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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.

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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) }}

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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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.