EMI Calculator
Home, car or personal loan monthly repayment
Loan Amount₹30,00,000
₹10K₹10 Cr
Interest Rate8.5% p.a.
1%24%
Loan Tenure20 Years
1 Year30 Years
Monthly EMI
₹26,035
For 20 years at 8.5% p.a.
₹30L
Loan Amount
₹32.5L
Total Interest
₹62.5L
Total Payment
108%
Interest %
⚠ Disclaimer: This calculator provides estimates only. Actual EMI may vary based on bank processing fees, GST and other charges.
How is EMI Calculated?
EMI = P x r x (1+r)^n / ((1+r)^n – 1) where P = Principal, r = Monthly interest rate, n = Number of months.
Current Home Loan Rates (2026)
- SBI Home Loan: 8.50% p.a. onwards
- HDFC Home Loan: 8.75% p.a. onwards
- ICICI Home Loan: 8.75% p.a. onwards
FAQs
Can I prepay my home loan?
Yes. Most banks allow prepayment of floating rate home loans without any penalty. This can significantly reduce your total interest burden.
What is the ideal EMI to salary ratio?
Financial experts recommend keeping your total EMIs below 40% of your monthly take-home salary.