EMI Calculator for Home Loan, LAP & Business Loan

Q: Does the EMI include processing fees and insurance?

No. The estimate covers principal and interest only. Lender-specific fees and charges are separate.

Q: How does tenure affect total interest?

A longer tenure can reduce monthly EMI but usually increases total interest.

Q: Is the displayed interest rate guaranteed?

No. Displayed rates are indicative market references. Final rates depend on lender policy and borrower profile.

Calculate monthly EMI, total interest, total repayment and a yearly amortization schedule for high-value loan scenarios.

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Free online EMI calculator

Compare the monthly EMI and the full repayment cost.

Interactive repayment planner Calculate EMI, interest cost and yearly repayment Adjust the loan amount, indicative interest rate and tenure to compare repayment scenarios instantly. Loan product Home Loan — reference rate 7.75% Loan Against Property — reference rate 8.55% Business Loan — reference rate 10.75% Working Capital — eligible schemes from 7.50% Custom rate Loan amount₹ ₹1 lakh₹10 crore Rate of interest (p.a.)% 5%30% Loan tenureyears 1 year30 years Estimated monthly EMI ₹61,572 Loan
breakdown Principal amount₹75,00,000 Total interest₹72,77,280 Total repayment₹1,47,77,280 Discuss this repayment plan Repayment scheduleYearly amortization detailsSee how each year’s payment is divided between principal and interest. YearPrincipal paidInterest paidBalance Important: Results and displayed starting rates are illustrative market references, not a loan offer. Actual rates, APR, fees, eligibility and terms are set by the respective lender and borrower profile. References reviewed September 2026: HDFC Bank home loan rates, HDFC Bank LAP rates, HDFC Bank business finance, and SBI MSME finance. EMI calculator questions What is the formula used to calculate EMI?EMI is calculated using the principal, monthly interest rate and number of monthly instalments. The calculator applies the standard reducing-balance EMI formula. Does the EMI include processing fees and insurance?No. The estimate covers principal and interest only. Processing charges, legal or valuation costs, insurance, taxes and other lender-specific fees are separate. How does tenure affect total interest?A longer tenure can reduce the monthly EMI but usually increases total interest. Compare both monthly affordability and total repayment before deciding. Is the displayed interest rate guaranteed?No. It is an indicative market reference. The final rate depends on lender policy, credit profile, income, obligations, collateral and documentation.

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Monthly EMI

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Total interest

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Total repayment

What to know

A clearer way to evaluate emi calculator.

How EMI is calculated

The calculator applies the standard reducing-balance formula: EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ−1), where P is principal, r is the monthly rate and n is the number of instalments.

Compare EMI and total interest

A longer tenure can reduce the monthly instalment but usually increases total interest. Compare both figures before choosing a repayment horizon.

Read the amortization schedule

The yearly schedule shows how early payments contain more interest and how principal repayment increases as the outstanding balance falls.

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