Home Loan EMI Calculator
Calculate your home loan EMI, total interest, and payment schedule
EMI Formula
EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]
Where:
P = Principal Loan Amount
r = Monthly Interest Rate (Annual Rate / 12 / 100)
n = Loan Tenure in Months
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About Home Loan EMI
EMI (Equated Monthly Installment) is the fixed amount you pay each month towards your home loan. It includes both principal and interest components. The interest portion is higher in the initial years and decreases over time.