Home Loan EMI Calculator
Calculate your Equated Monthly Installment (EMI) for home loans with prepayment options to save on interest and reduce tenure.
| EMI # | Month | EMI Amount | Principal | Interest | Remaining Balance |
|---|
About Home Loan EMI Calculator
The Home Loan EMI Calculator is a powerful tool designed to help you understand your monthly repayment obligations for a home loan. It calculates the Equated Monthly Installment (EMI) based on the loan amount, interest rate, and tenure. Additionally, it offers prepayment options to show how extra payments or annual increases can save you significant interest and shorten the loan duration.
How to Use This Tool
- Select Currency: Choose your preferred currency from the dropdown list to display amounts in your local currency.
- Enter Loan Amount: Input the principal loan amount you wish to borrow.
- Enter Interest Rate: Provide the annual interest rate offered by your lender (in percentage).
- Enter Tenure: Specify the loan duration in years.
- Click Calculate EMI: This will compute and display your monthly EMI, total interest, and total payment.
- Explore Savings (Optional): Click "How to Save Money?" to reveal prepayment options. Enter extra EMIs per year and annual EMI increase percentage.
- Recalculate with Savings: Click this button to see the interest saved, time saved, and a detailed amortization schedule showing each EMI's breakdown.
Note: This calculator provides estimates for informational purposes only. Consult your financial advisor for personalized advice. Currency selection affects display symbols but does not impact calculations.