Home Loan EMI Calculator - Calculate Your Monthly EMIs Instantly

Overview
What is HL EMI Calculator
Features
Eligibility
Fees and Charges

Home Loan EMI Calculator

Plan your EMIs smartly and take control of your home loan journey with the Bajaj Finserv Home Loan EMI Calculator. Whether you're exploring options or ready to apply, this fast and easy tool lets you calculate your monthly EMIs in seconds.

Home loan amortization schedule

Let’s assume you take a home loan of ₹30 lakh for 30 years at an interest rate of 8.50% p.a. The table below shows a sample amortization schedule, detailing how your repayments will be split between principal and interest over time.

Year	Opening Balance	*EMI12**	Interest paid yearly	Principal paid yearly	Closing Balance
1	30,00,000	2,76,809	2,54,130	22,679	29,77,321
2	29,77,321	2,76,809	2,52,125	24,683	29,52,638
3	29,52,638	2,76,809	2,49,944	26,865	29,25,772
4	29,25,772	2,76,809	2,47,569	29,240	28,96,532
5	28,96,532	2,76,809	2,44,984	31,824	28,64,708
6	28,64,708	2,76,809	2,42,171	34,637	28,30,071
7	28,30,071	2,76,809	2,39,110	37,699	27,92,371
8	27,92,371	2,76,809	2,35,778	41,031	27,51,340
9	27,51,340	2,76,809	2,32,151	44,658	27,06,682
10	27,06,682	2,76,809	2,28,203	48,606	26,58,076
11	26,58,076	2,76,809	2,23,907	52,902	26,05,175
12	26,05,175	2,76,809	2,19,231	57,578	25,47,597
13	25,47,597	2,76,809	2,14,142	62,667	24,84,930
14	24,84,930	2,76,809	2,08,602	68,206	24,16,723
15	24,16,723	2,76,809	2,02,574	74,235	23,42,488
16	23,42,488	2,76,809	1,96,012	80,797	22,61,691
17	22,61,691	2,76,809	1,88,870	87,939	21,73,752
18	21,73,752	2,76,809	1,81,097	95,712	20,78,041
19	20,78,041	2,76,809	1,72,637	1,04,172	19,73,869
20	19,73,869	2,76,809	1,63,429	1,13,380	18,60,489
21	18,60,489	2,76,809	1,53,408	1,23,401	17,37,088
22	17,37,088	2,76,809	1,42,500	1,34,309	16,02,779
23	16,02,779	2,76,809	1,30,628	1,46,180	14,56,599
24	14,56,599	2,76,809	1,17,707	1,59,102	12,97,497
25	12,97,497	2,76,809	1,03,644	1,73,165	11,24,333
26	11,24,333	2,76,809	88,338	1,88,471	9,35,862
27	9,35,862	2,76,809	71,679	2,05,130	7,30,732
28	7,30,732	2,76,809	53,547	2,23,262	5,07,470
29	5,07,470	2,76,809	33,813	2,42,996	2,64,474
30	2,64,474	2,76,809	12,334	2,64,474	0

Home Loan EMI Calculator - Calculate your housing loan EMI online

Bajaj Finserv Home loan calculator helps you calculate your Home Loan EMI in just a few clicks, making it easier to plan your purchase and repayment. Use this EMI calculator for a home loan to estimate EMIs starting at Rs. 677/lakh*, with an attractive rate of interest p.a. of 7.35%* p.a Bajaj Finserv offers flexible repayment options and a convenient top-up loan facility to suit your needs. With accurate EMI calculations, you can manage cash flows efficiently and make informed decisions. Try the Home Loan EMI Calculator today to plan your dream home while keeping repayments comfortable and stress-free.

How to use Bajaj Finserv Home Loan EMI Calculator?

Steps to calculate your home loan EMIs using the home loan EMI calculator:

Enter loan details – Input the loan amount, interest rate, and repayment tenure.
View results – Instantly check your EMI amount, total interest payable, and total payment (principal + interest).
Adjust as needed – Modify the loan amount, interest rate, or tenure to find an EMI plan that suits your budget.

Illustration: How is EMI Calculated on a Home Loan?

Home loan EMI calculation formula

EMI = P x R x (1+R)^N / [(1+R)^N-1]

where, P = Principal amount, N = Loan tenure in months, and R = Monthly interest rate

Home loan EMI calculation example

If the annual rate of interest is 8.5%, the value of ‘R’ will be 8.5/ (12 x 100) = 0.00708

On availing of a housing loan of Rs. 40 lakh at an annual interest rate of 8.50% for a tenure of 240 months (20 years), the EMI will be calculated as:

EMI = 40,00,000 * 0.00708 * (1 + 0.00708)^240 / ((1 + 0.00708)^240 - 1) = Rs. 34,713

Calculation for Rs. 40 lakh home loan

Principal loan amount	Rs. 40 lakh
Home loan interest rate	8.50% p.a.
Tenure	20 Years
EMI	Rs. 34,713
Total interest paid	Rs. 43,31,103
Total payable amount (EMI * tenure in months)	Rs. 83,31,103

Show Less

What are features and benefits of Bajaj Finserv home loan EMI calculator?

Our home loan calculator is designed to simplify your financial planning by providing accurate EMI calculations. Here are the key features and benefits:

Ease of use: The calculator is user-friendly, requiring minimal input to generate precise EMI figures. Simply enter the loan amount, interest rate, and tenure to get instant results.
Financial planning: Understand the total interest payable over the loan tenure, enabling better financial planning and management of other expenses.
Time-saving: Quickly calculates EMIs without the need for complex manual computations, saving you valuable time and effort.
Transparency: Offers a clear breakdown of principal and interest components, ensuring transparency in your financial commitments.

Using our home loan calculator, you can make informed decisions, ensuring a smoother and more manageable home loan experience.

How can a home loan EMI calculator help you?

A home loan EMI calculator in India is a simple yet powerful tool that helps you plan your monthly repayments with ease. By entering basic details like the loan amount, interest rate on home loan, and repayment tenure, you can get instant home loan EMI calculations.

This tool saves you from complex manual math by automatically showing your monthly Equated Monthly Instalment, total interest payable, and overall payment amount. A housing loan EMI calculator also allows you to experiment with different values, helping you choose the most affordable plan. Whether you are comparing loan offers or trying to budget effectively, this calculator gives you a clear picture before you apply for a home loan.

Other home loan calculators

Home Loan EMI Calculator	Home Loan Tax Benefit Calculator	Home Loan Eligibility Calculator
Home Loan Prepayment Calculator	Stamp Duty Calculator

Best sellers for Home Loans

Frequently asked questions

What is the EMI for a 20 lakh home loan?

For a ₹20,00,000 home loan at 7.35% p.a. for 15 years (180 months), the monthly interest rate (R) is 0.006125. Using the EMI formula, EMI = [20,00,000 × 0.006125 × (1+0.006125)^180] ÷ [(1+0.006125)^180 – 1], the EMI is about ₹18,350. Over 15 years, the total repayment is approximately ₹33.03 lakh, including ₹13.03 lakh as interest. You can use a home loan EMI calculator in India to instantly verify these numbers and compare with different tenures.

How much EMI for 25 lakh home loan for 20 years?

For a ₹25,00,000 loan at 7.35% p.a. for 20 years (240 months), R = 0.006125. EMI works out to around ₹19,863. Over the tenure, you will repay ₹47.67 lakh in total, with ₹22.67 lakh being interest. If you reduce the tenure, you’ll save on interest but pay a higher EMI. A housing loan EMI calculator helps you check such scenarios before finalising your repayment plan.

What is the EMI for 10 lakh home loan for 5 years?

For a ₹10,00,000 loan at 7.35% p.a. for 5 years (60 months), R = 0.006125. The EMI is approximately ₹19,933. Across 5 years, your total repayment will be ₹11.96 lakh, including ₹1.96 lakh in interest. Shorter tenures have higher EMIs but lower total interest costs, something you can easily verify using a home loan EMI calculator.

What is the EMI for a 17-lakh home loan for 20 years?

For a ₹17,00,000 loan at 7.35% p.a. for 20 years (240 months), R = 0.006125. EMI ≈ ₹13,504. Over the tenure, the total repayment will be about ₹32.44 lakh, with ₹15.44 lakh as interest. A home loan EMI calculator lets you quickly see how adjusting the tenure or loan amount impacts your monthly outflow.

What is the EMI for a 25-lakh home loan for 10 years?

For a ₹25,00,000 loan at 7.35% p.a. for 10 years (120 months), R = 0.006125. EMI is about ₹29,381. Over 10 years, the total repayment will be ₹35.26 lakh, including ₹10.26 lakh as interest. Using a housing loan EMI calculator shows how shorter tenures increase EMIs but significantly reduce interest paid.

What is the EMI for 10 lakh home loan for 10 years?

For a ₹10,00,000 home loan at 7.35% p.a. for 10 years (120 months), R = 0.006125. The EMI is roughly ₹11,752. Over the tenure, you’ll pay ₹14.10 lakh in total, with ₹4.10 lakh as interest. You can check similar calculations for other amounts instantly using a home loan EMI calculator in India.

What is the EMI for a home loan of ₹50 lakhs?

For a ₹50,00,000 loan at 7.35% p.a. for 25 years (300 months), R = 0.006125. EMI comes to about ₹36,359. Over the tenure, your total repayment will be ₹1.09 crore, with ₹59.27 lakh as interest. Longer tenures mean lower EMIs but higher overall interest, something you can test with a housing loan EMI calculator.

How to manage my home loan EMIs?

Managing EMIs starts with choosing an affordable repayment plan. For example, with a ₹30,00,000 loan at 7.35% for 20 years, EMI ≈ ₹23,836. Ensure your EMI is no more than 40–45% of your monthly income, keep an emergency fund, and consider part-prepayments when possible. Tracking the interest rate on home loan can help you decide if refinancing makes sense.

Can I increase the EMI of my home loan?

Yes. Increasing EMIs helps close the loan faster and save on interest. Suppose your current EMI for a ₹20,00,000 loan at 7.35% for 20 years is ₹15,891. Increasing it to ₹20,000 could help you finish the loan years earlier, reducing total interest paid. A home loan EMI calculator shows exactly how much you can save.

How to calculate the EMI for your ₹30 Lakh home loan

For a ₹30,00,000 home loan at 7.35% p.a. for 15 years (180 months), R = 0.006125. EMI ≈ ₹27,526. Total repayment will be about ₹49.55 lakh, including ₹19.55 lakh in interest. With a housing loan EMI calculator, you can quickly experiment with tenure and amount to see what works for your budget.

What is a Home Loan amortisation schedule?

A home loan amortisation schedule is a detailed table showing the split of each EMI into principal and interest over time. For example, for a ₹25,00,000 loan at 7.35% for 10 years, early EMIs will have a higher interest portion, while later EMIs focus more on principal repayment. Many home loan EMI calculators in India also generate this schedule for easy reference.

Show More Show Less

Disclaimer

Results generated by the calculator(s) are indicative in nature. The interest rate applied on the loan will depend on the prevailing rates at the time of loan booking. The calculator(s) are not intended to provide its users/ customers with results that are either certified by Bajaj Finance Limited (“BFL”) or are an obligation, assurance, warranty, undertaking or commitment, financial and professional advice by BFL, under any circumstances. The calculator(s) are only a tool that assists the users/ customers arrive at results of various illustrative scenarios generated from data input by the user/ customer. The use of the calculator is entirely at the risk of the user/ customer, BFL is not responsible for any reason, for any errors in any outcome resulting from the use of the calculator.