EMI (Equated Monthly Instalment) is the fixed monthly payment you make to repay a loan. It includes both the principal amount and the interest.

How is EMI calculated?

EMI = [P x R x (1+R)^N] / [(1+R)^N - 1], where P = Principal, R = Monthly interest rate, N = Number of months.

What is a good home loan interest rate in India 2025?

Home loan interest rates in India in 2025 typically range from 8.5% to 10.5% per annum.

🏠 EMI Calculator

Type values directly or use the slider — both work!

Loan Amount in ₹ Rupees

₹1 Lakh₹1 Crore

✏️ Type any amount directly in the box, or drag the slider

Annual Interest Rate % per annum

5%24%

✏️ Type your bank's interest rate (e.g. 9.25)

Loan Tenure in Years

1 Year30 Years

✏️ Type number of years (1–30)

Loan Type

📊 Your EMI Breakdown

Monthly EMI

₹17,356

Total Interest

₹21,65,506

Principal Amount

₹20,00,000

Total Payment

₹41,65,506

Interest %

52%

Principal

Interest

📋 Year-wise Amortization Schedule

Year	Opening Balance	Principal Paid	Interest Paid	Closing Balance

What is an EMI Calculator?

An EMI (Equated Monthly Instalment) calculator helps you calculate the exact monthly amount you pay towards loan repayment. Whether it's a home loan, car loan, or personal loan — get instant results.

EMI Formula

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

Where: P = Principal, R = Monthly Interest Rate (Annual ÷ 12 ÷ 100), N = Tenure in months

Home Loan Rates in India 2025

SBI, HDFC, ICICI offer home loans at 8.5%–10.5% p.a. in 2025. Your rate depends on credit score, income, and loan amount.

What is EMI?

EMI stands for Equated Monthly Instalment — the fixed monthly payment to repay your loan, consisting of principal + interest.

How can I reduce my EMI?

Make a larger down payment, choose a longer tenure, negotiate lower interest, or make part-prepayments during the loan.

Is it better to pay higher EMI or longer tenure?

Higher EMI + shorter tenure saves significant interest. Longer tenure lowers monthly burden but increases total cost.

What is the maximum home loan tenure in India?

Most banks offer up to 30 years for home loans, subject to the loan being repaid before age 70.