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EMI Calculator

Plan your dream home with precise monthly installment calculations. Know exactly what you pay before you buy.

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Accurate & Transparent

Our EMI calculator uses standard amortization formulas used by all major banks in India.

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Standard Formula

Uses the same reducing balance method as SBI, HDFC, ICICI & all major banks

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Adjust any value and see results instantly. No page reload needed

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No data is stored or shared. All calculations happen in your browser

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Year-wise breakdown with principal, interest, balance & progress bar

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EMI Calculator FAQs

What is EMI and how is it calculated? expand_more
EMI (Equated Monthly Installment) is the fixed payment amount made by a borrower to a lender at a specified date each month. It includes both principal and interest components. We use the standard reducing balance method: EMI = [P × R × (1+R)^N] / [(1+R)^N - 1], where P is principal, R is monthly interest rate, and N is number of months.
How much down payment should I make? expand_more
Most banks in India require a minimum down payment of 10-20% of the property value. However, putting down 25-30% can significantly reduce your EMI burden and total interest paid over the loan tenure. Use our calculator to see the difference.
What is the current home loan interest rate? expand_more
As of 2026, home loan interest rates in India range from 8.30% to 9.50% per annum depending on the bank, your credit score, and loan amount. SBI, HDFC, ICICI, and Axis Bank are among the top lenders. We recommend checking with multiple banks for the best rate.
Can I prepay my home loan? expand_more
Yes, most banks allow partial or full prepayment of home loans. For floating rate loans, there are typically no prepayment charges. For fixed-rate loans, charges may apply. Prepaying can significantly reduce your total interest outgo.

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