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Home loan EMI calculator

Estimate monthly repayment, total interest and yearly loan balances with an editable rate and tenure.

Starting values are illustrative assumptions, not market rates or tax defaults. Enter every cost explicitly, including zero where you have confirmed none applies. Inputs stay in this browser tab.

₹60,00,000 (60 lakh)
8.5 %
240 months

Estimate

Monthly EMI
₹52,069
Total interest
₹64,96,655
Total paid
₹1,24,96,655

This is an estimate. Your lender decides your loan.

Principal and interestPrincipal (blue) / Interest (mint)
Estimate under the entered assumptions
YearPrincipalInterestBalance
1₹1,19,414₹5,05,419₹58,80,586
2₹1,29,969₹4,94,864₹57,50,617
3₹1,41,457₹4,83,376₹56,09,161
4₹1,53,960₹4,70,872₹54,55,200
5₹1,67,569₹4,57,264₹52,87,631
6₹1,82,381₹4,42,452₹51,05,250
7₹1,98,501₹4,26,331₹49,06,749
8₹2,16,047₹4,08,786₹46,90,702
9₹2,35,144₹3,89,689₹44,55,558
10₹2,55,928₹3,68,904₹41,99,629
11₹2,78,550₹3,46,283₹39,21,079
12₹3,03,171₹3,21,661₹36,17,908
13₹3,29,969₹2,94,864₹32,87,939
14₹3,59,135₹2,65,697₹29,28,803
15₹3,90,880₹2,33,953₹25,37,924
16₹4,25,430₹1,99,403₹21,12,494
17₹4,63,034₹1,61,799₹16,49,460
18₹5,03,962₹1,20,871₹11,45,498
19₹5,48,508₹76,325₹5,96,991
20₹5,96,991₹27,842₹0

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Rate and cost inputs are assumptions. Check them against your lender’s quotation and official local calculations. This tool does not include tax relief or an income growth forecast.

How this estimate works

EMI = P × r / (1 − (1 + r)^−n), where r = annual percentage / 1200. At zero interest, EMI = P / n.

Start with the amount you expect to borrow, rather than the asking price of the home. Your down payment comes from separate cash. Enter the annual nominal interest rate and the repayment period in months. A lender quotation is more useful than a headline rate because the quotation reflects the product and borrower profile being considered. All starting figures here are an illustrative scenario, not a current offer.

The calculation divides the annual percentage into a monthly rate and applies it to a reducing balance. Each payment first covers interest for that month. The remainder repays principal. The yearly table groups those monthly movements so that you can see the balance falling. The chart separates the amount borrowed from the cumulative interest. Displayed rupees are rounded; the underlying schedule retains precision.

A longer tenure can bring the monthly instalment down while increasing the interest paid across the loan. Try changing tenure while keeping the amount and rate unchanged. Then increase the rate to see how much room your monthly budget leaves for a floating-rate reset. The schedule assumes the entered rate stays constant and payments arrive on time throughout the remaining term.

This estimate excludes processing fees, broken-period interest before regular instalments, insurance and property running costs. It also excludes construction-stage disbursal and any interest-only period. Ask your lender for a repayment schedule showing when money is released and when regular repayment starts. Use the total cash tool alongside EMI so that an affordable monthly payment does not hide an unaffordable initial cash requirement.

If you have a partly disbursed loan, compare this full-principal schedule with the lender’s current statement rather than assuming they will match. Ask how interest between disbursal and the regular payment date is collected. For a running loan, reconcile the opening balance and repayment date first. A small difference in timing can remain even when the annual rate and contractual tenure match.

Sources and limits

  • Reducing-balance EMI formula, monthly interest and constant-rate repayment assumptions. Kotak Mahindra Bank, checked 2026-11-12. Effective basis: not stated by publisher.

Questions about this tool

Does this result reserve a loan?

No. It is a planning estimate. Your lender examines income, credit history, property documents and valuation separately.

Where do my figures go?

Calculations run in your browser. Showcasia does not submit your calculator inputs to lenders or save them on its server. Closing the page clears the scenario.

Which assumptions should I change?

Replace the illustrative values with your own figures and a written lender quotation. Check local duties and fees before committing money.

This is general information, not legal, tax or financial advice. Check with a qualified professional for your case.

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