A simple online home loan EMI calculator to instantly find your monthly EMI, total interest, and total payable amount. Just enter the loan amount, interest rate, and tenure (in years), and your exact EMI will be displayed instantly.
Home Loan EMI Calculator - Calculate your housing loan EMI online
In 2026, many Indian borrowers rely on a home loan EMI calculator to understand how changing property prices and fluctuating home loan interest rates can affect their monthly payments. The Bajaj Finance Home Loan EMI Calculator allows you to quickly estimate your instalments in just a few clicks. By entering the loan amount, interest rate, and tenure, you can instantly view your expected EMI and plan repayments more effectively. This clarity helps you budget with confidence before committing to a long-term financial responsibility.
Using a home loan calculator at the beginning of your journey also improves your financial awareness. When you clearly understand how much you will repay every month, you are in a stronger position to negotiate and secure a competitive home loan interest rate. Lenders are often more comfortable offering favourable terms to borrowers who demonstrate a well-planned and informed approach towards their financial future.
For first-time buyers, understanding the complete cost of owning a home can be challenging. Monthly instalments, interest payments, and long repayment periods can feel overwhelming without proper planning. The EMI calculator gives you a realistic view of your repayment structure, with EMIs starting from Rs. 671/lakh*, at an interest rate of 7.25% p.a.* With flexible repayment options and a top-up loan facility, Bajaj Finance helps you manage your housing loan comfortably while planning your financial future with greater certainty.
Home loan amortization schedule
Let’s assume you take a home loan of Rs. 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 | EMI*12 | 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 |
What is a home loan EMI calculator?
A home loan EMI calculator is an online tool that helps you work out your monthly home loan instalment in advance. By entering basic details such as the loan amount, interest rate and tenure, you can quickly see your expected EMI. This makes it easier to plan your finances, set a realistic budget, and understand your repayment commitment before applying for a home loan.
What is home loan EMI?
Home Loan EMI refers to the Equated Monthly Instalment that you pay to your lender every month. Each EMI includes the repayment of the principal amount along with interest charged on the outstanding amount of your home loan. The EMI amount depends on the loan value, interest rate and tenure. Choosing a longer repayment period can help lower the monthly burden.
Read more: What is home loan EMI?
Planning to purchase a home? Know how EMI calculation helps you
If you are planning a home purchase, understanding your monthly repayment in advance can make the process smoother and less stressful. Using Bajaj Finance’s Home Loan EMI calculator allows you to check how much you may need to pay every month towards your housing loan. By entering the loan amount, interest rate, and tenure, you can estimate the loan amount that fits your budget comfortably. This also supports the calculation of home loan eligibility, as lenders assess your repayment capacity before approving funds. Knowing your EMI early helps you plan savings, manage expenses wisely, and move ahead with confidence in your home purchase journey.
How to use Bajaj Finance 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 |
What are features and benefits of Bajaj Finance 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.
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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.
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