Post Date: April 1, 2021
Buying a house of their own is perhaps one of the most important goal for most people. Home Loans can assist you in achieving this goal early in life. Once you take a Home Loan you need to pay Equated Monthly Instalments (EMIs). Your EMI consists of Principal and Interest. In the initial years the interest outgo is larger than the principal repayment. Let us explore How Home Loan EMI is calculated.
Banks and financial institutions in general calculate EMI of a home loan through a common mathematical formula. Hence, EMI is calculated on the basis of loan amount, tenure and interest rate. The bank will take the outstanding loan amount at the end of each month and multiply it by the interest rate that applies to your loan, and then divide that amount by 12.
How Home Loan EMI is calculated?
The Mathematical Formula for calculating Home Loan EMI :
EMI = ((Principal x Rate of Interest per month/100 x (1 + Rate of Interest per month/100) ^ Number of Monthly Instalments)/((1 + Rate of Interest per month/100) ^ Number of Monthly Instalments – 1)))
Let us understand this mathematical formula using a real-life example: Assuming,
- Principal Amount = Rs 50 lakhs,
- Rate of interest (Per Annum) = 6.9 %
- Rate of interest (Per Month) = 6.9/12 = 0.575% per month,
- Number of Instalments = 300 months
- EMI = ((500000*0.575 /100*(1+0.575 /100) ^300/((1 + 0.575 /100)^300-1))) = Rs 35,021
We have created an interactive Home Loan EMI calculator for you below which you can use to calculate your EMI:
[CP_CALCULATED_FIELDS id=”6″]
See below the entire calculation for 300 months also known as Amortization Schedule:
| Month | Beginning Loan Balance | EMI | Principal | Monthly Interest | Outstanding Balance |
|---|---|---|---|---|---|
| 1 | ₹ 5000000 | ₹ 35021 | ₹ 6271 | ₹ 28750 | ₹ 4993729 |
| 2 | ₹ 4993729 | ₹ 35021 | ₹ 6307 | ₹ 28714 | ₹ 4987423 |
| 3 | ₹ 4987423 | ₹ 35021 | ₹ 6343 | ₹ 28678 | ₹ 4981080 |
| 4 | ₹ 4981080 | ₹ 35021 | ₹ 6379 | ₹ 28641 | ₹ 4974700 |
| 5 | ₹ 4974700 | ₹ 35021 | ₹ 6416 | ₹ 28605 | ₹ 4968284 |
| 6 | ₹ 4968284 | ₹ 35021 | ₹ 6453 | ₹ 28568 | ₹ 4961831 |
| 7 | ₹ 4961831 | ₹ 35021 | ₹ 6490 | ₹ 28531 | ₹ 4955341 |
| 8 | ₹ 4955341 | ₹ 35021 | ₹ 6527 | ₹ 28493 | ₹ 4948814 |
| 9 | ₹ 4948814 | ₹ 35021 | ₹ 6565 | ₹ 28456 | ₹ 4942249 |
| 10 | ₹ 4942249 | ₹ 35021 | ₹ 6603 | ₹ 28418 | ₹ 4935646 |
| 11 | ₹ 4935646 | ₹ 35021 | ₹ 6641 | ₹ 28380 | ₹ 4929005 |
| 12 | ₹ 4929005 | ₹ 35021 | ₹ 6679 | ₹ 28342 | ₹ 4922326 |
| 13 | ₹ 4922326 | ₹ 35021 | ₹ 6717 | ₹ 28303 | ₹ 4915609 |
| 14 | ₹ 4915609 | ₹ 35021 | ₹ 6756 | ₹ 28265 | ₹ 4908853 |
| 15 | ₹ 4908853 | ₹ 35021 | ₹ 6795 | ₹ 28226 | ₹ 4902059 |
| 16 | ₹ 4902059 | ₹ 35021 | ₹ 6834 | ₹ 28187 | ₹ 4895225 |
| 17 | ₹ 4895225 | ₹ 35021 | ₹ 6873 | ₹ 28148 | ₹ 4888352 |
| 18 | ₹ 4888352 | ₹ 35021 | ₹ 6913 | ₹ 28108 | ₹ 4881439 |
| 19 | ₹ 4881439 | ₹ 35021 | ₹ 6952 | ₹ 28068 | ₹ 4874487 |
| 20 | ₹ 4874487 | ₹ 35021 | ₹ 6992 | ₹ 28028 | ₹ 4867494 |
| 21 | ₹ 4867494 | ₹ 35021 | ₹ 7033 | ₹ 27988 | ₹ 4860462 |
| 22 | ₹ 4860462 | ₹ 35021 | ₹ 7073 | ₹ 27948 | ₹ 4853389 |
| 23 | ₹ 4853389 | ₹ 35021 | ₹ 7114 | ₹ 27907 | ₹ 4846275 |
| 24 | ₹ 4846275 | ₹ 35021 | ₹ 7155 | ₹ 27866 | ₹ 4839121 |
| 25 | ₹ 4839121 | ₹ 35021 | ₹ 7196 | ₹ 27825 | ₹ 4831925 |
| 26 | ₹ 4831925 | ₹ 35021 | ₹ 7237 | ₹ 27784 | ₹ 4824688 |
| 27 | ₹ 4824688 | ₹ 35021 | ₹ 7279 | ₹ 27742 | ₹ 4817409 |
| 28 | ₹ 4817409 | ₹ 35021 | ₹ 7321 | ₹ 27700 | ₹ 4810089 |
| 29 | ₹ 4810089 | ₹ 35021 | ₹ 7363 | ₹ 27658 | ₹ 4802726 |
| 30 | ₹ 4802726 | ₹ 35021 | ₹ 7405 | ₹ 27616 | ₹ 4795321 |
| 31 | ₹ 4795321 | ₹ 35021 | ₹ 7448 | ₹ 27573 | ₹ 4787874 |
| 32 | ₹ 4787874 | ₹ 35021 | ₹ 7490 | ₹ 27530 | ₹ 4780383 |
| 33 | ₹ 4780383 | ₹ 35021 | ₹ 7533 | ₹ 27487 | ₹ 4772850 |
| 34 | ₹ 4772850 | ₹ 35021 | ₹ 7577 | ₹ 27444 | ₹ 4765273 |
| 35 | ₹ 4765273 | ₹ 35021 | ₹ 7620 | ₹ 27400 | ₹ 4757653 |
| 36 | ₹ 4757653 | ₹ 35021 | ₹ 7664 | ₹ 27357 | ₹ 4749989 |
| 37 | ₹ 4749989 | ₹ 35021 | ₹ 7708 | ₹ 27312 | ₹ 4742280 |
| 38 | ₹ 4742280 | ₹ 35021 | ₹ 7753 | ₹ 27268 | ₹ 4734528 |
| 39 | ₹ 4734528 | ₹ 35021 | ₹ 7797 | ₹ 27224 | ₹ 4726731 |
| 40 | ₹ 4726731 | ₹ 35021 | ₹ 7842 | ₹ 27179 | ₹ 4718889 |
| 41 | ₹ 4718889 | ₹ 35021 | ₹ 7887 | ₹ 27134 | ₹ 4711002 |
| 42 | ₹ 4711002 | ₹ 35021 | ₹ 7932 | ₹ 27088 | ₹ 4703069 |
| 43 | ₹ 4703069 | ₹ 35021 | ₹ 7978 | ₹ 27043 | ₹ 4695091 |
| 44 | ₹ 4695091 | ₹ 35021 | ₹ 8024 | ₹ 26997 | ₹ 4687067 |
| 45 | ₹ 4687067 | ₹ 35021 | ₹ 8070 | ₹ 26951 | ₹ 4678997 |
| 46 | ₹ 4678997 | ₹ 35021 | ₹ 8116 | ₹ 26904 | ₹ 4670881 |
| 47 | ₹ 4670881 | ₹ 35021 | ₹ 8163 | ₹ 26858 | ₹ 4662718 |
| 48 | ₹ 4662718 | ₹ 35021 | ₹ 8210 | ₹ 26811 | ₹ 4654508 |
| 49 | ₹ 4654508 | ₹ 35021 | ₹ 8257 | ₹ 26763 | ₹ 4646251 |
| 50 | ₹ 4646251 | ₹ 35021 | ₹ 8305 | ₹ 26716 | ₹ 4637946 |
| 51 | ₹ 4637946 | ₹ 35021 | ₹ 8352 | ₹ 26668 | ₹ 4629594 |
| 52 | ₹ 4629594 | ₹ 35021 | ₹ 8400 | ₹ 26620 | ₹ 4621193 |
| 53 | ₹ 4621193 | ₹ 35021 | ₹ 8449 | ₹ 26572 | ₹ 4612744 |
| 54 | ₹ 4612744 | ₹ 35021 | ₹ 8497 | ₹ 26523 | ₹ 4604247 |
| 55 | ₹ 4604247 | ₹ 35021 | ₹ 8546 | ₹ 26474 | ₹ 4595701 |
| 56 | ₹ 4595701 | ₹ 35021 | ₹ 8595 | ₹ 26425 | ₹ 4587105 |
| 57 | ₹ 4587105 | ₹ 35021 | ₹ 8645 | ₹ 26376 | ₹ 4578461 |
| 58 | ₹ 4578461 | ₹ 35021 | ₹ 8694 | ₹ 26326 | ₹ 4569766 |
| 59 | ₹ 4569766 | ₹ 35021 | ₹ 8744 | ₹ 26276 | ₹ 4561022 |
| 60 | ₹ 4561022 | ₹ 35021 | ₹ 8795 | ₹ 26226 | ₹ 4552227 |
| 61 | ₹ 4552227 | ₹ 35021 | ₹ 8845 | ₹ 26175 | ₹ 4543382 |
| 62 | ₹ 4543382 | ₹ 35021 | ₹ 8896 | ₹ 26124 | ₹ 4534485 |
| 63 | ₹ 4534485 | ₹ 35021 | ₹ 8947 | ₹ 26073 | ₹ 4525538 |
| 64 | ₹ 4525538 | ₹ 35021 | ₹ 8999 | ₹ 26022 | ₹ 4516539 |
| 65 | ₹ 4516539 | ₹ 35021 | ₹ 9051 | ₹ 25970 | ₹ 4507489 |
| 66 | ₹ 4507489 | ₹ 35021 | ₹ 9103 | ₹ 25918 | ₹ 4498386 |
| 67 | ₹ 4498386 | ₹ 35021 | ₹ 9155 | ₹ 25866 | ₹ 4489231 |
| 68 | ₹ 4489231 | ₹ 35021 | ₹ 9208 | ₹ 25813 | ₹ 4480024 |
| 69 | ₹ 4480024 | ₹ 35021 | ₹ 9261 | ₹ 25760 | ₹ 4470763 |
| 70 | ₹ 4470763 | ₹ 35021 | ₹ 9314 | ₹ 25707 | ₹ 4461449 |
| 71 | ₹ 4461449 | ₹ 35021 | ₹ 9367 | ₹ 25653 | ₹ 4452082 |
| 72 | ₹ 4452082 | ₹ 35021 | ₹ 9421 | ₹ 25599 | ₹ 4442661 |
| 73 | ₹ 4442661 | ₹ 35021 | ₹ 9475 | ₹ 25545 | ₹ 4433186 |
| 74 | ₹ 4433186 | ₹ 35021 | ₹ 9530 | ₹ 25491 | ₹ 4423656 |
| 75 | ₹ 4423656 | ₹ 35021 | ₹ 9585 | ₹ 25436 | ₹ 4414071 |
| 76 | ₹ 4414071 | ₹ 35021 | ₹ 9640 | ₹ 25381 | ₹ 4404431 |
| 77 | ₹ 4404431 | ₹ 35021 | ₹ 9695 | ₹ 25325 | ₹ 4394736 |
| 78 | ₹ 4394736 | ₹ 35021 | ₹ 9751 | ₹ 25270 | ₹ 4384985 |
| 79 | ₹ 4384985 | ₹ 35021 | ₹ 9807 | ₹ 25214 | ₹ 4375178 |
| 80 | ₹ 4375178 | ₹ 35021 | ₹ 9863 | ₹ 25157 | ₹ 4365315 |
| 81 | ₹ 4365315 | ₹ 35021 | ₹ 9920 | ₹ 25101 | ₹ 4355395 |
| 82 | ₹ 4355395 | ₹ 35021 | ₹ 9977 | ₹ 25044 | ₹ 4345418 |
| 83 | ₹ 4345418 | ₹ 35021 | ₹ 10034 | ₹ 24986 | ₹ 4335383 |
| 84 | ₹ 4335383 | ₹ 35021 | ₹ 10092 | ₹ 24928 | ₹ 4325291 |
| 85 | ₹ 4325291 | ₹ 35021 | ₹ 10150 | ₹ 24870 | ₹ 4315141 |
| 86 | ₹ 4315141 | ₹ 35021 | ₹ 10209 | ₹ 24812 | ₹ 4304932 |
| 87 | ₹ 4304932 | ₹ 35021 | ₹ 10267 | ₹ 24753 | ₹ 4294665 |
| 88 | ₹ 4294665 | ₹ 35021 | ₹ 10326 | ₹ 24694 | ₹ 4284339 |
| 89 | ₹ 4284339 | ₹ 35021 | ₹ 10386 | ₹ 24635 | ₹ 4273953 |
| 90 | ₹ 4273953 | ₹ 35021 | ₹ 10445 | ₹ 24575 | ₹ 4263508 |
| 91 | ₹ 4263508 | ₹ 35021 | ₹ 10505 | ₹ 24515 | ₹ 4253002 |
| 92 | ₹ 4253002 | ₹ 35021 | ₹ 10566 | ₹ 24455 | ₹ 4242436 |
| 93 | ₹ 4242436 | ₹ 35021 | ₹ 10627 | ₹ 24394 | ₹ 4231810 |
| 94 | ₹ 4231810 | ₹ 35021 | ₹ 10688 | ₹ 24333 | ₹ 4221122 |
| 95 | ₹ 4221122 | ₹ 35021 | ₹ 10749 | ₹ 24271 | ₹ 4210373 |
| 96 | ₹ 4210373 | ₹ 35021 | ₹ 10811 | ₹ 24210 | ₹ 4199562 |
| 97 | ₹ 4199562 | ₹ 35021 | ₹ 10873 | ₹ 24147 | ₹ 4188689 |
| 98 | ₹ 4188689 | ₹ 35021 | ₹ 10936 | ₹ 24085 | ₹ 4177753 |
| 99 | ₹ 4177753 | ₹ 35021 | ₹ 10999 | ₹ 24022 | ₹ 4166755 |
| 100 | ₹ 4166755 | ₹ 35021 | ₹ 11062 | ₹ 23959 | ₹ 4155693 |
| 101 | ₹ 4155693 | ₹ 35021 | ₹ 11125 | ₹ 23895 | ₹ 4144567 |
| 102 | ₹ 4144567 | ₹ 35021 | ₹ 11189 | ₹ 23831 | ₹ 4133378 |
| 103 | ₹ 4133378 | ₹ 35021 | ₹ 11254 | ₹ 23767 | ₹ 4122124 |
| 104 | ₹ 4122124 | ₹ 35021 | ₹ 11318 | ₹ 23702 | ₹ 4110806 |
| 105 | ₹ 4110806 | ₹ 35021 | ₹ 11384 | ₹ 23637 | ₹ 4099422 |
| 106 | ₹ 4099422 | ₹ 35021 | ₹ 11449 | ₹ 23572 | ₹ 4087973 |
| 107 | ₹ 4087973 | ₹ 35021 | ₹ 11515 | ₹ 23506 | ₹ 4076459 |
| 108 | ₹ 4076459 | ₹ 35021 | ₹ 11581 | ₹ 23440 | ₹ 4064878 |
| 109 | ₹ 4064878 | ₹ 35021 | ₹ 11648 | ₹ 23373 | ₹ 4053230 |
| 110 | ₹ 4053230 | ₹ 35021 | ₹ 11715 | ₹ 23306 | ₹ 4041515 |
| 111 | ₹ 4041515 | ₹ 35021 | ₹ 11782 | ₹ 23239 | ₹ 4029733 |
| 112 | ₹ 4029733 | ₹ 35021 | ₹ 11850 | ₹ 23171 | ₹ 4017884 |
| 113 | ₹ 4017884 | ₹ 35021 | ₹ 11918 | ₹ 23103 | ₹ 4005966 |
| 114 | ₹ 4005966 | ₹ 35021 | ₹ 11986 | ₹ 23034 | ₹ 3993980 |
| 115 | ₹ 3993980 | ₹ 35021 | ₹ 12055 | ₹ 22965 | ₹ 3981924 |
| 116 | ₹ 3981924 | ₹ 35021 | ₹ 12125 | ₹ 22896 | ₹ 3969800 |
| 117 | ₹ 3969800 | ₹ 35021 | ₹ 12194 | ₹ 22826 | ₹ 3957606 |
| 118 | ₹ 3957606 | ₹ 35021 | ₹ 12264 | ₹ 22756 | ₹ 3945341 |
| 119 | ₹ 3945341 | ₹ 35021 | ₹ 12335 | ₹ 22686 | ₹ 3933006 |
| 120 | ₹ 3933006 | ₹ 35021 | ₹ 12406 | ₹ 22615 | ₹ 3920600 |
| 121 | ₹ 3920600 | ₹ 35021 | ₹ 12477 | ₹ 22543 | ₹ 3908123 |
| 122 | ₹ 3908123 | ₹ 35021 | ₹ 12549 | ₹ 22472 | ₹ 3895574 |
| 123 | ₹ 3895574 | ₹ 35021 | ₹ 12621 | ₹ 22400 | ₹ 3882953 |
| 124 | ₹ 3882953 | ₹ 35021 | ₹ 12694 | ₹ 22327 | ₹ 3870259 |
| 125 | ₹ 3870259 | ₹ 35021 | ₹ 12767 | ₹ 22254 | ₹ 3857493 |
| 126 | ₹ 3857493 | ₹ 35021 | ₹ 12840 | ₹ 22181 | ₹ 3844653 |
| 127 | ₹ 3844653 | ₹ 35021 | ₹ 12914 | ₹ 22107 | ₹ 3831739 |
| 128 | ₹ 3831739 | ₹ 35021 | ₹ 12988 | ₹ 22032 | ₹ 3818751 |
| 129 | ₹ 3818751 | ₹ 35021 | ₹ 13063 | ₹ 21958 | ₹ 3805688 |
| 130 | ₹ 3805688 | ₹ 35021 | ₹ 13138 | ₹ 21883 | ₹ 3792550 |
| 131 | ₹ 3792550 | ₹ 35021 | ₹ 13213 | ₹ 21807 | ₹ 3779337 |
| 132 | ₹ 3779337 | ₹ 35021 | ₹ 13289 | ₹ 21731 | ₹ 3766047 |
| 133 | ₹ 3766047 | ₹ 35021 | ₹ 13366 | ₹ 21655 | ₹ 3752681 |
| 134 | ₹ 3752681 | ₹ 35021 | ₹ 13443 | ₹ 21578 | ₹ 3739239 |
| 135 | ₹ 3739239 | ₹ 35021 | ₹ 13520 | ₹ 21501 | ₹ 3725718 |
| 136 | ₹ 3725718 | ₹ 35021 | ₹ 13598 | ₹ 21423 | ₹ 3712121 |
| 137 | ₹ 3712121 | ₹ 35021 | ₹ 13676 | ₹ 21345 | ₹ 3698445 |
| 138 | ₹ 3698445 | ₹ 35021 | ₹ 13755 | ₹ 21266 | ₹ 3684690 |
| 139 | ₹ 3684690 | ₹ 35021 | ₹ 13834 | ₹ 21187 | ₹ 3670857 |
| 140 | ₹ 3670857 | ₹ 35021 | ₹ 13913 | ₹ 21107 | ₹ 3656943 |
| 141 | ₹ 3656943 | ₹ 35021 | ₹ 13993 | ₹ 21027 | ₹ 3642950 |
| 142 | ₹ 3642950 | ₹ 35021 | ₹ 14074 | ₹ 20947 | ₹ 3628876 |
| 143 | ₹ 3628876 | ₹ 35021 | ₹ 14155 | ₹ 20866 | ₹ 3614722 |
| 144 | ₹ 3614722 | ₹ 35021 | ₹ 14236 | ₹ 20785 | ₹ 3600486 |
| 145 | ₹ 3600486 | ₹ 35021 | ₹ 14318 | ₹ 20703 | ₹ 3586168 |
| 146 | ₹ 3586168 | ₹ 35021 | ₹ 14400 | ₹ 20620 | ₹ 3571768 |
| 147 | ₹ 3571768 | ₹ 35021 | ₹ 14483 | ₹ 20538 | ₹ 3557285 |
| 148 | ₹ 3557285 | ₹ 35021 | ₹ 14566 | ₹ 20454 | ₹ 3542719 |
| 149 | ₹ 3542719 | ₹ 35021 | ₹ 14650 | ₹ 20371 | ₹ 3528069 |
| 150 | ₹ 3528069 | ₹ 35021 | ₹ 14734 | ₹ 20286 | ₹ 3513334 |
| 151 | ₹ 3513334 | ₹ 35021 | ₹ 14819 | ₹ 20202 | ₹ 3498515 |
| 152 | ₹ 3498515 | ₹ 35021 | ₹ 14904 | ₹ 20116 | ₹ 3483611 |
| 153 | ₹ 3483611 | ₹ 35021 | ₹ 14990 | ₹ 20031 | ₹ 3468621 |
| 154 | ₹ 3468621 | ₹ 35021 | ₹ 15076 | ₹ 19945 | ₹ 3453545 |
| 155 | ₹ 3453545 | ₹ 35021 | ₹ 15163 | ₹ 19858 | ₹ 3438383 |
| 156 | ₹ 3438383 | ₹ 35021 | ₹ 15250 | ₹ 19771 | ₹ 3423133 |
| 157 | ₹ 3423133 | ₹ 35021 | ₹ 15338 | ₹ 19683 | ₹ 3407795 |
| 158 | ₹ 3407795 | ₹ 35021 | ₹ 15426 | ₹ 19595 | ₹ 3392369 |
| 159 | ₹ 3392369 | ₹ 35021 | ₹ 15515 | ₹ 19506 | ₹ 3376855 |
| 160 | ₹ 3376855 | ₹ 35021 | ₹ 15604 | ₹ 19417 | ₹ 3361251 |
| 161 | ₹ 3361251 | ₹ 35021 | ₹ 15693 | ₹ 19327 | ₹ 3345557 |
| 162 | ₹ 3345557 | ₹ 35021 | ₹ 15784 | ₹ 19237 | ₹ 3329774 |
| 163 | ₹ 3329774 | ₹ 35021 | ₹ 15874 | ₹ 19146 | ₹ 3313899 |
| 164 | ₹ 3313899 | ₹ 35021 | ₹ 15966 | ₹ 19055 | ₹ 3297934 |
| 165 | ₹ 3297934 | ₹ 35021 | ₹ 16058 | ₹ 18963 | ₹ 3281876 |
| 166 | ₹ 3281876 | ₹ 35021 | ₹ 16150 | ₹ 18871 | ₹ 3265726 |
| 167 | ₹ 3265726 | ₹ 35021 | ₹ 16243 | ₹ 18778 | ₹ 3249484 |
| 168 | ₹ 3249484 | ₹ 35021 | ₹ 16336 | ₹ 18685 | ₹ 3233147 |
| 169 | ₹ 3233147 | ₹ 35021 | ₹ 16430 | ₹ 18591 | ₹ 3216717 |
| 170 | ₹ 3216717 | ₹ 35021 | ₹ 16525 | ₹ 18496 | ₹ 3200193 |
| 171 | ₹ 3200193 | ₹ 35021 | ₹ 16620 | ₹ 18401 | ₹ 3183573 |
| 172 | ₹ 3183573 | ₹ 35021 | ₹ 16715 | ₹ 18306 | ₹ 3166858 |
| 173 | ₹ 3166858 | ₹ 35021 | ₹ 16811 | ₹ 18209 | ₹ 3150047 |
| 174 | ₹ 3150047 | ₹ 35021 | ₹ 16908 | ₹ 18113 | ₹ 3133139 |
| 175 | ₹ 3133139 | ₹ 35021 | ₹ 17005 | ₹ 18016 | ₹ 3116134 |
| 176 | ₹ 3116134 | ₹ 35021 | ₹ 17103 | ₹ 17918 | ₹ 3099031 |
| 177 | ₹ 3099031 | ₹ 35021 | ₹ 17201 | ₹ 17819 | ₹ 3081830 |
| 178 | ₹ 3081830 | ₹ 35021 | ₹ 17300 | ₹ 17721 | ₹ 3064530 |
| 179 | ₹ 3064530 | ₹ 35021 | ₹ 17400 | ₹ 17621 | ₹ 3047130 |
| 180 | ₹ 3047130 | ₹ 35021 | ₹ 17500 | ₹ 17521 | ₹ 3029631 |
| 181 | ₹ 3029631 | ₹ 35021 | ₹ 17600 | ₹ 17420 | ₹ 3012030 |
| 182 | ₹ 3012030 | ₹ 35021 | ₹ 17701 | ₹ 17319 | ₹ 2994329 |
| 183 | ₹ 2994329 | ₹ 35021 | ₹ 17803 | ₹ 17217 | ₹ 2976526 |
| 184 | ₹ 2976526 | ₹ 35021 | ₹ 17906 | ₹ 17115 | ₹ 2958620 |
| 185 | ₹ 2958620 | ₹ 35021 | ₹ 18009 | ₹ 17012 | ₹ 2940612 |
| 186 | ₹ 2940612 | ₹ 35021 | ₹ 18112 | ₹ 16909 | ₹ 2922499 |
| 187 | ₹ 2922499 | ₹ 35021 | ₹ 18216 | ₹ 16804 | ₹ 2904283 |
| 188 | ₹ 2904283 | ₹ 35021 | ₹ 18321 | ₹ 16700 | ₹ 2885962 |
| 189 | ₹ 2885962 | ₹ 35021 | ₹ 18426 | ₹ 16594 | ₹ 2867536 |
| 190 | ₹ 2867536 | ₹ 35021 | ₹ 18532 | ₹ 16488 | ₹ 2849004 |
| 191 | ₹ 2849004 | ₹ 35021 | ₹ 18639 | ₹ 16382 | ₹ 2830365 |
| 192 | ₹ 2830365 | ₹ 35021 | ₹ 18746 | ₹ 16275 | ₹ 2811619 |
| 193 | ₹ 2811619 | ₹ 35021 | ₹ 18854 | ₹ 16167 | ₹ 2792765 |
| 194 | ₹ 2792765 | ₹ 35021 | ₹ 18962 | ₹ 16058 | ₹ 2773803 |
| 195 | ₹ 2773803 | ₹ 35021 | ₹ 19071 | ₹ 15949 | ₹ 2754731 |
| 196 | ₹ 2754731 | ₹ 35021 | ₹ 19181 | ₹ 15840 | ₹ 2735550 |
| 197 | ₹ 2735550 | ₹ 35021 | ₹ 19291 | ₹ 15729 | ₹ 2716259 |
| 198 | ₹ 2716259 | ₹ 35021 | ₹ 19402 | ₹ 15618 | ₹ 2696857 |
| 199 | ₹ 2696857 | ₹ 35021 | ₹ 19514 | ₹ 15507 | ₹ 2677343 |
| 200 | ₹ 2677343 | ₹ 35021 | ₹ 19626 | ₹ 15395 | ₹ 2657717 |
| 201 | ₹ 2657717 | ₹ 35021 | ₹ 19739 | ₹ 15282 | ₹ 2637979 |
| 202 | ₹ 2637979 | ₹ 35021 | ₹ 19852 | ₹ 15168 | ₹ 2618126 |
| 203 | ₹ 2618126 | ₹ 35021 | ₹ 19966 | ₹ 15054 | ₹ 2598160 |
| 204 | ₹ 2598160 | ₹ 35021 | ₹ 20081 | ₹ 14939 | ₹ 2578079 |
| 205 | ₹ 2578079 | ₹ 35021 | ₹ 20197 | ₹ 14824 | ₹ 2557882 |
| 206 | ₹ 2557882 | ₹ 35021 | ₹ 20313 | ₹ 14708 | ₹ 2537569 |
| 207 | ₹ 2537569 | ₹ 35021 | ₹ 20430 | ₹ 14591 | ₹ 2517140 |
| 208 | ₹ 2517140 | ₹ 35021 | ₹ 20547 | ₹ 14474 | ₹ 2496593 |
| 209 | ₹ 2496593 | ₹ 35021 | ₹ 20665 | ₹ 14355 | ₹ 2475927 |
| 210 | ₹ 2475927 | ₹ 35021 | ₹ 20784 | ₹ 14237 | ₹ 2455143 |
| 211 | ₹ 2455143 | ₹ 35021 | ₹ 20904 | ₹ 14117 | ₹ 2434240 |
| 212 | ₹ 2434240 | ₹ 35021 | ₹ 21024 | ₹ 13997 | ₹ 2413216 |
| 213 | ₹ 2413216 | ₹ 35021 | ₹ 21145 | ₹ 13876 | ₹ 2392071 |
| 214 | ₹ 2392071 | ₹ 35021 | ₹ 21266 | ₹ 13754 | ₹ 2370805 |
| 215 | ₹ 2370805 | ₹ 35021 | ₹ 21389 | ₹ 13632 | ₹ 2349417 |
| 216 | ₹ 2349417 | ₹ 35021 | ₹ 21511 | ₹ 13509 | ₹ 2327905 |
| 217 | ₹ 2327905 | ₹ 35021 | ₹ 21635 | ₹ 13385 | ₹ 2306270 |
| 218 | ₹ 2306270 | ₹ 35021 | ₹ 21760 | ₹ 13261 | ₹ 2284510 |
| 219 | ₹ 2284510 | ₹ 35021 | ₹ 21885 | ₹ 13136 | ₹ 2262626 |
| 220 | ₹ 2262626 | ₹ 35021 | ₹ 22011 | ₹ 13010 | ₹ 2240615 |
| 221 | ₹ 2240615 | ₹ 35021 | ₹ 22137 | ₹ 12884 | ₹ 2218478 |
| 222 | ₹ 2218478 | ₹ 35021 | ₹ 22264 | ₹ 12756 | ₹ 2196214 |
| 223 | ₹ 2196214 | ₹ 35021 | ₹ 22392 | ₹ 12628 | ₹ 2173821 |
| 224 | ₹ 2173821 | ₹ 35021 | ₹ 22521 | ₹ 12499 | ₹ 2151300 |
| 225 | ₹ 2151300 | ₹ 35021 | ₹ 22651 | ₹ 12370 | ₹ 2128649 |
| 226 | ₹ 2128649 | ₹ 35021 | ₹ 22781 | ₹ 12240 | ₹ 2105868 |
| 227 | ₹ 2105868 | ₹ 35021 | ₹ 22912 | ₹ 12109 | ₹ 2082956 |
| 228 | ₹ 2082956 | ₹ 35021 | ₹ 23044 | ₹ 11977 | ₹ 2059913 |
| 229 | ₹ 2059913 | ₹ 35021 | ₹ 23176 | ₹ 11844 | ₹ 2036737 |
| 230 | ₹ 2036737 | ₹ 35021 | ₹ 23309 | ₹ 11711 | ₹ 2013427 |
| 231 | ₹ 2013427 | ₹ 35021 | ₹ 23443 | ₹ 11577 | ₹ 1989984 |
| 232 | ₹ 1989984 | ₹ 35021 | ₹ 23578 | ₹ 11442 | ₹ 1966406 |
| 233 | ₹ 1966406 | ₹ 35021 | ₹ 23714 | ₹ 11307 | ₹ 1942692 |
| 234 | ₹ 1942692 | ₹ 35021 | ₹ 23850 | ₹ 11170 | ₹ 1918842 |
| 235 | ₹ 1918842 | ₹ 35021 | ₹ 23987 | ₹ 11033 | ₹ 1894854 |
| 236 | ₹ 1894854 | ₹ 35021 | ₹ 24125 | ₹ 10895 | ₹ 1870729 |
| 237 | ₹ 1870729 | ₹ 35021 | ₹ 24264 | ₹ 10757 | ₹ 1846465 |
| 238 | ₹ 1846465 | ₹ 35021 | ₹ 24403 | ₹ 10617 | ₹ 1822062 |
| 239 | ₹ 1822062 | ₹ 35021 | ₹ 24544 | ₹ 10477 | ₹ 1797518 |
| 240 | ₹ 1797518 | ₹ 35021 | ₹ 24685 | ₹ 10336 | ₹ 1772833 |
| 241 | ₹ 1772833 | ₹ 35021 | ₹ 24827 | ₹ 10194 | ₹ 1748006 |
| 242 | ₹ 1748006 | ₹ 35021 | ₹ 24970 | ₹ 10051 | ₹ 1723037 |
| 243 | ₹ 1723037 | ₹ 35021 | ₹ 25113 | ₹ 9907 | ₹ 1697923 |
| 244 | ₹ 1697923 | ₹ 35021 | ₹ 25258 | ₹ 9763 | ₹ 1672666 |
| 245 | ₹ 1672666 | ₹ 35021 | ₹ 25403 | ₹ 9618 | ₹ 1647263 |
| 246 | ₹ 1647263 | ₹ 35021 | ₹ 25549 | ₹ 9472 | ₹ 1621714 |
| 247 | ₹ 1621714 | ₹ 35021 | ₹ 25696 | ₹ 9325 | ₹ 1596018 |
| 248 | ₹ 1596018 | ₹ 35021 | ₹ 25844 | ₹ 9177 | ₹ 1570175 |
| 249 | ₹ 1570175 | ₹ 35021 | ₹ 25992 | ₹ 9029 | ₹ 1544183 |
| 250 | ₹ 1544183 | ₹ 35021 | ₹ 26142 | ₹ 8879 | ₹ 1518041 |
| 251 | ₹ 1518041 | ₹ 35021 | ₹ 26292 | ₹ 8729 | ₹ 1491749 |
| 252 | ₹ 1491749 | ₹ 35021 | ₹ 26443 | ₹ 8578 | ₹ 1465306 |
| 253 | ₹ 1465306 | ₹ 35021 | ₹ 26595 | ₹ 8426 | ₹ 1438711 |
| 254 | ₹ 1438711 | ₹ 35021 | ₹ 26748 | ₹ 8273 | ₹ 1411963 |
| 255 | ₹ 1411963 | ₹ 35021 | ₹ 26902 | ₹ 8119 | ₹ 1385061 |
| 256 | ₹ 1385061 | ₹ 35021 | ₹ 27057 | ₹ 7964 | ₹ 1358005 |
| 257 | ₹ 1358005 | ₹ 35021 | ₹ 27212 | ₹ 7809 | ₹ 1330792 |
| 258 | ₹ 1330792 | ₹ 35021 | ₹ 27369 | ₹ 7652 | ₹ 1303424 |
| 259 | ₹ 1303424 | ₹ 35021 | ₹ 27526 | ₹ 7495 | ₹ 1275898 |
| 260 | ₹ 1275898 | ₹ 35021 | ₹ 27684 | ₹ 7336 | ₹ 1248214 |
| 261 | ₹ 1248214 | ₹ 35021 | ₹ 27843 | ₹ 7177 | ₹ 1220370 |
| 262 | ₹ 1220370 | ₹ 35021 | ₹ 28004 | ₹ 7017 | ₹ 1192367 |
| 263 | ₹ 1192367 | ₹ 35021 | ₹ 28165 | ₹ 6856 | ₹ 1164202 |
| 264 | ₹ 1164202 | ₹ 35021 | ₹ 28326 | ₹ 6694 | ₹ 1135876 |
| 265 | ₹ 1135876 | ₹ 35021 | ₹ 28489 | ₹ 6531 | ₹ 1107386 |
| 266 | ₹ 1107386 | ₹ 35021 | ₹ 28653 | ₹ 6367 | ₹ 1078733 |
| 267 | ₹ 1078733 | ₹ 35021 | ₹ 28818 | ₹ 6203 | ₹ 1049915 |
| 268 | ₹ 1049915 | ₹ 35021 | ₹ 28984 | ₹ 6037 | ₹ 1020932 |
| 269 | ₹ 1020932 | ₹ 35021 | ₹ 29150 | ₹ 5870 | ₹ 991781 |
| 270 | ₹ 991781 | ₹ 35021 | ₹ 29318 | ₹ 5703 | ₹ 962464 |
| 271 | ₹ 962464 | ₹ 35021 | ₹ 29486 | ₹ 5534 | ₹ 932977 |
| 272 | ₹ 932977 | ₹ 35021 | ₹ 29656 | ₹ 5365 | ₹ 903321 |
| 273 | ₹ 903321 | ₹ 35021 | ₹ 29827 | ₹ 5194 | ₹ 873495 |
| 274 | ₹ 873495 | ₹ 35021 | ₹ 29998 | ₹ 5023 | ₹ 843497 |
| 275 | ₹ 843497 | ₹ 35021 | ₹ 30171 | ₹ 4850 | ₹ 813326 |
| 276 | ₹ 813326 | ₹ 35021 | ₹ 30344 | ₹ 4677 | ₹ 782982 |
| 277 | ₹ 782982 | ₹ 35021 | ₹ 30518 | ₹ 4502 | ₹ 752463 |
| 278 | ₹ 752463 | ₹ 35021 | ₹ 30694 | ₹ 4327 | ₹ 721770 |
| 279 | ₹ 721770 | ₹ 35021 | ₹ 30870 | ₹ 4150 | ₹ 690899 |
| 280 | ₹ 690899 | ₹ 35021 | ₹ 31048 | ₹ 3973 | ₹ 659851 |
| 281 | ₹ 659851 | ₹ 35021 | ₹ 31226 | ₹ 3794 | ₹ 628625 |
| 282 | ₹ 628625 | ₹ 35021 | ₹ 31406 | ₹ 3615 | ₹ 597219 |
| 283 | ₹ 597219 | ₹ 35021 | ₹ 31587 | ₹ 3434 | ₹ 565632 |
| 284 | ₹ 565632 | ₹ 35021 | ₹ 31768 | ₹ 3252 | ₹ 533864 |
| 285 | ₹ 533864 | ₹ 35021 | ₹ 31951 | ₹ 3070 | ₹ 501913 |
| 286 | ₹ 501913 | ₹ 35021 | ₹ 32135 | ₹ 2886 | ₹ 469778 |
| 287 | ₹ 469778 | ₹ 35021 | ₹ 32319 | ₹ 2701 | ₹ 437459 |
| 288 | ₹ 437459 | ₹ 35021 | ₹ 32505 | ₹ 2515 | ₹ 404953 |
| 289 | ₹ 404953 | ₹ 35021 | ₹ 32692 | ₹ 2328 | ₹ 372261 |
| 290 | ₹ 372261 | ₹ 35021 | ₹ 32880 | ₹ 2141 | ₹ 339381 |
| 291 | ₹ 339381 | ₹ 35021 | ₹ 33069 | ₹ 1951 | ₹ 306312 |
| 292 | ₹ 306312 | ₹ 35021 | ₹ 33259 | ₹ 1761 | ₹ 273053 |
| 293 | ₹ 273053 | ₹ 35021 | ₹ 33451 | ₹ 1570 | ₹ 239602 |
| 294 | ₹ 239602 | ₹ 35021 | ₹ 33643 | ₹ 1378 | ₹ 205959 |
| 295 | ₹ 205959 | ₹ 35021 | ₹ 33836 | ₹ 1184 | ₹ 172123 |
| 296 | ₹ 172123 | ₹ 35021 | ₹ 34031 | ₹ 990 | ₹ 138092 |
| 297 | ₹ 138092 | ₹ 35021 | ₹ 34227 | ₹ 794 | ₹ 103865 |
| 298 | ₹ 103865 | ₹ 35021 | ₹ 34423 | ₹ 597 | ₹ 69442 |
| 299 | ₹ 69442 | ₹ 35021 | ₹ 34621 | ₹ 399 | ₹ 34820 |
| 300 | ₹ 34820 | ₹ 35021 | ₹ 34820 | ₹ 200 | ₹ 0 |
So in the above example if the borrower does not make any pre payments and sticks to the loan schedule than he will end up paying Rs 55,06,191 in interest and totally along with principal he will be paying Rs 1,05,06,191. While taking a home loan the lender will provide a detailed scheduled as shown above along with your EMI dates.
The above amortization schedule is based on Monthly Reducing Balance method which means the interest outgo for each month is calculated on the outstanding loan amount on a monthly basis.
Looking for a Home Loan? You can also use our free Home Loan EMI Calculator Online in India.
Contact us for free guidance on what is best for you.
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