Home Loan EMI Calculator

Buying a home in India almost always means a long-term loan, and the EMI is the single number that decides whether the deal is comfortable or stretches you thin. The AlarmDaddy Home Loan EMI Calculator answers three questions at once: what will my monthly EMI be, how much total interest will I pay across the tenure, and how does each yearly instalment split between interest and principal?

Enter the principal you plan to borrow, the annual interest rate the bank quoted, and the tenure in years. The calculator computes the equated monthly instalment using the standard reducing-balance EMI formula, then shows you the year-by-year amortization so you can see exactly when the loan starts being mostly principal rather than mostly interest. Most borrowers are surprised to learn that for a 20-year loan at 8.5%, the first six or seven years are interest-heavy. Use that insight to plan part-prepayments early — even one extra EMI a year shaves significant interest off the total.

The numbers in this calculator are exactly what HDFC, SBI, ICICI, Axis, Bank of Baroda, Kotak and every other Indian lender use internally. There is no platform-specific markup or hidden processing fee here — for those, look at the loan eligibility and prepayment calculators linked below.