Home Loan EMI Calculator India — Monthly Payment & Amortization 2026

Last updated: 29 April 2026 Reviewed by Arjun Mehta, CA

**Home loan EMI** is the fixed monthly payment you make to repay your housing loan. It covers both the interest component and the principal repayment. In the early years, the EMI is mostly interest; as the loan progresses, more goes toward principal. This calculator shows your EMI, total interest payable, and a full year-by-year amortization schedule.

Home Loan Amount (₹) Total home loan amount

Interest Rate (% p.a.) Annual interest rate

Loan Tenure (Months) Repayment period in months

Monthly EMI —

Total Interest Payable —

Total Payment —

View Year-by-Year Breakdown

Real-World Examples — 2026

₹20 lakh home loan at 8.5% for 20 years

A ₹20 lakh home loan at 8.5% p.a. over 20 years results in an EMI of approximately ₹17,357. Total interest paid over the term is ₹21.66 lakh — making total cost ₹41.66 lakh.

₹50 lakh home loan at 9% for 15 years

Borrowing ₹50 lakh at 9% for 15 years gives an EMI of ₹50,713. Total interest is ₹41.28 lakh. Reducing tenure to 10 years cuts total interest to ₹26.03 lakh, saving ₹15.25 lakh.

Frequently Asked Questions

How accurate is the Home Loan EMI Calculator?

The Home Loan EMI Calculator uses standard financial formulas. Results are indicative; actual figures depend on your lender or financial institution's policies.

Is the Home Loan EMI Calculator free to use?

Yes, the Home Loan EMI Calculator on CalcPhi is completely free with no registration required.

Are my data inputs stored?

No. All calculations happen in your browser. We do not store any of your financial data.

How often are the Home Loan EMI Calculator rates updated?

Rates in examples are updated periodically to reflect current market conditions. Always verify with your bank or advisor.

Can I use the Home Loan EMI Calculator on mobile?

Yes. CalcPhi is fully mobile-optimised. The calculator works on all modern smartphones and tablets.

Who should use this calculator?

Anyone in India planning their finances can benefit from the Home Loan EMI Calculator. It's designed for both beginners and experienced investors.