Work out your monthly home loan installment, total interest, and total repayment — adjust the sliders and the results update instantly.
EMI (Equated Monthly Installment) is calculated using the standard reducing-balance formula: EMI = P × r × (1+r)n ÷ ((1+r)n − 1), where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the loan tenure in months. This is the same formula Indian banks and housing finance companies use for standard reducing-balance home loans.
A higher interest rate or longer tenure both increase your total interest paid over the life of the loan, even though a longer tenure lowers your monthly EMI — worth weighing both together rather than optimizing for the lowest monthly payment alone.
