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Home Loan EMI Calculator

This home loan EMI calculator starts from a typical ₹30 lakh loan at 8.5% for 20 years and lets you fine-tune every number, including a monthly prepayment. Home loans run long enough that a small extra payment changes the picture dramatically — the year-wise schedule and savings banner show you exactly how much.

  • Nothing you type leaves this page
  • Works offline once loaded
  • Free forever, no signup
Tenure

Extra paid every month on top of the EMI — it goes straight to principal and closes the loan early.

Amortization schedule

Year Principal paid Interest paid Total paid Balance
{{ row.year }} {{ inr(row.principal) }} {{ inr(row.interest) }} {{ inr(row.paid) }} {{ inr(row.closing) }}
Month Opening Payment Principal Interest Closing
{{ row.m }} {{ inr(row.opening) }} {{ inr(row.emi) }} {{ inr(row.principal) }} {{ inr(row.interest) }} {{ inr(row.closing) }}

From a free tool to your own software

Software for lenders, NBFCs and loan distributors

Loan officers and DSAs often quote EMIs from spreadsheets that stop matching the lender's own system once processing fees, broken-period interest or a part-prepayment enter the picture. NBFCs, co-operative banks and dealer finance teams need one calculation engine behind the quote, the sanction letter and the repayment schedule, so a borrower hears the same number at every step.

  • Loan origination systems

    Capture applications, collect documents, run eligibility checks and generate sanction letters whose EMI and amortisation schedule come from the same engine that services the loan.

  • Loan management and collections software

    Track disbursals, due dates, part-prepayments and overdues, recalculate schedules when the rate or tenure changes, and send borrowers reminders before each instalment.

  • Borrower self-service apps

    Let customers check their outstanding principal, download statements, request foreclosure figures and see the effect of a prepayment before they call your branch.

  • EMI quote tools for dealers and DSAs

    Give showroom staff and loan agents a branded quote tool that uses your current loan products and charges, and sends each enquiry straight into your lead pipeline.

Who we build this for: NBFCs, co-operative banks, housing finance companies, loan DSAs and vehicle or consumer-durable dealers.

This tool runs entirely in your browser. The team that built it designs custom software for businesses and runs DigiSign, our own signage platform, in production.

Scope a loan management system Software Product Engineering

How to use this tool

  1. Set your loan amount, rate and tenure

    The calculator opens with ₹30 lakh at 8.5% for 20 years — replace these with the figures from your sanction letter or bank quote.

  2. Read the EMI and total interest

    On a 20-year loan the interest often rivals the principal — the split bar makes the proportion impossible to miss.

  3. Try a monthly prepayment

    Add even ₹2,000–₹5,000 extra per month and watch the years-saved and interest-saved figures; download the CSV schedule to compare scenarios.

Questions people ask

What is the EMI for a ₹30 lakh home loan at 8.5% for 20 years?

About ₹26,035 per month. Over 240 months you repay roughly ₹62.5 lakh — about ₹32.5 lakh of it is interest, which is why prepayment matters so much on home loans.

How much does a monthly prepayment save on a home loan?

On the default ₹30 lakh / 8.5% / 20-year loan, an extra ₹5,000 every month closes the loan around 5 years early and saves several lakh in interest. Enter your own numbers — the savings banner updates instantly with the exact figures.

Should I prepay my home loan or invest the money instead?

Prepaying earns you a guaranteed, tax-free "return" equal to your loan rate (say 8.5%), while investments may earn more but with risk. Many borrowers do both — this calculator tells you the exact interest a prepayment saves so you can compare like for like.

Does the EMI change when interest rates change?

On floating-rate home loans banks usually keep the EMI constant and stretch or shrink the tenure when the repo rate moves. Re-run this calculator with the new rate and your current outstanding balance to see the effect.

Are there penalties for prepaying a home loan?

Floating-rate home loans to individuals carry no prepayment penalty per RBI rules. Fixed-rate loans can have charges — check your loan agreement before committing to a prepayment plan.

Is my loan information uploaded anywhere?

No — every calculation happens in your browser. Nothing is sent to a server, and the page works offline after it loads.

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Who makes these tools

Free because it costs us nothing to run: your browser does the work, not our servers. Made by Dynamb Technologies — we build software for businesses.