Home Loan EMI Calculator
Home loans are the longest-tenure loans most Indians take. A small change in rate or tenure can swing lifetime interest by lakhs of rupees. Use this calculator to try different combinations before finalising your loan.
Last updated: 15 June 2025
₹
₹5,00,000₹5,00,00,000
%
7%12%
years
1 yr30 yrs
Monthly EMI
₹44,186
Total Interest
₹56,04,529
Total Payment
₹1,06,04,529
Principal
Interest
Interpreting the numbers
On a ₹50 lakh home loan at 8.75% for 20 years, monthly EMI is roughly ₹44,186. Over the full tenure, you pay about ₹56 lakh in interest - more than the loan itself. Shortening the tenure by 5 years cuts that interest by nearly ₹15 lakh.
How to reduce total interest
- Choose the shortest tenure your EMI budget allows
- Make part-payments annually with bonuses
- Refinance to a lower rate if rate gap > 40 bps
- Increase EMI by 5-10% each year as income grows