Find your monthly EMI, total interest, and full repayment amount. Adjust loan amount, rate, and tenure using the sliders below.
Monthly EMITotal InterestYear-wise Schedule
Enter Loan Details
Loan Amount₹
₹ 1 Lakh₹ 2 Crore
Annual Interest Rate % p.a.
5%20%
Loan Tenure Years
1 Year30 Years
Monthly EMI
₹ 0
payable every month
Principal Amount₹ 0
Total Interest Payable₹ 0
Total Amount Payable₹ 0
Principal0% : 0%Interest
Year
Principal Paid
Interest Paid
Balance
How to Use This Calculator and What the Numbers Mean
Set the loan amount using the slider or type it in directly. Then enter the interest rate your bank has quoted and the number of years you want to repay the loan. The calculator updates instantly as you adjust any input.
Most home loans in India are currently offered between 8.5% and 9.5% per year for salaried applicants with a good credit score. Public sector banks like SBI and Canara Bank are generally on the lower end, while private banks and NBFCs tend to be higher.
One thing worth paying attention to is how much of your EMI in the first few years goes toward interest versus reducing the principal. On a 20-year loan, over 70% of your early EMIs is interest. This is why prepaying even a small amount in the first 5 years can save you significantly more than the same prepayment later in the tenure.
EMI is calculated using the formula: EMI = P x r x (1+r)^n divided by ((1+r)^n minus 1). Here P is the principal loan amount, r is the monthly interest rate (annual rate divided by 1200), and n is the total number of months. This formula gives a fixed monthly payment that covers both interest and principal repayment over the full tenure.
At 8.5% annual interest, the monthly EMI on a 50 lakh home loan for 20 years is approximately ₹ 43,391. The total interest paid over the full 20-year period comes to around ₹ 54.14 lakh, making the total repayment approximately ₹ 1.04 crore. Use the slider above to check for your specific loan amount and rate.
At 8.5% for 20 years, the EMI on a 30 lakh loan is approximately ₹ 26,035 per month. Total interest over 20 years would be around ₹ 32.48 lakh. Extending the tenure to 25 years brings the EMI down to about ₹ 24,157, but total interest increases significantly.
A shorter tenure means a higher EMI but much less total interest paid. For example, on a 50 lakh loan at 8.5%, choosing 15 years instead of 25 years increases the EMI by about ₹ 8,000 per month but saves over ₹ 25 lakh in total interest over the life of the loan. If you can comfortably afford the higher EMI, the shorter tenure is generally the better financial decision.
Home loan rates in 2026 range from about 8.5% to 9.5% for salaried applicants at public sector banks, and 8.75% to 10.5% at private banks and NBFCs. The rate you get depends on your credit score, income, employment type, and the loan amount. A CIBIL score above 750 typically helps you get the best available rate.