Home Loan Calculator | OwnPaisa - Fast & Easy Loans in India | Business, Home, Personal, Car Loans, OD, Loan Against Property

What is Home Loan Calculator?

A tool to estimate your EMI instantly based on loan amount, interest rate, and tenure — no manual calculation needed.

What is EMI?

EMI (Equated Monthly Installment) is the fixed monthly amount you pay towards your loan, including principal & interest.

How to Calculate Home Loan EMI?

Use the formula or an EMI Calculator: EMI = [P × R × (1+R)^N] / [(1+R)^N - 1] for quick results.

How to Reduce Your EMI?

Opt for longer tenure, refinance at lower interest, make part-prepayments, or improve your credit score.

Factors Affecting EMI

Loan amount, tenure, interest rate type, and your credit profile directly impact EMI amount.

How is Interest Calculated?

Interest is calculated on outstanding principal, using reducing balance or fixed rate methods.

What is Amortization Schedule?

A detailed table showing EMI split into principal & interest, plus remaining balance over the loan period.

Home Loan EMI Calculator