Home Loan EMI Calculator & Amortization
Calculate estimated monthly housing loan EMIs, total interest outgo, and view a complete year-by-year amortization schedule for home loans in India.
Enter Your Details
Interactive InputsNeed Personalized Assistance?
Connect with certified specialists for custom quotes.
Payment Breakdown (Principal vs Interest)
Interest Rate Sensitivity Comparison
See how small changes in interest rates impact your monthly EMI and total interest outgo.
| Interest Rate | Monthly EMI | Monthly Difference | Total Interest Paid | Total Payment |
|---|---|---|---|---|
| 7.50% | ₹40,280 | -₹3,111 | ₹46,67,200 | ₹96,67,200 |
| 8.00% | ₹41,822 | -₹1,569 | ₹50,37,280 | ₹1,00,37,280 |
| 8.50% (Current) | ₹43,391 | 0 | ₹54,13,840 | ₹1,04,13,840 |
| 9.00% | ₹44,986 | +₹1,595 | ₹57,96,640 | ₹1,07,96,640 |
| 9.50% | ₹46,607 | +₹3,216 | ₹61,85,680 | ₹1,11,85,680 |
| 10.00% | ₹48,251 | +₹4,860 | ₹65,80,240 | ₹1,15,80,240 |
Popular Home Loan EMI Amounts (20-Year Tenure @ Illustrative 8.50% p.a.)
Estimated monthly payments and total interest outgo for common housing loan sizes in India.
| Loan Amount | Monthly EMI | Total Interest | Total Payment | Details |
|---|---|---|---|---|
| ₹10 Lakh | ₹8,678 | ₹10,82,846 | ₹20,82,846 | — |
| ₹20 Lakh | ₹17,356 | ₹21,65,716 | ₹41,65,716 | View Schedule |
| ₹30 Lakh | ₹26,035 | ₹32,48,212 | ₹62,48,212 | View Schedule |
| ₹45 Lakh | ₹39,052 | ₹48,72,516 | ₹93,72,516 | — |
| ₹50 Lakh | ₹43,391 | ₹54,13,923 | ₹1,04,13,923 | View Schedule |
| ₹1 Crore | ₹86,782 | ₹1,08,27,905 | ₹2,08,27,905 | View Schedule |
| ₹1.5 Crore | ₹1,30,173 | ₹1,62,41,814 | ₹3,12,41,814 | — |
Loan Repayment & Amortization Schedule
| Year | Principal Paid | Interest Paid | Total Payment | Balance Outstanding | Loan Paid % |
|---|---|---|---|---|---|
| Year 1 | ₹99,510 | ₹4,21,182 | ₹5,20,692 | ₹49,00,490 | 2.0% |
| Year 2 | ₹1,08,306 | ₹4,12,386 | ₹5,20,692 | ₹47,92,184 | 4.2% |
| Year 3 | ₹1,17,879 | ₹4,02,813 | ₹5,20,692 | ₹46,74,305 | 6.5% |
| Year 4 | ₹1,28,298 | ₹3,92,394 | ₹5,20,692 | ₹45,46,007 | 9.1% |
| Year 5 | ₹1,39,638 | ₹3,81,054 | ₹5,20,692 | ₹44,06,369 | 11.9% |
| Year 6 | ₹1,51,981 | ₹3,68,711 | ₹5,20,692 | ₹42,54,388 | 14.9% |
| Year 7 | ₹1,65,414 | ₹3,55,278 | ₹5,20,692 | ₹40,88,974 | 18.2% |
| Year 8 | ₹1,80,038 | ₹3,40,654 | ₹5,20,692 | ₹39,08,936 | 21.8% |
| Year 9 | ₹1,95,950 | ₹3,24,742 | ₹5,20,692 | ₹37,12,986 | 25.7% |
| Year 10 | ₹2,13,272 | ₹3,07,420 | ₹5,20,692 | ₹34,99,714 | 30.0% |
| Year 11 | ₹2,32,121 | ₹2,88,571 | ₹5,20,692 | ₹32,67,593 | 34.6% |
| Year 12 | ₹2,52,638 | ₹2,68,054 | ₹5,20,692 | ₹30,14,955 | 39.7% |
| Year 13 | ₹2,74,969 | ₹2,45,723 | ₹5,20,692 | ₹27,39,986 | 45.2% |
| Year 14 | ₹2,99,275 | ₹2,21,417 | ₹5,20,692 | ₹24,40,711 | 51.2% |
| Year 15 | ₹3,25,729 | ₹1,94,963 | ₹5,20,692 | ₹21,14,982 | 57.7% |
| Year 16 | ₹3,54,519 | ₹1,66,173 | ₹5,20,692 | ₹17,60,463 | 64.8% |
| Year 17 | ₹3,85,855 | ₹1,34,837 | ₹5,20,692 | ₹13,74,608 | 72.5% |
| Year 18 | ₹4,19,960 | ₹1,00,732 | ₹5,20,692 | ₹9,54,648 | 80.9% |
| Year 19 | ₹4,57,082 | ₹63,610 | ₹5,20,692 | ₹4,97,566 | 90.0% |
| Year 20 | ₹4,97,566 | ₹23,209 | ₹5,20,775 | ₹0 | 100.0% |
Example: ₹50 Lakh Home Loan for 20 Years at 8.5%
A home buyer purchasing a flat takes a ₹50,00,000 home loan at 8.50% interest rate for a tenure of 20 years.
- Home Loan Principal:₹50,00,000
- Interest Rate:8.50% p.a.
- Tenure:20 Years (240 Months)
- Monthly EMI:₹43,391 / month
- Total Interest:₹54,13,870
- Total Outgo:₹1,04,13,870
Key Takeaway: Under Old Tax Regime, you can claim up to ₹2 Lakh annual interest deduction under Section 24(b) and up to ₹1.5 Lakh principal under Section 80C to offset costs.
How This Calculation Works (Mathematical Formula)
Where P is the Principal loan amount, r is the periodic monthly interest rate (Annual Rate / 12 / 100), and n is total tenure in months (up to 30 years / 360 months).
Frequently Asked Questions
Home loan EMI is calculated using the reducing balance method: EMI = [P × r × (1+r)^n] / [(1+r)^n - 1], where P is principal, r is the periodic monthly interest rate (annual rate ÷ 12 ÷ 100), and n is tenure in months. Early EMIs have a larger interest component, while later payments pay off principal.
Popular Home Loan Amounts
Related Calculators
Helpful Guides & Explanations
Disclosure: Ankiva One provides free financial calculators and guides. When you apply for products through partner links on our website, we may receive compensation at no extra cost to you. This does not influence our objective calculations.