Home Loan EMI Calculator
Calculate monthly EMI, interest payable, and total loan payment breakdown for home buyers.
Monthly Loan EMI₹26,035
Principal Amount₹30,00,000
Interest Payable₹32,48,327
Total Bill:₹62,48,327
Breakdown
Principal Amount48.0%
Interest Cost52.0%
How This is Calculated (Formula Transparency)
EMI = [P * r * (1 + r)^n] / [((1 + r)^n) - 1], where P = Principal, r = monthly interest rate (annual / 12 / 100), n = tenure in months.
Concept: P = 50,00,000, r = 8.5 / 12 / 100 = 0.007083, n = 240 months. EMI = [50L * 0.007083 * 1.007083^240] / [1.007083^240 - 1] = ₹43,391.
Worked Example Case Study
Scenario: Home loan of ₹50,00,000 at 8.5% interest rate for 20 years.
Detailed Calculation: P = 50,00,000, r = 8.5 / 12 / 100 = 0.007083, n = 240 months. EMI = [50L * 0.007083 * 1.007083^240] / [1.007083^240 - 1] = ₹43,391.
Result Outcome: Monthly EMI: ₹43,391. Total Interest: ₹54,13,879. Total Payment: ₹1,04,13,879.
Assumptions & Rules
- Interest is compounded monthly.
- No processing fees or charges are included.
- Calculations are compliant with laws and rates as of FY 2025-26 (AY 2026-27).
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