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Home Loan EMI Calculator

Calculate your Housing Loan Monthly EMI Instalments at Bajaj Markets

✓ Home Loan from ₹2 Lakhs To ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.65%

A home loan calculator is an online tool that forecasts your EMI amount. Input the loan amount, tenure, and interest rate into the home loan EMI calculator to view your approximate monthly payment. It also shows the breakup of each EMI into interest and principal components.

Calculate Home Loan EMI Online

Loan Amount
  • Months
  • Years
Rate of Interest

Your monthly EMI is

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest Amount

Home Loan Amortization Schedule

Year Principal Interest Balance

Home Loan EMI Calculation Examples

Loan Amount

Interest Rate

Repayment Period

EMI Per Month

₹10 Lakhs

6.60% p.a.

10 years


₹15 Lakhs

7.40% p.a.

15 years


₹25 Lakhs

8.20% p.a.

10 years


₹30 Lakhs

9.50% p.a.

15 years


₹40 Lakhs

10.50% p.a.

15 years


₹50 Lakhs

11.15% p.a.

10 years


₹1 Crore

12% p.a.

20 years


₹5 Crores

8.20% p.a.

30 years


Benefits of Using Home Loan EMI Calculator

An EMI calculator is useful for repayment planning. Here are top reasons to use one.


  • Calculate home loan EMIs easily: Enter the principal amount, applicable interest rate and repayment tenure into the EMI calculator to view your housing loan EMI. Using the online tool is better than using the home loan EMI calculation formula, as you can avoid manual errors.
  • Compare loan offers: Lenders provide different home loan offers, requiring you to repay at varying interest rates and tenures. You can compare lenders by simply changing the values in the EMI calculator. This will help you determine which home loan will suit your pocket best.

  • Verify the repayment schedule given by the lender: When a lender is about to grant you your home loan, a representative will show you a repayment schedule. This will show you your EMI figure too. You can verify that by simply adding the relevant loan details into the home loan instalment calculator.

  • Manage your home loan better: Once you have determined your house loan EMI, you will be able to determine if it fits your pocket or not. If not, look into other home loan options, or tweak the parameters of the current home loan in the calculator to arrive at the ideal loan variables.

Factors affecting Home Loan EMI

Some of the most common factors that affect your Home Loan EMI are:


  • Interest Rate: The rate of interest offered by lenders significantly impacts the final EMI you will need to pay. High interest rates lead to higher EMIs and vice-versa.

  • Property Loan EMI tenure: The longer the loan repayment tenure, the smaller will the house loan EMI be. However, the overall interest payment grows with the length of the tenure. Use an online home loan calculator to understand the same.

  • Home Loan Balance Transfer Facility: With this feature, you can transfer your home loan from one financial institution to another. You can enter the outstanding principal, new tenure, and new interest rate into a home loan EMI calculator to know your new EMI. 


  • Loan Restructuring: Depending upon your track record or relationship with the lender, at any given point in time, the terms of the loan can be changed. Your lender could either increase or decrease the house loan EMI, depending on the nature of the amendment.


Home Loan EMI FAQs

  • ✔️What is Home Loan EMI?

    Equated Monthly Instalment or EMI is the amount you pay on a monthly basis to service your house loan. Your housing loan EMI remains constant till the end of the tenure, and you can calculate it with a housing loan interest calculator. 


    The factors that affect your home loan EMI are the principal, interest rate, and repayment tenure.

  • ✔️How much monthly instalments does one have to pay if he/she takes a home loan of ₹35 Lakhs on Bajaj Markets?

    Consider an example: Mr. Raheja took ₹35,00,000 as a home loan from a financial institution. The interest rate applicable to him is 6.60% and the loan repayment tenure is 30 years.

    Here, the principal amount (P) would be ₹35,00,000, the Interest rate (I) is 6.60%, and the loan repayment tenure is 30 years. 

    Simply enter these details into a home loan EMI calculator to know your EMI. Your results should show the monthly EMI instalment as ₹22,353 and the yearly EMI instalment as ₹22,353 x 12 = ₹2,68,236. 

    Similarly, if you are wondering how to calculate home loan interest, use the online tool. A loan EMI calculator for home loan also shows your total interest payable.

  • ✔️When do my Housing Loan EMIs start?

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

  • ✔️What is the pre-closure charge for personal loans?

    A home loan pre-EMI is a special feature for properties that are under construction. Lenders disburse the sanctioned home loan amount in tranches according to the progress of the construction.

    You pay only interest on the amount drawn down from the overall sanction. The amount you pay is called pre-EMI. Each time you draw down funds, the pre-EMI increases. Pre-EMI does not include the outstanding principal, which is repaid only with a full EMI.

  • ✔️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 home loan calculator, you can budget for the year. 

    Alternatively, if your loan does not fit in your budget, you can go for a lower amount and purchase a different property or opt for a longer tenure.

  • ✔️How does 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.

  • ✔️What are fixed and flexible Housing Loan EMIs?

    You pay a fixed home loan EMI when the interest rate remains constant through the home loan repayment tenure. A flexible home loan EMI, on the other hand, is affected by external market forces. These could cause the interest rate to either fall or rise, resulting in a drop or climb in your Home Loan EMI amount, respectively.

  • ✔️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. 

    You can view this breakup on a home loan interest calculator that has an amortisation schedule. Further, various ancillary services that are provided with a Home Loan can influence the manner in which you pay off your dues.

  • ✔️How do part-payments on a Home Loan impact your EMIs?

    Paying off a sizable portion of your borrowed sum can drastically reduce your future EMI payments. After the payment is made, the outstanding amount will reduce and, as a result, the interest as well. This benefit is reflected either in the form of smaller EMIs or a reduced tenure.

  • ✔️What is a Home Loan Amortisation Schedule?

    An amortisation schedule gives you a breakup of your EMI over time. The EMI is constant through the tenure, but the principal and interest components vary. The principal is low early on and increases as the tenure progresses, while the opposite happens for the interest. Use a home loan monthly EMI calculator to view an amortisation schedule.

  • ✔️What is the Home Loan EMI Calculation Formula?

    The EMI formula is essential if you want to know how to calculate home loan EMI manually. 


    Below is the home loan calculation formula:

    EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

    where, ‘P’ is the principal amount (amount borrowed as loan), ‘R’ is the monthly rate of interest

    and ‘N’ is the loan repayment tenure (in months)


    For error-free results, use a home loan EMI calculator India as it uses the same formula and is immune to human error.