |
| Year 4 | ₹1,28,300 | ₹3,92,394 | ₹5,20,694 | ₹45,46,000 |
| Year 5 | ₹1,39,641 | ₹3,81,053 | ₹5,20,694 | ₹44,06,359 |
| Year 6 | ₹1,51,984 | ₹3,68,710 | ₹5,20,694 | ₹42,54,375 |
| Year 7 | ₹1,65,418 | ₹3,55,276 | ₹5,20,694 | ₹40,88,958 |
| Year 8 | ₹1,80,039 | ₹3,40,655 | ₹5,20,694 | ₹39,08,918 |
| Year 9 | ₹1,95,953 | ₹3,24,741 | ₹5,20,694 | ₹37,12,965 |
| Year 10 | ₹2,13,274 | ₹3,07,420 | ₹5,20,694 | ₹34,99,691 |
| Year 11 | ₹2,32,125 | ₹2,88,569 | ₹5,20,694 | ₹32,67,566 |
| Year 12 | ₹2,52,643 | ₹2,68,051 | ₹5,20,694 | ₹30,14,924 |
| Year 13 | ₹2,74,974 | ₹2,45,720 | ₹5,20,694 | ₹27,39,949 |
| Year 14 | ₹2,99,279 | ₹2,21,415 | ₹5,20,694 | ₹24,40,670 |
| Year 15 | ₹3,25,733 | ₹1,94,961 | ₹5,20,694 | ₹21,14,937 |
| Year 16 | ₹3,54,525 | ₹1,66,169 | ₹5,20,694 | ₹17,60,412 |
| Year 17 | ₹3,85,862 | ₹1,34,832 | ₹5,20,694 | ₹13,74,551 |
| Year 18 | ₹4,19,968 | ₹1,00,726 | ₹5,20,694 | ₹9,54,583 |
| Year 19 | ₹4,57,090 | ₹63,604 | ₹5,20,694 | ₹4,97,493 |
| Year 20 | ₹4,97,493 | ₹23,202 | ₹5,20,695 | ₹0 |
Estimates only, on a fixed reducing-balance rate. Actual instalments vary with the lender’s rounding, processing fees, insurance and any rate reset — always check the sanction letter.
Estimated from the numbers you entered — not a projection of guaranteed returns.
About this calculator
Housing loans run the longest of any retail loan, so the interest total is dominated by the tenure rather than the rate. Over 20 years the interest can approach the amount borrowed. Use the year-wise table to see how slowly the balance moves in the first few years.
Formula
- EMI = P × i × (1 + i)^n ÷ ((1 + i)^n − 1)
- P = loan amount, i = annual rate ÷ 12 ÷ 100, n = tenure in months
- When i = 0 the formula collapses to EMI = P ÷ n
- Interest for a month = outstanding balance × i; the rest of the EMI reduces the balance
Frequently asked questions
My home loan rate is floating — is this still useful?
It models a fixed rate for the whole tenure, so treat the result as the picture at today’s rate. When the benchmark resets, re-run it with the new rate and the outstanding balance as the loan amount.
Does the EMI include insurance or processing fees?
No. This is principal and interest only. Processing fees, legal and valuation charges, and any bundled insurance premium sit outside the EMI and vary by lender.
Should I pick 20 years or 30 years?
That is a budgeting decision, not one this tool can make for you. Run both: the shorter tenure raises the monthly outgo and cuts the total interest sharply, and the prepayment calculator shows a middle path.