Mortgage Calculator India
Calculate your home loan EMI, total interest, and payment schedule with our free mortgage calculator. Perfect for planning your home purchase in India.
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Home Loan Details
₹
₹
₹
8.5%
20 years
Your Mortgage Summary
Monthly Payment (EMI)
₹34,850
Total Interest
₹4,364,000
Total Payment
₹8,364,000
Pay-off Date
July 2043
Payment Breakdown
Principal Amount
Interest Paid
Total Cost of Loan
₹8,364,000
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Amortization Schedule
See how each payment is split between principal and interest over the life of your loan.
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|
About Our Mortgage Calculator
Our advanced mortgage calculator helps Indian home buyers estimate their Equated Monthly Installments (EMI) and understand the complete financial picture of their home loan.
How This Calculator Works
The calculator uses the standard EMI formula used by Indian banks:
EMI = [P × R × (1+R)^N]/[(1+R)^N-1]
Where P is the principal loan amount, R is the monthly interest rate, and N is the loan tenure in months.