Home loan EMI calculator
Updated November 2026
Enter your loan amount, interest rate and tenure to see your monthly EMI, the total interest and the total you will repay.
Next step: the EMI is only part of the cost. See whether buying beats renting and investing for your flat.
EMI table at 8.5%
| Loan | 10 years | 15 years | 20 years | 25 years | 30 years |
|---|---|---|---|---|---|
| ₹20 L | ₹24,797 | ₹19,695 | ₹17,356 | ₹16,105 | ₹15,378 |
| ₹30 L | ₹37,196 | ₹29,542 | ₹26,035 | ₹24,157 | ₹23,067 |
| ₹40 L | ₹49,594 | ₹39,390 | ₹34,713 | ₹32,209 | ₹30,757 |
| ₹50 L | ₹61,993 | ₹49,237 | ₹43,391 | ₹40,261 | ₹38,446 |
| ₹75 L | ₹92,989 | ₹73,855 | ₹65,087 | ₹60,392 | ₹57,669 |
| ₹1.00 Cr | ₹1,23,986 | ₹98,474 | ₹86,782 | ₹80,523 | ₹76,891 |
| ₹1.50 Cr | ₹1,85,979 | ₹1,47,711 | ₹1,30,173 | ₹1,20,784 | ₹1,15,337 |
| ₹2.00 Cr | ₹2,47,971 | ₹1,96,948 | ₹1,73,565 | ₹1,61,045 | ₹1,53,783 |
EMI on ₹50 lakh at different rates
| Rate | 15 years | 20 years | 30 years |
|---|---|---|---|
| 7.5% | ₹46,351 | ₹40,280 | ₹34,961 |
| 8% | ₹47,783 | ₹41,822 | ₹36,688 |
| 8.5% | ₹49,237 | ₹43,391 | ₹38,446 |
| 9% | ₹50,713 | ₹44,986 | ₹40,231 |
| 9.5% | ₹52,211 | ₹46,607 | ₹42,043 |
| 10% | ₹53,730 | ₹48,251 | ₹43,879 |
| 10.5% | ₹55,270 | ₹49,919 | ₹45,737 |
How EMI works
P is the loan amount, r is the monthly rate (yearly rate ÷ 12 ÷ 100) and n is the number of monthly payments. Each month, interest is charged on the balance still owed and the rest of the EMI repays the loan. Early EMIs are mostly interest; later ones are mostly principal. The ₹50 lakh loan guide shows the split year by year.
Questions people ask
How is home loan EMI calculated?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan, r is the yearly rate ÷ 12 ÷ 100 and n is the number of months. Indian banks use this reducing-balance formula.
What is the EMI for a ₹50 lakh home loan for 20 years?
About ₹43,391 a month at 8.5%. Total interest over 20 years is about ₹54.1 L.
Does a lower EMI mean a cheaper loan?
No. A longer tenure lowers the EMI but increases the total interest a lot. Compare total interest, not just the EMI.
Is the EMI the full cost of owning a home?
No. You also pay the down payment, stamp duty and registration, maintenance and property tax. To see whether buying beats renting overall, use the buy vs rent calculator.