Home loan EMI calculator
For a ₹50,00,000.00 loan at 8.5% a year over 20 years (240 monthly payments), the monthly EMI is ₹43,391.16. The default schedule contains 20 yearly rows.
Calculate monthly repayments
- Monthly EMI
- ₹43,391.16
- Total interest
- ₹54,13,878.80
- Total repayment
- ₹1,04,13,878.80
Yearly amortisation schedule
The rate stays fixed throughout. Monthly calculations use full precision; yearly amounts are rounded cumulatively to paise. Fees, insurance and prepayments are excluded.
| Year | Opening balance | Principal repaid | Interest | Repayment | Closing balance |
|---|---|---|---|---|---|
| 1 | ₹50,00,000.00 | ₹99,511.46 | ₹4,21,182.48 | ₹5,20,693.94 | ₹49,00,488.54 |
| 2 | ₹49,00,488.54 | ₹1,08,307.37 | ₹4,12,386.57 | ₹5,20,693.94 | ₹47,92,181.17 |
| 3 | ₹47,92,181.17 | ₹1,17,880.75 | ₹4,02,813.19 | ₹5,20,693.94 | ₹46,74,300.42 |
| 4 | ₹46,74,300.42 | ₹1,28,300.34 | ₹3,92,393.60 | ₹5,20,693.94 | ₹45,46,000.08 |
| 5 | ₹45,46,000.08 | ₹1,39,640.92 | ₹3,81,053.02 | ₹5,20,693.94 | ₹44,06,359.16 |
| 6 | ₹44,06,359.16 | ₹1,51,983.92 | ₹3,68,710.02 | ₹5,20,693.94 | ₹42,54,375.24 |
| 7 | ₹42,54,375.24 | ₹1,65,417.90 | ₹3,55,276.04 | ₹5,20,693.94 | ₹40,88,957.34 |
| 8 | ₹40,88,957.34 | ₹1,80,039.35 | ₹3,40,654.59 | ₹5,20,693.94 | ₹39,08,917.99 |
| 9 | ₹39,08,917.99 | ₹1,95,953.19 | ₹3,24,740.76 | ₹5,20,693.95 | ₹37,12,964.80 |
| 10 | ₹37,12,964.80 | ₹2,13,273.66 | ₹3,07,420.27 | ₹5,20,693.93 | ₹34,99,691.14 |
| 11 | ₹34,99,691.14 | ₹2,32,125.12 | ₹2,88,568.82 | ₹5,20,693.94 | ₹32,67,566.02 |
| 12 | ₹32,67,566.02 | ₹2,52,642.87 | ₹2,68,051.07 | ₹5,20,693.94 | ₹30,14,923.15 |
| 13 | ₹30,14,923.15 | ₹2,74,974.20 | ₹2,45,719.74 | ₹5,20,693.94 | ₹27,39,948.95 |
| 14 | ₹27,39,948.95 | ₹2,99,279.42 | ₹2,21,414.52 | ₹5,20,693.94 | ₹24,40,669.53 |
| 15 | ₹24,40,669.53 | ₹3,25,733.00 | ₹1,94,960.94 | ₹5,20,693.94 | ₹21,14,936.53 |
| 16 | ₹21,14,936.53 | ₹3,54,524.83 | ₹1,66,169.11 | ₹5,20,693.94 | ₹17,60,411.70 |
| 17 | ₹17,60,411.70 | ₹3,85,861.60 | ₹1,34,832.34 | ₹5,20,693.94 | ₹13,74,550.10 |
| 18 | ₹13,74,550.10 | ₹4,19,968.26 | ₹1,00,725.68 | ₹5,20,693.94 | ₹9,54,581.84 |
| 19 | ₹9,54,581.84 | ₹4,57,089.64 | ₹63,604.30 | ₹5,20,693.94 | ₹4,97,492.20 |
| 20 | ₹4,97,492.20 | ₹4,97,492.20 | ₹23,201.74 | ₹5,20,693.94 | ₹0.00 |
| Total | ₹50,00,000.00 | ₹54,13,878.80 | ₹1,04,13,878.80 | ₹0.00 | |
EMI formula
EMI = P × r / (1 − (1 + r)−n)
P is the loan principal, r is the annual percentage rate divided by 1200, and n is the tenure in years multiplied by 12. At a zero interest rate, EMI = P / n. The default rate is a worked example, not a lender quote.