Home loan EMI calculator
See the monthly instalment on a home loan. Use the rate your bank actually offers you; the default below is only an example.
The formula
EMI = P x r x (1 + r)n / ((1 + r)n - 1), where P is the loan amount, r is the monthly rate (annual rate / 12 / 100) and n is the number of months.
Banks lend only part of the property value and you pay the rest, plus stamp duty and registration, from your own funds.
Questions
Does a longer tenure lower the EMI?
Yes, but you pay more interest over the life of the loan. Try 15, 20 and 25 years in the calculator to see the difference.
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