SmilingLoans

Planning Tools

Calculators to Plan Your Home Loan

Work out your EMI, what you're likely eligible for, how much down payment to plan for, and whether a balance transfer is worth it — all before you talk to an advisor.

₹50,00,000
₹5,00,000₹3,00,00,000
8.50%
5.00%20.00%
20 yrs
1 yr30 yrs

Monthly EMI

₹43,391

Principal Amount
₹50,00,000
Total Interest
₹54,13,879
Total Repayment
₹1,04,13,879
Loan Tenure
20 years
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Understanding Your Home Loan EMI

Your EMI (Equated Monthly Instalment) has two parts: interest and principal. Early in the loan, most of each payment goes toward interest; as the outstanding balance shrinks, more of each EMI goes toward principal. It's calculated on a reducing balance — interest is charged only on what you still owe, not the original loan amount.

A few ways to bring your EMI down

  • A larger down payment reduces the principal you're borrowing against.
  • A longer tenure lowers the monthly EMI, though it increases total interest paid.
  • A better rate — through a lower CIBIL score risk premium or a balance transfer — reduces both.