Home Loan EMI Calculator

Calculate EMI, Interest & Amortization Schedule

Calculate your home loan EMI with detailed breakdown, amortization schedule, and prepayment analysis.

Loan Details

50,00,000
₹1L₹5Cr
8.50%
6%15%
20 years
1 year30 years

Extra payment made annually to reduce principal

EMI Formula

EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]

Where P = Principal, r = Monthly interest rate, n = Number of months

Tips to Save on Interest

  • Make annual prepayments to reduce principal
  • Choose shorter tenure if affordable
  • Compare rates from multiple lenders
  • Consider floating rate for falling markets
  • Claim tax deductions under 24b & 80C