Home Loan EMI Calculator

Compare Indian bank home loan rates · FY 2024-25

Calculate your exact monthly EMI for home loans, car loans, and personal loans in India using the standard reducing-balance formula used by all Indian banks and NBFCs. Enter your loan amount, annual interest rate, and tenure to get instant results.

₹
% p.a.
years
Monthly EMI
—
Principal
—
Total Interest
—
Total Payment
—
Interest % of Total
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Reference rates (May 2025): SBI: 8.50–9.85% · HDFC: 8.75–9.65% · ICICI: 8.75–9.80% · PNB: 8.45–10.25% · Axis: 8.75–9.65%

Frequently Asked Questions

In the flat rate method, interest is charged on the original principal throughout the tenure. In the reducing balance (used by all Indian banks), interest is charged only on the outstanding principal — so EMI stays fixed but the interest portion decreases each month as you repay principal. Reducing balance EMIs are more borrower-friendly.

Yes. All NBFCs and housing finance companies in India use the same reducing balance EMI formula as banks. Simply enter the interest rate quoted in your loan agreement.