How Home Loan EMI is calculated?

Home Loan EMI Calculator Online India

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:

 

See below the entire calculation for 300 months also known as Amortization Schedule:

MonthBeginning
Loan Balance
EMIPrincipalMonthly
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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