Home Loan EMI Calculator - EMIs starting @ just ₹822*/Lakh
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Home Loan EMI Calculator

Loan Amount

Minimum ₹ 10,00,000

Interest Rate

Minimum 8.7%

Tenure (Years)

Till April 2028

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Equated Monthly Instalments (EMI)


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Interest Payable


Home Loan Amortization Schedule
Emi Nos Opening Principal EMI Interest Principal Repayment Closing Principal

Guide to better loan finance

Resources to get the best out of your Home Loan and manage your finances prudently


Home Loan Calculator - Calculate Your Monthly EMI Online

A Home Loan EMI Calculator is an online tool that helps you calculate the Equated Monthly Installment (EMI) for your home loan. With a Home Loan EMI Calculator, you can easily determine the monthly installment amount you'll need to pay towards your home loan.

Kotak Mahindra Bank provides an easy-to-use home loan calculator that helps you calculate your housing loan EMIs and make informed decisions about owning your dream home. With the housing loan calculator, you can quickly determine your home loan EMIs based on the housing loan amount, rate of interest, and other factors. Kotak Mahindra Bank offers attractive interest rates and EMIs starting at ₹819 per Lakh*, so you can buy your dream home without hassle.

What is Home Loan EMI?

Home loan EMI is a systematic and easy approach towards home loan repayment. EMI stands for equated monthly installment, which includes principal amount, and the interest payable divided through the tenure chosen. Home loan borrower has to make the repayment of the loan each month in the form of home loan EMI.

How is EMI on Home Loan Calculated?

The EMI on a home loan is calculated using a formula that considers the loan's principal amount, the tenure in months, and the monthly interest rate. The formula for calculating Equated Monthly Installment (EMI) for a home loan is as follows:

EMI= [P x R x (1+R)^N]/[(1+R)^N-1]

Where P = Loan’s principal amount

R = Monthly rate of interest

N = Tenure of the loan (in months)

For example:

For a home loan amount of 50,00,000 INR for 20 years and the yearly rate of interest of 6.55%, the EMI amount will be computed as follows:

EMI = [50,00,000*0.005*(1+0.005) ^240]/[(1+0.005)^240-1] = 37,426 INR

Home Loan Calculator Features and Benefits

Here are the benefits you can enjoy with Kotak Mahindra Bank’s housing loan EMI calculator:

  • It is a simple and user-friendly home loan EMI calculator anyone can use.
  • The home loan interest rate calculator helps you find out the exact amount of interest and compare the home loan interest rates and tenure.
  • You can calculate the amount in just a few minutes
  • It helps decide on the loan tenure the borrower should choose while keeping his monthly expenses and other loan EMIs in mind.
  • It assists in better financial planning
  • It helps the borrower determine the accurate EMI amount payable

How to use Kotak Mahindra Bank’s Home Loan Calculator?

Kotak Mahindra Bank provides a simple and convenient housing loan EMI calculator in India. By entering the home loan amount, interest rate, and loan tenure (in years), you can get an exact EMI value displayed in seconds.

Home Loan Amortization Schedule

An amortisation schedule is a table that shows the periodic payments and the amount of principal and interest that make up each payment for the entire loan term. It also shows the remaining loan balance after each payment is made.

  • Visit Kotak Mahindra Bank’s website
  • Go to the home loan EMI calculator page
  • Enter the required values like home loan amount, interest rate, tenure, etc.


Click here to view Amortization Table

How To Reduce EMI Amount On A Home Loan

Once the home EMI calculator shows you your EMI amount you will have a clearer picture of your home loan. To reduce your EMI amount on a home loan follow these tips:

  • Choose a higher down payment- A higher down payment gives you a lesser principal amount on which the EMI is calculated. If the principal amount is low the EMI will also be lower.
  • Choose a long repayment tenure- Long repayment tenure give your more time to repay your loan and hence the EMI is also reduced.
  • Take a balance transfer loan- These loans are offered at lower rates of interest.

Frequently Asked Questions

What does an EMI Mean?

An EMI (equated monthly installment) is a monthly payment paid by the borrower to the creditor. It can be calculated using a housing loan EMI calculator.


Why should I use an EMI calculator?

Home Loan EMI calculators help you to calculate your EMI amount based on the inputs entered. A house loan calculator is an effective tool.


What is the benefit of calculating EMIs?

The home loan repayment calculator not only helps you know the EMI amount but also has other benefits you can enjoy if you calculate your EMI beforehand:


How do you use the Home Loan EMI Calculator?

The Home Loan EMI Calculator uses an algorithm that takes into account variables, such as your home loan amount, the interest rate, and the tenure of your loan. The intricacies of the amortization schedule - yearly or monthly, can be understood by simply contacting us.


What are the factors that affect housing loan EMI?

The home loan EMI depends on various factors including loan amount, interest rate, tenure, prepayment and down payment.


When will my home loan EMI be due?

With the house loan calculator find out the EMI then decide the date on which you want to avail of the loan.


How can I change my Home Loan EMI Date?

Calculate your EMI, interest rate, and tenure using the home EMI calculator before you decide to apply for a loan. Once you avail of the loan, the date for your EMI deduction is fixed. However, you can change your home loan EMI date by:


How does my home loan eligibility affect EMIs?

Your home loan eligibility depends on some extremely crucial factors like your salary or income, your age,any ongoing debts, age, credit score etc.


Have specific doubts? Talk to our Home Loan Advisor

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