A mortgage (home loan) EMI formula: EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P = loan amount, r = monthly rate (annual rate ÷ 1200), n = tenure in months. Example: ₹50 lakh home loan at 9% annual for 20 years (240 months) → monthly EMI = ₹44,986, total interest paid = ₹57.97 lakh, total repayment = ₹1.07 crore. Home loan interest rates in India (2026): SBI 8.5–9.65%, HDFC 8.75–9.4%, ICICI 8.75–9.65%. Maximum mortgage tenure in India is 30 years for salaried borrowers.
Mortgage Calculator
Free mortgage calculator for Indian finance, accounting and recurring-payment workflows.
Indicative calculation only. Verify accounting, tax, lending and valuation decisions against your policies and source records.
How to use Mortgage Calculator
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