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Free calculator
Home loan EMI calculator
By TheBoolean Studio · Reviewed 2026-10 · Free forever
Move the numbers, watch the EMI. Principal, interest rate, tenure — monthly EMI, total interest and total payable update live.
₹22,493/month
Principal₹25,00,000
Total interest₹28,98,356
Total payable₹53,98,356
THEBOOLEAN® — theboolean.in/tools
Home Loan EMI calculation
Generated 2026-10-04
| Loan amount | ₹25,00,000 |
| Rate | 9% p.a. |
| Tenure | 20 yrs |
| Monthly EMI | ₹22,493 |
| Total interest | ₹28,98,356 |
| Total payable | ₹53,98,356 |
Figures are computed from publicly available formulas and public-domain data. TheBoolean does not hold, validate or warrant any third-party data, rates or outcomes. Estimates only — not financial, tax or legal advice. Confirm with a qualified professional.
Questions
How is home loan EMI calculated?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is principal, r monthly rate and n months. This page runs the same formula banks use.
Does prepayment reduce EMI or tenure?
Most lenders cut tenure by default on prepayment, which saves far more interest than cutting EMI. Ask your bank which it applies.
Is this financial advice?
No — an estimate for planning. Confirm with your lender; processing fees and insurance are not included.