Home Loan EMI Calculator — Free Online
Calculate your home loan EMI instantly. Enter loan amount, interest rate and tenure to get exact monthly payment. Works for SBI, HDFC, ICICI and all banks.
💡 Why You Need This
Calculate your monthly home loan EMI before applying. Know exactly how much you'll pay each month.
How to Use — Step by Step
- 1
Enter your home loan amount (e.g. ₹50,00,000)
- 2
Enter the interest rate (e.g. 8.5% for SBI)
- 3
Enter the loan tenure in years (e.g. 20 years)
- 4
Click Calculate — get your exact monthly EMI instantly
💡 Pro Tips
- ✓SBI home loan rates start from 8.50% p.a. (2026)
- ✓HDFC home loan rates start from 8.75% p.a.
- ✓A 20-year tenure gives lower EMI but higher total interest
- ✓Prepaying even ₹10,000 extra/month saves lakhs in interest
Frequently Asked Questions
What is the EMI for a ₹50 lakh home loan at 8.5% for 20 years?▼
The EMI for a ₹50 lakh home loan at 8.5% interest for 20 years is approximately ₹43,391 per month.
Which bank has the lowest home loan interest rate in 2026?▼
SBI and Bank of Baroda typically offer the lowest home loan rates starting from 8.50% p.a. for eligible borrowers.
How is home loan EMI calculated?▼
EMI = [P × R × (1+R)^N] / [(1+R)^N - 1], where P = principal, R = monthly interest rate, N = number of months.
Can I reduce my home loan EMI?▼
Yes — by increasing tenure, making a larger down payment, or negotiating a lower interest rate with your bank.
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