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Home Loan EMI Calculator
Specialized calculator for home loans
Property Value₹50,00,000
₹
Down Payment (%)20%
Interest Rate (p.a.)8.5%
Tenure (Years)20 Years
Advanced Prepayment Options
Extra Monthly Payment
₹
Extra Yearly Payment
₹
Loan Amount
₹0
Monthly EMI
₹0
Revised Tenure
0 Months
Interest Saved
₹0
Total Interest
₹0
Total Cost
₹0
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How is Home Loan EMI Calculated?

A Home Loan EMI is calculated using the standard EMI formula but usually involves a longer tenure and a down payment.

Home Loan EMI Formula

EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1)

Where: P = Principal loan amount (Property Value - Down Payment), r = Monthly interest rate, n = Total months.

Simple Scenario

You buy a house worth ₹50 Lakhs and make a 20% down payment (₹10 Lakhs). You take a home loan for the remaining ₹40 Lakhs at 8.5% interest for 20 years. Your monthly EMI will be exactly ₹34,713.