Home Loan EMI Calculator
A home loan EMI has three inputs: the amount you borrow, the interest rate, and how long you take to repay. Change any one and the calculator below shows the new instalment, the total interest, and the month-by-month schedule. The rate you are actually offered depends on your credit profile, income and the lender's assessment.
Monthly EMI
₹39,216
₹50 Lakh at 7.15% for 20 years
Interest is 88% of the amount borrowed over this tenure.
Year-by-year repayment schedule
How each year splits between interest and principal. Early years are mostly interest, which is why prepaying early saves so much more than prepaying late.
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹1,16,878 | ₹3,53,719 | ₹48,83,122 |
| 2 | ₹1,25,514 | ₹3,45,083 | ₹47,57,608 |
| 3 | ₹1,34,788 | ₹3,35,809 | ₹46,22,820 |
| 4 | ₹1,44,748 | ₹3,25,849 | ₹44,78,072 |
| 5 | ₹1,55,443 | ₹3,15,154 | ₹43,22,629 |
This calculator returns arithmetic on the figures you enter. It is not an offer, does not check your eligibility, and cannot predict the rate a lender will sanction. Loans Got Easy is an authorised Direct Selling Agent - we do not sanction, approve or disburse loans.
Tenure is the input borrowers underestimate
On a 50 lakh loan at 8.5%, stretching from 20 years to 30 years drops the EMI by roughly 4,945 a month, which feels like relief. It also adds close to 34 lakh in interest across the loan. The longer tenure is the right answer when it is the difference between qualifying and not qualifying, or when it buys breathing room you genuinely need. It is the wrong answer when it is used to afford a more expensive property than the income supports. Run both in the calculator before deciding.
The rate you see advertised is a starting rate
Published home loan rates are the floor for a borrower with a strong credit score, a salaried job at a well-rated employer, and a comfortable loan-to-value ratio. Lenders price upward from there in steps: a lower credit band, a higher LTV, self-employed income, or a property in an area the lender's valuation team is cautious about. A 25 to 75 basis point gap between the advertised figure and the sanctioned figure is ordinary, not a bait and switch.
What the EMI does not include
The instalment covers principal and interest only. Budget separately for the processing fee, legal and technical valuation charges, property insurance where the lender requires it, and stamp duty and registration on the property itself. In Telangana, registration adds about 6% of the property value inside municipal limits. Our Telangana stamp duty calculator works that figure out separately.
How lenders check whether you can afford it
Most lenders work to a Fixed Obligation to Income Ratio: the share of your gross monthly income that may go to all EMIs combined, including this one. Around 50% is a common working ceiling for salaried borrowers, tightening at lower incomes and easing for high earners. An existing car loan or credit card EMI eats into that allowance before the home loan gets any of it, which is why closing a small loan before applying sometimes raises the sanctioned amount by more than the loan was worth.
Rates sourced from partner lender published rate schedules, last verified August 2026. Figures produced by this calculator are indicative and depend entirely on the inputs you provide. The rate you are offered is set by the lender based on your credit profile, income, employer, loan amount and tenure.
Frequently Asked Questions
EMI = [P × r × (1+r)^n] / [(1+r)^n - 1], where P is the principal, r is the monthly interest rate (annual rate divided by 12, then by 100), and n is the tenure in months. The calculator on this page applies exactly this formula on the reducing balance method, which is what every bank and housing finance company in India uses for home loans.
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Rates last verified August 2026. Loans Got Easy is a loan advisory and Direct Selling Agent. We do not sanction, approve or disburse loans - the lender does, based on its own credit assessment.