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Home Loan EMI Calculator

Dream it. Plan it. Own it.

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Can I really afford my dream home? Let’s find out together - calculate your Home Loan EMI and see how to fit your dream home in your budget today.

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EMI Calculation

Principal AmountTenureRate of InterestEMI₹ 10 lakhs10 years11%*₹ 13,775₹ 25 lakhs10 years11%*₹ 34,438₹ 50 lakhs20 years11%*₹ 51,609₹ 50 lakhs25 years11%*₹ 49,006₹ 75 lakhs25 years11%*₹ 73,508

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Your Home Loan EMI, Explained Simply

The dream of owning a home is truly exciting…. But the loan calculation and planning can feel a bit challenging at first, right?
Interest rates, EMIs, and down payments can feel confusing or overwhelming at first. That’s where Piramal Finance steps in with a simple, clear, transparent process and a user-friendly tool that explains everything in easy-to-understand terms.

Our EMI Calculator for Home helps you see the full picture before you even take the first step. Just a few clicks on our Home Loan Monthly EMI Calculator and you will know exactly how much you will pay each month. Let’s start with your home journey with ease and confidence.

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What Is an EMI Calculator and Why It Matters?

House Loan EMI Calculator is your personal planning tool that helps you calculate EMI for home loan in seconds. Just enter a few details such as loan amount, interest rate, and tenure and you can easily see your monthly payment.

Here, EMI stands for Equated Monthly Instalment; the fixed amount you pay your loan provider every month for your home loan. Each month, you pay a part of your loan and a part of the interest.

If you want to make your monthly payments easier on your pocket, you can choose a longer repayment period up to 30 years with Piramal Finance.
We have made Calculating home loans made easy for you. Try now!

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Why Calculate Home Loan EMI Before Buying a Home?

Because smart planning = stress-free living. Try to calculate EMI for Home Loans before buying a house. It prepares you for the numbers and gives peace of mind. It helps you understand the full picture before making a big decision.

Here is what you gain when you plan early.

Avoid overborrowing.
Choose the right loan tenure.
Stay in control of your finances.

Calculating home loan EMI is your first step to responsible home ownership.

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How to Use Piramal Finance’s Home Loan EMI Calculator (Step-by-Step Guide)

Our Home Loan Monthly EMI Calculator is your financial GPS. You tell it where you want to go (your dream home), and it will map out the best possible route.

How to calculate EMI on Home Loan Calculator Piramal Finance:

Enter the loan amount (the money you want to borrow).
Add the interest rate (we show the latest home loan interest rates, so you don’t have to guess).
Choose the repayment period. Shorter tenure means faster payoff; longer tenure means smaller monthly payments. A short repayment period means bigger EMIs but faster closure, whereas a longer period means smaller monthly payments but more total interest.
Now, click calculate, and you will get a clear picture with monthly EMI, total interest, and a downloadable repayment schedule you can save or share.

Want to explore options or adjust your plan? No problem. Change one thing at a time. Slide the bars to see how changing the amount or tenure impacts your EMIs. Test your ‘what if’ ideas to make an informed decision.

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EMI Calculation (Principal Vs Interest Chart)

Row 1
- Principal Amount
- Tenure
- Rate of Interest
- EMI
Row 2
- ₹ 10 lakhs
- 10 years
- 9.49%*
- ₹ 12,934
Row 3
- ₹ 25 lakhs
- 10 years
- 9.49%*
- ₹ 32,336
Row 3
- ₹ 50 lakhs
- 20 years
- 9.49%*
- ₹ 46,574
Row 4
- ₹ 60 lakhs
- 25 years
- 9.49%*
- ₹ 52,380
Row 5
- ₹ 75 lakhs
- 25 years
- 9.49%*
- ₹ 65,475

Calculating the home loan EMI manually can be extremely tedious. Moreover, you are likely to make mistakes while calculating it manually. That is why the Piramal Finance home loan calculator will calculate the accurate housing loan EMI.

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Home Loan Repayment Breakdown

A home loan repayment breakdown (amortization) schedule is a simple chart that shows how your loan gets repaid, month after month. It breaks down every EMI you pay, explaining how much goes toward the loan amount and how much goes toward interest. In the beginning, most of your payment covers the interest. Over time, the balance shifts and more of your money starts reducing the principal amount of your home loan. When you see this breakdown, you understand exactly where your money is going. It helps you plan better, stay motivated, and feel in control of your finances.

Here is sample, Loan Repayment (Amortization) schedule.
Your EMI for a ₹50 lakh home loan at 9.49% for a 20-year tenure comes to ₹46,573.91 per month. You can view the complete amortization schedule below.

Row 1
- Month
- EMI (Rs.)
- Principal (Rs.)
- Interest (Rs.)
- Balance (Rs.)
Row 2
- 1
- 46,573.91
- 7,032
- 39,542
- 49,92,968
Row 3
- 2
- 46,573.91
- 7,088
- 39,486
- 49,85,880
Row 4
- 3
- 46,573.91
- 7,144
- 39,430
- 49,78,736
Row 5
- 4
- 46,573.91
- 7,200
- 39,374
- 49,71,536
Row 6
- 5
- 46,573.91
- 7,257
- 39,317
- 49,64,278
Row 7
- 6
- 46,573.91
- 7,315
- 39,259
- 49,56,963
Row 8
- 7
- 46,573.91
- 7,373
- 39,201
- 49,49,591
Row 9
- 8
- 46,573.91
- 7,431
- 39,143
- 49,42,160
Row 10
- 9
- 46,573.91
- 7,490
- 39,084
- 49,34,670
Row 11
- 10
- 46,573.91
- 7,549
- 39,025
- 49,27,121
Row 12
- 11
- 46,573.91
- 7,609
- 38,965
- 49,19,513
Row 13
- 12
- 46,573.91
- 7,669
- 38,905
- 49,11,844
Row 14
- 13
- 46,573.91
- 7,729
- 38,845
- 49,04,115
Row 15
- 14
- 46,573.91
- 7,791
- 38,783
- 48,96,324
Row 16
- 15
- 46,573.91
- 7,852
- 38,722
- 48,88,472
Row 17
- 16
- 46,573.91
- 7,914
- 38,660
- 48,80,558
Row 18
- 17
- 46,573.91
- 7,977
- 38,597
- 48,72,581
Row 19
- 18
- 46,573.91
- 8,040
- 38,534
- 48,64,541
Row 20
- 19
- 46,573.91
- 8,104
- 38,470
- 48,56,437
Row 21
- 20
- 46,573.91
- 8,168
- 38,406
- 48,48,270
Row 22
- 21
- 46,573.91
- 8,232
- 38,342
- 48,40,038
Row 23
- 22
- 46,573.91
- 8,297
- 38,277
- 48,31,740
Row 24
- 23
- 46,573.91
- 8,363
- 38,211
- 48,23,378
Row 25
- 24
- 46,573.91
- 8,429
- 38,145
- 48,14,948
Row 26
- 25
- 46,573.91
- 8,496
- 38,078
- 48,06,453
Row 27
- 26
- 46,573.91
- 8,563
- 38,011
- 47,97,890
Row 28
- 27
- 46,573.91
- 8,631
- 37,943
- 47,89,259
Row 29
- 28
- 46,573.91
- 8,699
- 37,875
- 47,80,560
Row 30
- 29
- 46,573.91
- 8,768
- 37,806
- 47,71,793
Row 31
- 30
- 46,573.91
- 8,837
- 37,737
- 47,62,956
Row 32
- 31
- 46,573.91
- 8,907
- 37,667
- 47,54,049
Row 33
- 32
- 46,573.91
- 8,977
- 37,597
- 47,45,072
Row 34
- 33
- 46,573.91
- 9,048
- 37,526
- 47,36,023
Row 35
- 34
- 46,573.91
- 9,120
- 37,454
- 47,26,903
Row 36
- 35
- 46,573.91
- 9,192
- 37,382
- 47,17,711
Row 37
- 36
- 46,573.91
- 9,265
- 37,309
- 47,08,447
Row 38
- 37
- 46,573.91
- 9,338
- 37,236
- 46,99,109
Row 39
- 38
- 46,573.91
- 9,412
- 37,162
- 46,89,697
Row 40
- 39
- 46,573.91
- 9,486
- 37,088
- 46,80,211
Row 41
- 40
- 46,573.91
- 9,561
- 37,013
- 46,70,650
Row 42
- 41
- 46,573.91
- 9,637
- 36,937
- 46,61,013
Row 43
- 42
- 46,573.91
- 9,713
- 36,861
- 46,51,300
Row 44
- 43
- 46,573.91
- 9,790
- 36,784
- 46,41,510
Row 45
- 44
- 46,573.91
- 9,867
- 36,707
- 46,31,642
Row 46
- 45
- 46,573.91
- 9,945
- 36,629
- 46,21,697
Row 47
- 46
- 46,573.91
- 10,024
- 36,550
- 46,11,673
Row 48
- 47
- 46,573.91
- 10,103
- 36,471
- 46,01,570
Row 49
- 48
- 46,573.91
- 10,183
- 36,391
- 45,91,387
Row 50
- 49
- 46,573.91
- 10,264
- 36,310
- 45,81,123
Row 51
- 50
- 46,573.91
- 10,345
- 36,229
- 45,70,778
Row 52
- 51
- 46,573.91
- 10,427
- 36,147
- 45,60,351
Row 53
- 52
- 46,573.91
- 10,509
- 36,065
- 45,49,842
Row 54
- 53
- 46,573.91
- 10,592
- 35,982
- 45,39,250
Row 55
- 54
- 46,573.91
- 10,676
- 35,898
- 45,28,574
Row 56
- 55
- 46,573.91
- 10,760
- 35,813
- 45,17,814
Row 57
- 56
- 46,573.91
- 10,846
- 35,728
- 45,06,968
Row 58
- 57
- 46,573.91
- 10,931
- 35,643
- 44,96,037
Row 59
- 58
- 46,573.91
- 11,018
- 35,556
- 44,85,019
Row 60
- 59
- 46,573.91
- 11,105
- 35,469
- 44,73,914
Row 61
- 60
- 46,573.91
- 11,193
- 35,381
- 44,62,721
Row 62
- 61
- 46,573.91
- 11,281
- 35,293
- 44,51,440
Row 63
- 62
- 46,573.91
- 11,370
- 35,203
- 44,40,070
Row 64
- 63
- 46,573.91
- 11,460
- 35,114
- 44,28,609
Row 65
- 64
- 46,573.91
- 11,551
- 35,023
- 44,17,058
Row 66
- 65
- 46,573.91
- 11,642
- 34,932
- 44,05,416
Row 67
- 66
- 46,573.91
- 11,734
- 34,840
- 43,93,682
Row 68
- 67
- 46,573.91
- 11,827
- 34,747
- 43,81,854
Row 69
- 68
- 46,573.91
- 11,921
- 34,653
- 43,69,934
Row 70
- 69
- 46,573.91
- 12,015
- 34,559
- 43,57,919
Row 71
- 70
- 46,573.91
- 12,110
- 34,464
- 43,45,809
Row 72
- 71
- 46,573.91
- 12,206
- 34,368
- 43,33,603
Row 73
- 72
- 46,573.91
- 12,302
- 34,272
- 43,21,300
Row 74
- 73
- 46,573.91
- 12,400
- 34,174
- 43,08,901
Row 75
- 74
- 46,573.91
- 12,498
- 34,076
- 42,96,403
Row 76
- 75
- 46,573.91
- 12,597
- 33,977
- 42,83,807
Row 77
- 76
- 46,573.91
- 12,696
- 33,878
- 42,71,110
Row 78
- 77
- 46,573.91
- 12,797
- 33,777
- 42,58,314
Row 79
- 78
- 46,573.91
- 12,898
- 33,676
- 42,45,416
Row 80
- 79
- 46,573.91
- 13,000
- 33,574
- 42,32,416
Row 81
- 80
- 46,573.91
- 13,103
- 33,471
- 42,19,314
Row 82
- 81
- 46,573.91
- 13,206
- 33,368
- 42,06,108
Row 83
- 82
- 46,573.91
- 13,311
- 33,263
- 41,92,797
Row 84
- 83
- 46,573.91
- 13,416
- 33,158
- 41,79,381
Row 85
- 84
- 46,573.91
- 13,522
- 33,052
- 41,65,859
Row 86
- 85
- 46,573.91
- 13,629
- 32,945
- 41,52,230
Row 87
- 86
- 46,573.91
- 13,737
- 32,837
- 41,38,494
Row 88
- 87
- 46,573.91
- 13,845
- 32,729
- 41,24,648
Row 89
- 88
- 46,573.91
- 13,955
- 32,619
- 41,10,693
Row 90
- 89
- 46,573.91
- 14,065
- 32,509
- 40,96,628
Row 91
- 90
- 46,573.91
- 14,176
- 32,398
- 40,82,452
Row 92
- 91
- 46,573.91
- 14,289
- 32,285
- 40,68,163
Row 93
- 92
- 46,573.91
- 14,402
- 32,172
- 40,53,762
Row 94
- 93
- 46,573.91
- 14,515
- 32,059
- 40,39,246
Row 95
- 94
- 46,573.91
- 14,630
- 31,944
- 40,24,616
Row 96
- 95
- 46,573.91
- 14,746
- 31,828
- 40,09,870
Row 97
- 96
- 46,573.91
- 14,863
- 31,711
- 39,95,008
Row 98
- 97
- 46,573.91
- 14,980
- 31,594
- 39,80,028
Row 99
- 98
- 46,573.91
- 15,099
- 31,475
- 39,64,929
Row 100
- 99
- 46,573.91
- 15,218
- 31,356
- 39,49,711
Row 101
- 100
- 46,573.91
- 15,338
- 31,236
- 39,34,373
Row 102
- 101
- 46,573.91
- 15,460
- 31,114
- 39,18,913
Row 103
- 102
- 46,573.91
- 15,582
- 30,992
- 39,03,331
Row 104
- 103
- 46,573.91
- 15,705
- 30,869
- 38,87,626
Row 105
- 104
- 46,573.91
- 15,829
- 30,745
- 38,71,797
Row 106
- 105
- 46,573.91
- 15,955
- 30,618
- 38,55,842
Row 107
- 106
- 46,573.91
- 16,080
- 30,493
- 38,39,762
Row 108
- 107
- 46,573.91
- 16,207
- 30,366
- 38,23,555
Row 109
- 108
- 46,573.91
- 16,336
- 30,237
- 38,07,219
Row 110
- 109
- 46,573.91
- 16,465
- 30,108
- 37,90,754
Row 111
- 110
- 46,573.91
- 16,595
- 29,978
- 37,74,159
Row 112
- 111
- 46,573.91
- 16,726
- 29,847
- 37,57,433
Row 113
- 112
- 46,573.91
- 16,859
- 29,714
- 37,40,574
Row 114
- 113
- 46,573.91
- 16,992
- 29,581
- 37,23,582
Row 115
- 114
- 46,573.91
- 17,127
- 29,446
- 37,06,455
Row 116
- 115
- 46,573.91
- 17,263
- 29,310
- 36,89,192
Row 117
- 116
- 46,573.91
- 17,400
- 29,173
- 36,71,792
Row 118
- 117
- 46,573.91
- 17,538
- 29,035
- 36,54,254
Row 119
- 118
- 46,573.91
- 17,677
- 28,896
- 36,36,577
Row 120
- 119
- 46,573.91
- 17,818
- 28,755
- 36,18,759
Row 121
- 120
- 46,573.91
- 17,959
- 28,614
- 36,00,800
Row 122
- 121
- 46,573.91
- 18,102
- 28,471
- 35,82,698
Row 123
- 122
- 46,573.91
- 18,246
- 28,327
- 35,64,452
Row 124
- 123
- 46,573.91
- 18,391
- 28,182
- 35,46,061
Row 125
- 124
- 46,573.91
- 18,537
- 28,036
- 35,27,524
Row 126
- 125
- 46,573.91
- 18,685
- 27,888
- 35,08,839
Row 127
- 126
- 46,573.91
- 18,834
- 27,739
- 34,89,005
Row 128
- 127
- 46,573.91
- 18,984
- 27,589
- 34,69,021
Row 129
- 128
- 46,573.91
- 19,135
- 27,438
- 34,48,886
Row 130
- 129
- 46,573.91
- 19,288
- 27,285
- 34,28,598
Row 131
- 130
- 46,573.91
- 19,441
- 27,132
- 34,08,157
Row 132
- 131
- 46,573.91
- 19,596
- 26,977
- 33,87,561
Row 133
- 132
- 46,573.91
- 19,753
- 26,820
- 33,66,808
Row 134
- 133
- 46,573.91
- 19,910
- 26,663
- 33,45,898
Row 135
- 134
- 46,573.91
- 20,069
- 26,504
- 33,24,829
Row 136
- 135
- 46,573.91
- 20,229
- 26,344
- 33,03,600
Row 137
- 136
- 46,573.91
- 20,391
- 26,182
- 32,82,209
Row 138
- 137
- 46,573.91
- 20,553
- 26,020
- 32,60,656
Row 139
- 138
- 46,573.91
- 20,718
- 25,855
- 32,38,938
Row 140
- 139
- 46,573.91
- 20,883
- 25,690
- 32,17,055
Row 141
- 140
- 46,573.91
- 21,049
- 25,524
- 31,95,006
Row 142
- 141
- 46,573.91
- 21,217
- 25,356
- 31,72,789
Row 143
- 142
- 46,573.91
- 21,387
- 25,186
- 31,50,402
Row 144
- 143
- 46,573.91
- 21,557
- 25,016
- 31,27,845
Row 145
- 144
- 46,573.91
- 21,729
- 24,844
- 31,05,116
Row 146
- 145
- 46,573.91
- 21,903
- 24,670
- 30,82,213
Row 147
- 146
- 46,573.91
- 22,077
- 24,496
- 30,59,136
Row 148
- 147
- 46,573.91
- 22,253
- 24,320
- 30,35,883
Row 149
- 148
- 46,573.91
- 22,430
- 24,143
- 30,12,453
Row 150
- 149
- 46,573.91
- 22,609
- 23,964
- 29,88,844
Row 151
- 150
- 46,573.91
- 22,789
- 23,784
- 29,65,055
Row 152
- 151
- 46,573.91
- 22,970
- 23,603
- 29,41,085
Row 153
- 152
- 46,573.91
- 23,153
- 23,420
- 29,16,932
Row 154
- 153
- 46,573.91
- 23,336
- 23,237
- 28,92,596
Row 155
- 154
- 46,573.91
- 23,521
- 23,052
- 28,68,075
Row 156
- 155
- 46,573.91
- 23,707
- 22,866
- 28,43,368
Row 157
- 156
- 46,573.91
- 23,895
- 22,678
- 28,18,473
Row 158
- 157
- 46,573.91
- 24,084
- 22,489
- 27,93,389
Row 159
- 158
- 46,573.91
- 24,274
- 22,299
- 27,68,115
Row 160
- 159
- 46,573.91
- 24,466
- 22,107
- 27,42,649
Row 161
- 160
- 46,573.91
- 24,658
- 21,915
- 27,16,991
Row 162
- 161
- 46,573.91
- 24,852
- 21,721
- 26,91,139
Row 163
- 162
- 46,573.91
- 25,048
- 21,525
- 26,65,091
Row 164
- 163
- 46,573.91
- 25,245
- 21,328
- 26,38,846
Row 165
- 164
- 46,573.91
- 25,443
- 21,130
- 26,12,403
Row 166
- 165
- 46,573.91
- 25,643
- 20,930
- 25,85,760
Row 167
- 166
- 46,573.91
- 25,844
- 20,729
- 25,58,916
Row 168
- 167
- 46,573.91
- 26,046
- 20,527
- 25,31,870
Row 169
- 168
- 46,573.91
- 26,250
- 20,323
- 25,04,620
Row 170
- 169
- 46,573.91
- 26,455
- 20,118
- 24,77,165
Row 171
- 170
- 46,573.91
- 26,662
- 19,911
- 24,49,503
Row 172
- 171
- 46,573.91
- 26,870
- 19,703
- 24,21,633
Row 173
- 172
- 46,573.91
- 27,079
- 19,494
- 23,93,554
Row 174
- 173
- 46,573.91
- 27,290
- 19,283
- 23,65,264
Row 175
- 174
- 46,573.91
- 27,502
- 19,071
- 23,36,762
Row 176
- 175
- 46,573.91
- 27,716
- 18,857
- 23,08,046
Row 177
- 176
- 46,573.91
- 27,931
- 18,642
- 22,79,115
Row 178
- 177
- 46,573.91
- 28,147
- 18,426
- 22,49,968
Row 179
- 178
- 46,573.91
- 28,365
- 18,208
- 22,20,603
Row 180
- 179
- 46,573.91
- 28,585
- 17,988
- 21,91,018
Row 181
- 180
- 46,573.91
- 28,806
- 17,767
- 21,61,212
Row 182
- 181
- 46,573.91
- 29,028
- 17,545
- 21,31,184
Row 183
- 182
- 46,573.91
- 29,252
- 17,321
- 21,00,932
Row 184
- 183
- 46,573.91
- 29,478
- 17,095
- 20,70,454
Row 185
- 184
- 46,573.91
- 29,705
- 16,868
- 20,39,749
Row 186
- 185
- 46,573.91
- 29,933
- 16,640
- 20,08,816
Row 187
- 186
- 46,573.91
- 30,164
- 16,409
- 19,77,652
Row 188
- 187
- 46,573.91
- 30,395
- 16,178
- 19,46,257
Row 189
- 188
- 46,573.91
- 30,629
- 15,944
- 19,14,628
Row 190
- 189
- 46,573.91
- 30,864
- 15,709
- 18,82,764
Row 191
- 190
- 46,573.91
- 31,101
- 15,472
- 18,50,663
Row 192
- 191
- 46,573.91
- 31,339
- 15,234
- 18,18,324
Row 193
- 192
- 46,573.91
- 31,579
- 14,994
- 17,85,745
Row 194
- 193
- 46,573.91
- 31,821
- 14,752
- 17,52,924
Row 195
- 194
- 46,573.91
- 32,065
- 14,508
- 17,19,859
Row 196
- 195
- 46,573.91
- 32,310
- 14,263
- 16,86,549
Row 197
- 196
- 46,573.91
- 32,557
- 14,016
- 16,52,992
Row 198
- 197
- 46,573.91
- 32,806
- 13,767
- 16,19,186
Row 199
- 198
- 46,573.91
- 33,057
- 13,516
- 15,85,130
Row 200
- 199
- 46,573.91
- 33,309
- 13,264
- 15,50,821
Row 201
- 200
- 46,573.91
- 33,563
- 13,010
- 15,16,258
Row 202
- 201
- 46,573.91
- 33,819
- 12,754
- 14,81,439
Row 203
- 202
- 46,573.91
- 34,076
- 12,497
- 14,46,363
Row 204
- 203
- 46,573.91
- 34,335
- 12,238
- 14,11,028
Row 205
- 204
- 46,573.91
- 34,596
- 11,977
- 13,75,432
Row 206
- 205
- 46,573.91
- 34,859
- 11,714
- 13,39,573
Row 207
- 206
- 46,573.91
- 35,123
- 11,450
- 13,03,450
Row 208
- 207
- 46,573.91
- 35,390
- 11,183
- 12,67,060
Row 209
- 208
- 46,573.91
- 35,658
- 10,915
- 12,30,402
Row 210
- 209
- 46,573.91
- 35,928
- 10,645
- 11,93,474
Row 211
- 210
- 46,573.91
- 36,200
- 10,373
- 11,56,274
Row 212
- 211
- 46,573.91
- 36,474
- 10,099
- 11,18,800
Row 213
- 212
- 46,573.91
- 36,750
- 9,823
- 10,81,050
Row 214
- 213
- 46,573.91
- 37,027
- 9,546
- 10,43,023
Row 215
- 214
- 46,573.91
- 37,307
- 9,266
- 10,04,716
Row 216
- 215
- 46,573.91
- 37,588
- 8,986
- 9,66,128
Row 217
- 216
- 46,573.91
- 37,871
- 8,703
- 9,27,257
Row 218
- 217
- 46,573.91
- 38,156
- 8,417
- 8,88,101
Row 219
- 218
- 46,573.91
- 38,443
- 8,130
- 8,48,658
Row 220
- 219
- 46,573.91
- 38,732
- 7,841
- 8,08,926
Row 221
- 220
- 46,573.91
- 39,023
- 7,550
- 7,68,903
Row 222
- 221
- 46,573.91
- 39,316
- 7,257
- 7,28,587
Row 223
- 222
- 46,573.91
- 39,611
- 6,962
- 6,87,976
Row 224
- 223
- 46,573.91
- 39,907
- 6,666
- 6,47,069
Row 225
- 224
- 46,573.91
- 40,206
- 6,367
- 6,05,863
Row 226
- 225
- 46,573.91
- 40,506
- 6,067
- 5,64,357
Row 227
- 226
- 46,573.91
- 40,808
- 5,765
- 5,22,549
Row 228
- 227
- 46,573.91
- 41,113
- 5,461
- 4,80,436
Row 229
- 228
- 46,573.91
- 41,419
- 5,155
- 4,38,017
Row 230
- 229
- 46,573.91
- 41,727
- 4,847
- 3,95,290
Row 231
- 230
- 46,573.91
- 42,038
- 4,536
- 3,52,252
Row 232
- 231
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- 42,350
- 4,223
- 3,08,902
Row 233
- 232
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- 42,664
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Row 234
- 233
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- 42,981
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- 2,21,257
Row 235
- 234
- 46,573.91
- 43,299
- 3,274
- 1,76,958
Row 236
- 235
- 46,573.91
- 43,620
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Row 237
- 236
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- 43,943
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Row 238
- 237
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Row 239
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Row 240
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- 0

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Home Loan EMI Formula

If you are curious about the math behind it, here is how Home Loan EMI is calculated:
EMI = [P × R × (1+R)ⁿ] / [(1+R)ⁿ – 1]

Where:
• P = Loan Amount
• R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
• N = Loan Tenure (in months)
But don’t worry, our Home Loan Monthly EMI Calculator does the hard part for you in milliseconds.
Your data is 100% secure and never shared and our Home Loan EMI calculator uses up-to-date interest rates.

Example

For instance, you are planning to apply for a 50-lakh home loan at an interest rate of 9.49% per annum. Consider the tenure of your loan as 240 months (20 years). In that case, you will calculate the EMI amount using this formula:

Rate - 9.49% = (9.49/100/12) = 0.0079083

EMI=₹50,00,000×0.0079083×(1+0.0079083)240/[(1+0.0079083)240−1] EMI=₹46,574

Similarly, you can calculate home loan EMI for different principal and tenures.

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Factors That Affect Your EMI

Simple Things That Make a Big Difference to Your House Loan EMI

Your monthly EMI changes based on a few simple choices:

Loan amount: Bigger loan = Bigger EMI.
Interest rate: Even a small rate drop can make a big difference.
Tenure: Longer tenure means smaller EMIs but more total interest cost.
Credit score: The higher the credit score, means lower the interest rate, saving your money.
Down payment: Pay more now, save later with lower EMIs.

Try different combinations of loan amount, interest, or tenure in the Home Loan EMI Calculator Piramal Finance and see how small changes make a big difference in real time.

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How to Reduce Your Home Loan EMI

Bigger dreams do not necessarily mean bigger stress. Here is how to make your home loan EMIs lighter: Use the Piramal Finance Home Loan EMI Calculator to see what fits your monthly budget before applying for a home loan.

Make a higher down paymentBorrow less, pay less.
Choose a longer tenureIt brings a smaller monthly EMI expense.
Improve your credit scoreA good credit score can help you get lower interest rates. Pay bills on time and avoid overusing your credit cards to keep your credit score healthy.
Refinance or transfer your loanSwitch to better rates anytime.
Make partial prepaymentsUse bonuses, gifts, or extra income to bring your loan balance down faster.
Keep an eye on home loan interest ratesA small drop can make a big difference over the years.

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Why Choose Piramal Finance for Your Home Loan

Behind every home loan, there’s a story - a family growing, a first home being built, a dream finally taking shape. At Piramal Finance, we are here for those moments with

Budgeting

EMI calculation allows you to determine the amount you will need to pay each month towards your home loan. This helps you create a budget for your monthly expenses. It allows you to easily handle your loan repayment and other financial obligations.

Loan Amount

Calculate home loan EMI to find out the highest loan you can afford, considering your income and financial stability. This stops you from borrowing too much and struggling to pay it back, lowering the chance of missing payments.

Interest Assessment

EMI calculation helps you understand the impact of interest on your home loan. It shows how much of each payment goes to the loan amount and how much goes to the interest. Over the years, a larger portion of the EMI goes towards principal repayment, reducing the outstanding loan balance and the overall interest paid..

Loan Tenure

EMI calculation allows you to experiment with different loan tenures. Longer tenures result in lower monthly payments and higher overall interest paid. On the other hand, shorter tenures lead to higher monthly payments, but less overall interest paid. This calculation helps you strike a balance between a manageable monthly payment and minimizing the interest paid.

Prepayment Planning

If you plan to make prepayments towards your home loan in the future, home loan EMI calculations can help you understand how these prepayments will affect the loan's tenure and interest payments. You can even choose to keep your EMI constant and reduce the loan tenure by making additional payments.

Long-Term Financial Planning

Understanding your EMI commitments over the loan tenure helps you incorporate these payments into your long-term financial planning. This is especially important when considering other financial goals like retirement planning, investments, and education expenses.

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Home Loan Eligibility, Loan Process & Documents Required

At Piramal Finance, we keep things simple, transparent, and quick - so you can focus on what truly matters: Your Dream Home.

Eligibility:

You’re eligible for our Home Loan Plans if you:

Are an Indian resident (salaried or self-employed)
Are between 21 and 65 years of age
Have a steady income and a decent credit score
Can show stable financial history (bank statements, ITRs, etc.)

Documents for a Home Loan:

ID Proof: Aadhaar, PAN, Passport
Address Proof: Utility bill, voter ID, or rent agreement.
Income Proof: Salary slips, bank statements, or ITRs
Property Documents: Sale deed, builder agreement, or ownership papers

Process:

No confusion. No long queues.

A simple, transparent, and guided process that will take you closer to your new home.

Apply online or talk to an expert.
Upload documents. It’s easy and secure.
Get an instant eligibility check and home loan EMI plan.
Quick approval, faster disbursal.

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Tax Benefits You Can Claim on a Home Loan

Good news! Home loans also help you save tax:

Section 80C: Deduction up to ₹1.5 lakh on principal repayment
Section 24(b): Up to ₹2 lakh deduction on interest paid.
Joint Loans: Both applicants can claim benefits separately.
Under-construction properties: You can even claim interest paid before possession, spread over five years.

These benefits reduce your overall tax burden, and you can free up money for other goals. Smart Planning = Savings + Security + Stability

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Home Loans Tailored for You

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Construction Loan

With a construction loan from Piramal finance, the perfect home for you is easily within reach...

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Key Features

Construction Loan

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Loan tenure up to

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Interest rates starting at

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Renovation Loan

With a Home Renovation Loan, you can keep your hard-earned savings and investments untouched and pay off...

renovation

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/home-loan/home-renovation-loans

Key Features

Loan amount

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Loan funded up to

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Interest rates starting at

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Extension Loan

You may simply enlarge your own home in utmost comfort with a home extension loan from Piramal finance...

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/home-loan/home-extension-loans

Key Features

Loan amount

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Loan tenure up to

{eltenure}

Interest rates starting at

{elintrestrate}

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Get Home Loan for Different Budgets

Know your EMI for various home loan amounts.

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Home Loan For:

50 Lakh

/home-loan/40-lakh-home-loan-emi

Home Loan For:

40 Lakh

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Home Loan For:

35 Lakh

/home-loan/30-lakh-home-loan-emi

Home Loan For:

30 Lakh

/home-loan/25-lakh-home-loan-emi

Home Loan For:

25 Lakh

/home-loan/20-lakh-home-loan-emi

Home Loan For:

20 Lakh

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Frequently asked questions

How is my EMI calculated?

Your EMI depends on three things: the amount you borrow, the interest rate, and how long you take to repay it. Our home loan calculator does the calculations for you instantly. Just enter these details, and you will see your monthly EMI amount in seconds.

When will my home loan EMI be due?

Your EMI will be due on a fixed date every month; the same date you choose when your loan starts.

Think of it like your loan’s monthly “rent” date. You can check your loan agreement for the date or simply ask us if you are unsure; we will help you confirm your EMI due date in seconds.

When do Home Loan EMIs start?

Your EMIs begin once your full loan amount is given to you - that’s called the disbursement date. From next month onward, you will start paying your EMI regularly. Don’t worry, we will remind you when it is time for your first payment.

How to change the EMI date?

If you want to shift your EMI date, just reach out to us online or visit your nearest Piramal Finance branch. Our team will check your account details and help you choose a new date that fits your schedule better.

Why should I calculate my EMI before applying for a loan?

Calculating home loan EMI makes a big difference. Certainly, guessing your EMI is risky. When you calculate home loan EMI beforehand, you know exactly what fits your monthly budget, no surprises later. It helps you avoid over-borrowing or being burdened with the EMI later. Also, it ensures you are comfortable with your payments from day one. Knowing home loan EMI is simply like knowing the price tag before you start shopping. Moreover, you can check if you need to tweak the EMI plans to fit your monthly life.

Can I make part payments or repay my loan early?

Yes! Piramal Finance lets you make part-prepayments or close your loan early.

Does my age affect my home loan eligibility?

Younger applicants can opt for longer repayment periods, while older borrowers may have shorter tenures. The key is to choose a plan that balances your income, age, and comfort - and our expert team will help you figure that out.

What fees or charges should I expect with a home loan?

There might be a small processing fee, stamp duty, or technical and legal charges - all clearly mentioned upfront. At Piramal Finance, we believe in transparency - no hidden costs, no last-minute surprises.

How can I lower my Home Loan EMI without sacrificing the dream?

Here are simple and start ways -

Pay a higher down payment (borrow less).
Stretch the repayment time a bit (smaller monthly amount).
Pay bills and EMIs on time - better score, better rate.
Make occasional extra payments to reduce overall loan tenure.

Will a home loan help with taxes?

Yes. Principal repayment can reduce your taxable income under Section 80C (up to ₹1.5 lakh). Interest paid can give relief under Section 24(b) (up to ₹2 lakh). If you share the loan, both loan applicants can claim benefits.

Why should I choose Piramal Finance for a home loan?

Because we make the complicated simple. We are known for an easy loan process, quick decisions, flexible options, up to 30 years to repay, easy balance transfers, and prompt support. We are here to help your dream home fit your life.
At Piramal Finance, we believe that being informed helps every individual make smarter and stress-free financial decisions, whether it’s choosing the right home loan or planning your EMI.
We help you plan smartly at every step, from choosing the right home loan to managing repayments with confidence.
Let’s plan your home loan together.

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Our Happy Customers

Ketan Babariya

Home loan in Rajkot, simple and clear.

I am Mr. Amit Jana. I run a jewellery job work shop in Rajkot. I needed a home loan. Piramal Finance made it easy. The team listened. They explained each step. Sanction was quick. Disbursal was on time. Rates and fees were clear from day one. They also told me the papers to keep ready: Aadhaar and PAN ,GST Registration or Trade License ,ITR, P/L, and Balance Sheet for the last 3 years ,Bank statements of my business account. My EMI fits my cash flow. I can focus on orders and quality. I trust Piramal Finance. I will tell other jewellers in Rajkot to choose them.

Amit Jana
Jewellery job work shop owner
Rajkot

Arvind Jathav

Rajkot home loan for artisans, made simple.

I am Nayanaben Bhimjibhai Tuvar. I run a small handicraft unit in Rajkot. I needed a home loan that worked with my seasonbased income.Piramal Finance understood my business. They saw the festival rush and the slow months. We fixed an EMI I can manage even in off season. Updates came on time. Process stayed calm. Charges were explained upfront. No hidden costs. My document checklist was clear:Aadhaar and PAN, GST Registration or Trade License for my unit, Last 3 years P&L and Balance Sheet, ITRs for 3 years, Bank statements of my business account. Today my home has a small craft studio corner. If you are an artisan in Rajkot and need a home loan, choose Piramal Finance. I trust them.

Nayanaben Bhimjibhai Tuvar
Handicraft entrepreneur
Rajkot

Vikas Mathur

Home loan in Ujjain, built for a cycle shop owner.

I am Pramod Rai. I run a cycle repair and sales shop in Ujjain. I needed a home loan. Piramal Finance understood my business. Sales rise before school season. Repairs pick up after rains. We chose a tenure and EMI I can handle in slow months too.Updates were quick. Sanction and disbursal were on time. All charges were explained upfront. No hidden costs. My document checklist was simple: Aadhaar and PAN, GST registration or Trade License, as applicable, ITRs for the last 3 years, Profit and Loss and Balance Sheet for 3 years, Bank statements of my business account. Now I can focus on customers and spare parts, while my home loan runs smoothly. If you want a simple home loan in Ujjain, choose Piramal Finance. I trust them.

Pramod Rai
Cycle repair and sales shop owner
Ujjain

Usha R

Indore home loan: my honest experience

I am Shyam Babu Patidar, a garment shop owner in Indore. I walked in with two worries. House budget. Shop cash flow. The Piramal Finance team sat with me. We spoke about my busy months and the slow ones. They suggested an EMI and tenure I can carry even in lean weeks. No rushing. No confusion. Sanction and disbursal were smooth. Fees were put on the table on day one. No lastminute addons. For documents, they kept it simple. Aadhaar, PAN, GST or shop license, last 3 years ITRs, profit and loss and balance sheet, and my business bank statements. Today I open my shop on time, stock up without stress, and pay my home loan on schedule. If you need a home loan in Indore, I recommend Piramal Finance.

Shyam Babu Patidar
Garment shop owner
Indore

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