Home Loan EMI Calculator
See your monthly EMI, total interest and a year-by-year repayment schedule.
Your details
Monthly EMI
- Principal
- —
- Interest
- —
- Total amount payable
- —
Illustration only. Actual EMI depends on the rate the bank offers you.
Year-by-year repayment schedule
| Year | Principal paid | Interest paid | Balance left |
|---|
EMI uses the standard reducing-balance formula banks use: EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r the monthly rate and n the number of monthly instalments.
In the early years most of each EMI goes to interest, so part-prepayments then save the most. Floating-rate home loans to individuals carry no prepayment charge. Processing fees and insurance are not included.
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