This free calculator shows the monthly EMI, total interest and total payment for a home loan. It runs in your browser, and nothing you type is sent anywhere.
Your loan
Result
Monthly EMI
₹34,713
Loan amount₹40,00,000
Total interest₹43,31,103
Total payment₹83,31,103
An estimate using the standard reducing-balance formula. The bank's offer, fees and rate changes will differ. The default values are only examples.
Questions
How is the EMI calculated?With the standard reducing-balance formula: EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate and n is the number of months.
Is this the bank's final EMI?No. It is an estimate. The bank's sanctioned rate, processing fees and any rate changes will change the real EMI.
How do telecallers use it?Buyers often ask about the monthly payment on the first call. Work it out here and send it on WhatsApp right after the call.
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