EMI Calculator

Work out your monthly home loan payment and the total interest.

What is an EMI?

EMI is the fixed amount you pay your lender each month. Every EMI covers part of the loan and part of the interest. Early EMIs are mostly interest, and later ones mostly repay the loan.

How can I lower my EMI?

Pay a larger down payment, choose a longer tenure or look for a lower interest rate. A longer tenure lowers the EMI but raises the total interest you pay.

Is this the exact amount my bank will charge?

It is an estimate. Banks may add processing fees and insurance, and floating rates can change during the loan.