Free tool
Home loan EMI calculator
Change the loan, the rate and the years, and see what you will pay each month, and in all. Plain numbers, no sign-up.
Year-by-year repayment
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| 1 | ₹1,49,267 | ₹6,31,774 | ₹73,50,733 |
| 2 | ₹1,62,461 | ₹6,18,580 | ₹71,88,272 |
| 3 | ₹1,76,821 | ₹6,04,220 | ₹70,11,451 |
| 4 | ₹1,92,451 | ₹5,88,590 | ₹68,19,000 |
| 5 | ₹2,09,461 | ₹5,71,580 | ₹66,09,539 |
| 6 | ₹2,27,976 | ₹5,53,065 | ₹63,81,563 |
| 7 | ₹2,48,127 | ₹5,32,914 | ₹61,33,436 |
| 8 | ₹2,70,059 | ₹5,10,982 | ₹58,63,377 |
| 9 | ₹2,93,930 | ₹4,87,111 | ₹55,69,447 |
| 10 | ₹3,19,910 | ₹4,61,130 | ₹52,49,537 |
| 11 | ₹3,48,188 | ₹4,32,853 | ₹49,01,349 |
| 12 | ₹3,78,964 | ₹4,02,077 | ₹45,22,385 |
| 13 | ₹4,12,461 | ₹3,68,580 | ₹41,09,923 |
| 14 | ₹4,48,919 | ₹3,32,122 | ₹36,61,004 |
| 15 | ₹4,88,599 | ₹2,92,441 | ₹31,72,405 |
| 16 | ₹5,31,787 | ₹2,49,254 | ₹26,40,618 |
| 17 | ₹5,78,792 | ₹2,02,249 | ₹20,61,825 |
| 18 | ₹6,29,952 | ₹1,51,089 | ₹14,31,873 |
| 19 | ₹6,85,634 | ₹95,406 | ₹7,46,238 |
| 20 | ₹7,46,238 | ₹34,803 | ₹0 |
What an EMI is
EMI stands for equated monthly instalment: the fixed amount you pay the bank every month until your home loan is repaid. Each EMI has two parts. One part is interest, the bank’s charge for lending you the money. The other is principal, which actually reduces what you owe. In the early years most of your EMI goes to interest; as the balance falls, more of it goes to principal. Open the year-by-year table above and you will see this shift happen.
How the number is worked out
Banks in India use the reducing-balance method. The formula is EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r is the yearly rate divided by 12 and by 100, and n is the number of months. You do not need to remember it; the calculator does the arithmetic. What matters is knowing which of the three dials to turn.
- Loan amount: a bigger down payment means a smaller loan and a smaller EMI, every month, for years.
- Interest rate: even 0.25% matters over 20 years. It is worth asking two or three lenders.
- Tenure: more years means a lower EMI but much more interest in total.
A comfortable EMI for a first home
A simple rule many families use: keep all your EMIs together (home, car, any personal loan) under about 40–50% of your take-home pay, and keep six months of expenses aside as a safety cushion. Remember the costs that come with a new home too: stamp duty and registration, maintenance, furniture and moving. Our eligibility calculator shows what a bank may lend, and the down payment calculator shows how much cash to keep ready.
The figures here are estimates for planning, not a loan offer. Your lender’s sanction letter is the final word. If you are just starting out, our first-home guide walks through the loan step by step.
Other tools that help
- Home Loan Eligibility CalculatorA rough idea of how much a bank may lend you, from your pay and current EMIs.
- Karnataka Stamp Duty CalculatorStamp duty, cess, surcharge and registration fee for a flat in Karnataka.
- Down Payment CalculatorHow much cash you need before you buy, with the RBI loan limits built in.
- Home Loan Prepayment CalculatorSee how much interest and how many months a part-payment can save.
- Amortisation ScheduleMonth by month: how much of each EMI is interest and how much is principal.
- How Much House Can I Afford?A home price that fits your pay, savings and comfort level.
- Rent vs Buy CalculatorCompare the cost of renting with buying over the years you plan to stay.
- TDS on Property Purchase (s.194-IA)The 1% TDS you deduct and deposit when a home costs ₹50 lakh or more.
- GST on an Under-Construction FlatGST on your instalments, split into CGST and SGST.
- Home Loan Tax Benefit CalculatorA rough idea of the tax you may save on interest and principal.
- Tamil Nadu Stamp Duty CalculatorStamp duty and registration for a home on the Tamil Nadu side of the border.
- Carpet Area CalculatorAdd up room sizes to check the usable carpet area of a flat.
- Area Unit ConverterSwitch between sq ft, sq m, guntha, cent, acre and more.
- Khata CheckerThree questions to tell whether your khata paper is A, B, e-khata or panchayat.
- RERA Number DecoderSee what each part of a Karnataka RERA number means, and how to check it.
- First-home guideEvery step of buying your first flat in Bengaluru, from budget to handover.
- The Shalott Marque54 homes, 2 and 3 BHK, at S Medihalli on Sarjapur–Attibele Road. Price on request.
FAQ
Questions people ask
Is the EMI shown here what my bank will charge?
It is close, because banks use the same reducing-balance formula. Your sanction letter can still differ a little: lenders round differently, add processing fees, and your rate depends on your credit score and the lender’s current offer. Treat this as a planning figure, then check the sanction letter.
Should I pick a longer tenure to keep the EMI low?
A longer tenure lowers the EMI but raises the total interest, often by lakhs. Many first-home buyers take a comfortable tenure and then prepay when their pay rises. Try 20 and 25 years in the calculator and compare the “total interest” line.
What happens to my EMI if the interest rate changes?
Most home loans in India are floating-rate, linked to an external benchmark such as the RBI repo rate. When rates move, banks usually change the tenure first and keep the EMI the same, unless you ask them to change the EMI instead. Move the rate up by 0.5% here to see the effect.
Does the EMI start before my flat is ready?
For an under-construction home the bank releases the loan in stages as construction progresses. Until the full amount is out, you usually pay only interest on what has been released, called pre-EMI. Full EMIs start once the whole loan is disbursed, or earlier if you choose.
Can I use this for The Shalott Marque?
Yes, once you know the loan you need. Prices at The Shalott Marque are shared on request, so ask the Reeva team for the price of the home you like, then put your own loan amount in. The ₹75 lakh shown here is only an example.
Ready to look at a real home?
Once your numbers feel right, come and see The Shalott Marque at S Medihalli. Ask us anything about the homes, the paperwork or the loan; we will explain it plainly.