Home Loan EMI Calculator
₹
8.5 %
Monthly EMI₹26,035
Principal Amount₹30,00,000
Total Interest₹32,48,400
Total Amount₹62,48,400
Principal vs Interest Payover (Cumulative)
How Home Loan EMI is Calculated?
Home Loan EMI (Equated Monthly Installment) is calculated based on the principal amount, interest rate, and the loan tenure. The formula used is E = [P x R x (1+R)^N]/[(1+R)^N-1].
- P = Principal loan amount
- R = Monthly interest rate (Annual Rate/12/100)
- N = Loan tenure in months