Calculate your monthly Home Loan EMI with our easy-to-use EMI calculator.

EMIs are a long-term commitment but can be your greatest ally if planned properly. BASIC home loan EMI calculator is a simple tool that allows you to easily calculate your EMI by entering the loan amount, interest rate, and loan term.


EMI Calculator

Avoid Confusion Get it Right with BASIC

5 Lac10 cr

Break up of Total Payment

Your monthly EMI is

Total Amount Payable

  • Principal Amount

  • Total Interest


EMI stands for equated monthly installments. It is the monthly payment you must make until your loan amount is fully paid off.

The Home Loan EMI Calculator is a tool that will help you understand your loan's monthly payment. When you take out a loan, the EMI amount you will pay is very important in determining your final loan amount and repayment term. Our home loan calculator can assist you in doing so. You will be able to see your monthly payment, which will help you decide what your loan amount should ideally be and how long it should be payable over. The Loan EMI calculator is extremely simple to use. Simply enter the loan amount, interest rate, and repayment term, and your monthly EMI will be calculated automatically.

The best part about our Home Loan EMI Calculator is that you can use it even if you've never had a loan before. As a result, such a loan EMI calculator is ideal for first-time borrowers because it provides a clear picture of their EMI. Simply enter three key elements: loan amount, repayment term, and interest rate. The EMI calculation will be performed automatically for you.

Each EMI pays back a portion of the principal (or amount borrowed) as well as the interest due on that principal. The proportion of each EMI used for principal and interest repayment varies over time. The first few EMIs are mostly used to pay interest and contribute little to principal repayment. However, the subsequent EMIs contribute more to the principal payments.

Home loan prepayment can help you reduce your outstanding principal balance and help you get out of debt more quickly. Based on the customer's choice at the time of prepayment, the reduction in the outstanding principal will further reduce the loan EMI or outstanding tenure.

A Home Loan EMI payment usually begins one month after the disbursement. If the loan is subject to a moratorium, the EMI payments begin after that period. For properties under construction, EMIs do not begin until after final disbursement, and only interest must be paid up to that point. Nevertheless, you can start your EMI payments after the initial disbursement.

It depends on your income and expenses each month. It is recommended by most banks to keep your monthly EMI between 35% and 45% of your income so that you can afford to repay this debt. Before borrowing, determine how much EMI you can afford and understand the circumstances that can impact your EMI.

It's understandable that you'd prefer a lower home loan EMI. The lower your monthly payment, the more disposable money you have and the more room you have for extra EMIs. If you are considering a home loan, first determine how much EMI you are qualified for using a house loan calculator tool. Consider increasing your tenure or opting for better interest rates to further lower it. You can also increase your loan's down payment component for even cheaper EMIs.

In case you are already serving a home loan, it is still possible to reduce your existing EMI. This depends on multiple factors:

Make part prepayments

Ask for better interest terms

Consider a home loan balance transfer

The BASIC Home Loan online EMI calculator assists you in better planning your housing finance by displaying the monthly installment (EMI), net interest payable, and total payable amount.
  • You will save time and effort by using this tool to calculate without having to do it manually. With just a few details, the calculator will immediately display results.
  • Based on your repayment ability, you can also use the home loan EMI calculator to choose the loan tenure that works best for you. By evaluating your monthly income, expenses, and savings, you can easily determine your ability to pay back the loan.
  • It is a free service and you can use it as many times as you want.
  • You can use an EMI calculator to analyze multiple loan offers and determine which one is most affordable in terms of EMI and interest payable over the loan's entire term.
  • Knowing your EMI lets you know whether you'll be able to repay the loan, thereby increasing your chances of approval.

Here’s why:
  • Doorstep Documentation
  • Agent Support
  • 100% Online Process
  • Flexible Repayments
  • Disbursal within 15 Days