Home Loan EMI Calculator
A Home Loan EMI Calculator helps you estimate your monthly payments before taking a home loan. Know your exact EMI, total interest, and repayment amount instantly.
How to Use This Calculator
- Enter your desired loan amount
- Input the annual interest rate
- Select the loan tenure in years
- Click "Calculate EMI" to see results
How EMI is Calculated
The EMI is calculated using the following formula:
EMI = [P × r × (1+r)^n] ÷ [(1+r)^n-1]
Where:
P = Loan amount
r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
n = Loan tenure in months
Benefits of Using This Calculator
- Helps in financial planning before taking a loan
- Compare different loan options easily
- Understand the total interest payable
- Adjust loan parameters to fit your budget
Ready to Calculate Your Home Loan EMI?
Use our calculator above to get instant results and plan your home loan effectively.