These calculators are provided only as general self-help Planning Tools. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances. NRIs should input net income.

## What is Home Loan EMI Calculator?

Home Loan EMI Calculator assists in calculation of the loan installment i.e. EMI towards your home loan. It an easy to use calculator and acts as a financial planning tool for a home buyer.## What is Home Loan EMI?

EMI stands for Equated Monthly Installment. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. A longer loan tenure (for a maximum period of 30 years) helps in reducing the EMI.### Illustration: How is EMI on Loan Calculated?

### Formula for EMI Calculation is -

### P x R x (1+R)^N / [(1+R)^N-1] where-

P = Principal loan amountN = Loan tenure in monthsR = Monthly interest rateThe rate of interest (R) on your loan is calculated per month.R = Annual Rate of interest/12/100