What's a typical home loan tenure in India?

Home loans commonly run 10 to 30 years. A longer tenure lowers the monthly EMI but significantly increases the total interest paid over the life of the loan.

Can I prepay a home loan to reduce interest?

Yes — most lenders allow prepayment, and reducing the principal early can meaningfully cut total interest, especially if done in the loan's early years when the interest component is highest.

Home / Home Loan EMI Calculator

Loans & credit

Home Loan EMI Calculator

Work out the monthly instalment on a home loan, along with the total interest paid over the full tenure.

Loan details

Home loan amount ₹40,00,000

Interest rate (annual) 8.4%

Tenure (years) 20 yrs

Your EMI

Monthly instalment

₹0

Loan amount₹0

Total interest₹0

Total payment₹0

How home loan EMI is calculated

EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ − 1]
P = loan amount, r = monthly interest rate, n = tenure in months

Home loans usually run 10–30 years and carry the lowest retail lending rates because the property itself secures the loan. A longer tenure lowers the EMI but significantly raises total interest paid.

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Figures are estimates for planning purposes only and do not constitute financial advice.