Home Loan EMI Calculator
Instantly see the monthly EMI, total interest and total repayable for any home loan.
Monthly EMI
₹43,391
Total interest
₹54,13,879
Total payable
₹1,04,13,879
How the EMI formula works
A home loan EMI has two components — principal repayment and interest. In early years, interest dominates; over time the principal component grows. Prepaying even 5% of the outstanding annually can cut a 20-year loan to under 14 years.
FAQs
How is EMI calculated?
EMI = [P × R × (1+R)^N] / [(1+R)^N − 1], where P is principal, R is monthly interest rate and N is tenure in months.
What is a good home loan rate in Lucknow?
Public sector banks (SBI, PNB) offer 8.4–8.75% for salaried buyers in 2026. Private banks range 8.5–9.5% depending on credit score.
How much home loan can I get?
Most lenders offer 75–90% of property value (LTV) with EMI capped at 50–55% of monthly net income.
