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Calculate Your Home Loan EMI Online

Loan Amount
Rate Of Interest
Home Loan
Your Monthly Home Loan EMI
Principle Amount
Total Interest
Total Amount Payable
Amortization Schedule
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Year EMI Principal Interest Balance

A Home Loan EMI calculator is an algorithm-based tool that can help you get instant estimates of your house loan EMI amount. All you need to do is enter your loan amount, expected interest rate, and preferred repayment tenure.


The online tool will show you your overall EMI outflow within seconds. A housing loan calculator can also help you compare loan options by simply altering the numbers you fed into the tool originally. This way, you will be able to decide which offer suits you the best.

How to Calculate the EMI for a Home Loan?

Compute your EMIs easily with the home loan EMI calculator available on Bajaj Markets. To use the calculator, you must enter the following details:

  • Tenure (repayment period)

  • Interest rate

  • Loan amount (principal amount)


Feed these details into the calculator to get an estimate of your EMI amount, total interest amount, and the total repayment amount.


The results displayed are based on the values you enter in the calculator. Your EMI amount (including the actual interest amount charged) will depend on the prevailing rates. The results are neither certified nor guaranteed. The repayment schedule presented is for illustration purposes. Confirm the values with your lender prior to applying for the home loan.

FAQs and Support

What is a Home Loan EMI?

Equated Monthly Instalment or EMI is the amount you pay to the lender every month to repay your home loan. The factors that affect your home loan EMI are the principal, interest rate, and repayment tenure. You can use the loan EMI calculator for home loans available on Bajaj Markets to get an estimate of your EMI. 

When do my housing loan EMIs start?

You will have to pay your first home loan EMI in the month subsequent to your home loan disbursal. However, if you choose the pre-EMI option, you start paying interest on the portion of the sanction amount disbursed before the official tenure begins.

How does a home loan EMI calculator help in planning the home purchase?

Calculating your home loan EMI will help you plan your expenses. After finding out your EMI with the calculator, you can make a budget. If it does not fit your budget, try different combinations to find the terms that suit your finances the best. You can go for a lower amount or opt for a longer tenure. 

How does the home loan EMI payment reduce your tax obligation?

Depending on the particulars of the home loan, you can claim deductions under Sections 80C, 24B, 80EE, and 80EEA towards principal repayment, interest repayment, and stamp duty charges. 

You can use an EMI calculator for a home loan to understand your principal and interest dues and use the estimates to efficiently plan and lower your tax obligation.

How are the borrowed amount and interest dues paid through EMI?

Each EMI contains a portion of the borrowed amount (principal) and interest. While the EMI remains the same, the principal is low early on and goes on increasing, and the interest component is high at the start and drops as the tenure progresses. 

How do part-payments on a home loan impact your EMIs?

Paying off a sizeable portion of your borrowed sum can drastically reduce your future EMI payments. This is because your outstanding amount reduces, which results in lower EMIs. This benefit is reflected either in the form of smaller EMIs or a reduced tenure. You can use an EMI calculator for a home loan to efficiently plan your repayment. 

What is a home loan amortisation schedule?

An amortisation schedule gives you a breakup of your EMIs over time. The EMI is constant throughout the tenure, but the principal and interest components vary. Additionally, the schedule shows the outstanding balance after every EMI.

What is the home loan EMI calculation formula?

The formula for a home loan EMI calculation is:  EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Here, ‘P’ is the principal amount, ‘R’ is the interest rate, and ‘N’ is the tenure. 


While it is easy to understand how to calculate a home loan EMI using this formula, there is a risk of manual error. You can get quicker and more accurate estimates using the housing loan EMI calculator available on Bajaj Markets.

What are the benefits of using a home loan EMI calculator?

Using an EMI calculator for a home loan benefits you in several ways. The first is that it helps you plan your loan and ensure that repayment fits into your budget. You can also compare different offers and choose one that is most affordable.

The calculator also gives you a repayment schedule (amortisation schedule), which you can use to plan prepayment, foreclosure, or balance transfer. Lastly, the calculator is available for free and without any limits on how many times you can use it.

What factors affect the home loan EMI?

To understand the factors that affect your home loan EMI, simply look at the details you feed into a home loan EMI calculator. These are your interest rate, loan amount, and tenure, all of which have a significant influence on your EMIs.


However, there are some other factors that affect your home loan EMI, too. These factors are the type of interest rate you choose, your CIBIL score, repayment capacity, and more.

Can I change the loan amount or tenure to see how it affects my home loan EMI?

Yes, you can use the house loan EMI calculator to see how your monthly repayment amount changes with different loan amounts and tenures.

Is the EMI amount constant throughout the loan tenure?

Yes, in both fixed and floating rates the EMI amount is usually kept the same all through the tenure. The lender tweaks the repayment term to ensure this in floating interest rate home loans. 

What happens if I miss or default on my home loan EMI payment?

If you miss or default on your EMI payment, the lender will levy a penalty, which will increase your borrowing costs. Moreover, this affects your credit score negatively, which will affect your eligibility for future credit.


One of the best ways to ensure you do not default on repayment is to calculate home loan EMI online with an EMI calculator. You can check different terms and choose one wherein the EMI is most comfortable for you.

Is the home loan EMI calculator usage a confidential process, and is my information secure?

When you calculate housing loan EMI online with the EMI calculator available on Bajaj Markets, you do not have to enter any sensitive or personal information. As such, your data is secure.

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