Financial preparation tool
Home-loan EMI calculator
See the effect of principal, rate and tenure before comparing lender offers. This estimate is not a sanction, quote or affordability recommendation.
Home-loan EMI & Persona AI Calculator
Calculate reducing-balance EMI and select your persona for tailored tax & prepayment advice.
What this helps with
A quick EMI estimate for planning cash flow, affordability, and the likely burden of the loan.
What it does not do
It does not approve credit, compare lender offers, or replace a bank's final sanction and disclosure terms.
Best next step
Use the result to compare scenarios, then confirm the final rate, charges, and eligibility with the lender.
Indicative EMI Result
₹43,391per month
- Total repayment
- ₹1,04,13,879
- Total interest
- ₹54,13,879
Equal monthly payments across 240 payments under reducing-balance formula.
Floating-rate interest rate resets apply under RBI consumer guidance. Compare Key Facts Statement.
Educational estimate only. Not a loan offer or financial advice.
Method
The calculator applies the standard equal-payment reducing-balance formula using monthly compounding: principal × monthly rate × (1 + monthly rate)payments ÷ ((1 + monthly rate)payments − 1). A zero-rate loan divides principal equally across the selected months.
Source and review
RBI consumer material explains EMI, monthly reducing balance, tenure and the effect of floating-rate resets. Formula and boundary behavior reviewed by NammaGuide on 13 August 2026.
Read RBI guidance