Home Loan EMICalculator 2025
Calculate your home loan EMI instantly with India's most accurate calculator. Compare rates from 90+ leading banks starting at 7.50% p.a. and save up to ₹50,000 annually.
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Calculate Your Home Loan EMI
Get accurate EMI calculations with current market rates and personalized recommendations
EMI Calculator
EMI Details
Monthly EMI
₹44,026
Principal Amount
₹50,00,000
Total Interest
₹55,66,240
Total Amount Payable
₹1,05,66,240
Payment Breakdown
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Everything You Need to Know About Home Loan EMI
Master home loan calculations and make informed decisions with current market insights
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay to the bank every month towards repaying your home loan. It consists of both principal and interest components. In the initial years, the interest component is higher, while in later years, more of your EMI goes towards principal repayment.
EMI Calculation Formula:
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
Where:
- • P = Principal loan amount
- • r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
- • n = Loan tenure in months
Current Market Rates (2025)
📈 Rates reduced by 25-50 bps after recent RBI rate cuts
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| Features | MoneyKarmaRecommended | Traditional Banks | Other Calculators |
|---|---|---|---|
| Number of Banks | 90+ Banks | Single Bank | 10-20 Banks |
| Current Rates (2025) | From 7.50% | Outdated Rates | Variable Updates |
| Amortization Schedule | Detailed | Basic | Limited |
| Loan Application | Instant Apply | Branch Visit | Redirects Only |
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