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Home Loan EMI Calculator 2026: Monthly EMI & Total Interest
Calculate your Home Loan EMI instantly. Example: ₹30 Lakh at 8.5% for 20 years = ₹26,035 per month. Free, with a year-by-year schedule.
₹30 Lakh
Rates shown are examples. Check your bank's current rate.
Monthly EMI
₹26,035
- Principal: ₹30,00,000
- Total interest: ₹32,48,327
- Total payment: ₹62,48,327
EMI on a ₹30 Lakh Home Loan at 8.5%
| Tenure | EMI | Total interest |
|---|---|---|
| 18 years | ₹27,164 | ₹28,67,364 |
| 20 years | ₹26,035 | ₹32,48,327 |
| 25 years | ₹24,157 | ₹42,47,044 |
💡 Good to know
Home loans usually run 15–30 years. Even a 0.5% lower rate saves lakhs over the tenure, so compare banks and consider part-prepayments.
Questions people ask
How is EMI calculated?+
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of months.
How can I reduce my EMI or total interest?+
A longer tenure lowers EMI but increases total interest. A lower rate, bigger down payment or part-prepayments reduce total interest the most.
Is this EMI calculator accurate?+
It uses the standard reducing-balance formula used by Indian banks. Your bank's final EMI may differ slightly due to fees, rounding or the date of disbursement.