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Home Loan EMI Calculator

Home Loan EMI is a fixed amount you are required to pay every month against the loan borrowed on a particular due date. The EMI comprises of two components

  • Principal
  • Interest payable on the principal


EMI on home loan is calculated on the basis of combinations of factors, namely principal amount, interest rate, tenure of loan and computation method. To understand how much EMI you need to shell out, you need to assess how much loan amount you actually need to buy a house.


IIFL Home Loans EMI Calculator

Calculating a home loan is one of the significant factors when initiating the home loan application process with a lender. The free tool can be used multiple times to calculate EMI on home loan, and it helps you make an informed decision when buying your dream home. Below is the home loan EMI calculation formula:


EMI = [P x R x (1+R)^N]/[(1+R)^N-1]


  • E: Equated Monthly Instalment,

  • P: Principal Amount

  • r: Interest rate per month

  • n: Number of monthly instalments or loan tenure in months.


Manual calculation of the home loan EMI can be time-consuming. Additionally, there are bound to be errors. To avoid this, IIFL Home Loans offer Home Loan Calculator that helps you arrive at a specific amount.


How to use the Home Loan Calculator

All you need to do is fill in the details such as loan amount, tenure and interest rate in the home loan eligibility calculator to know the monthly repayment amount

Note: The online calculator is provided only as a general self-help tool that helps you make an informed financial decision.

Calculate Your EMI

100000 30000000
12 360
8% 18%

your EMI Amount



Principal Amount

₹ 50,00,000

Interest Payable

₹ 56,04,529

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Benefits of Using Home Loan EMI Calculator

  • The IIFL Home Loans’ Home Loan Emi Calculator help you choose the right tenure of the loan. You can select shorter or longer tenure as per your financial requirements. If you are looking to pay EMI affordably, you can adjust the loan term accordingly
  • The EMI calculator for home loan helps you make plan your finances better. You are assured that you need to pay a fixed EMI amount every month which enables you to set aside the specific funds for home loan EMI. Thus, helping you pay EMIs comfortably.
  • The Housing loan Calculator is easy to use and can be used multiple times. You need not do complicated calculations. You can arrive at your EMI figure in a jiffy.

To estimate how much loan amount you can get given your monthly income and other parameters like other EMIs, you must try IIFL Home Loans’ Home Loan Eligibility Calculator.


Home Loan EMI is the specific amount that a borrower has to pay every month on a particular due date. The EMI will be applicable until the home loan amount is entirely repaid by the borrower.


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(Disclaimer: This is a sponsored section. IIFL Home Finance Ltd. holds no responsibility of the products or offerings mentioned on this page. Please exercise discretion while making any purchase.)