Hindustan Calculator EMI: Home, Car, Personal & Education Loan
The Hindustan Calculator EMI tool shows the monthly instalment for a home loan EMI, car loan EMI, personal loan EMI or education loan EMI, along with the total interest payable and a year-by-year amortization schedule. Choose the loan type, adjust the amount, rate and tenure, and see how much of every rupee goes to interest.
By Umer Sattar Updated 21 Oct 2026
Home loan of ₹50,00,000 at 8.5% for 20 years
EMI ₹43,391 / month
- Total interest
- ₹54,13,879
- Total payable
- ₹1,04,13,879
- Interest share
- 52%
- Months
- 240
Year-by-year amortization schedule
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹99,511 | ₹4,21,182 | ₹49,00,489 |
| 2 | ₹1,08,307 | ₹4,12,387 | ₹47,92,181 |
| 3 | ₹1,17,881 | ₹4,02,813 | ₹46,74,300 |
| 4 | ₹1,28,300 | ₹3,92,394 | ₹45,46,000 |
| 5 | ₹1,39,641 | ₹3,81,053 | ₹44,06,359 |
| 6 | ₹1,51,984 | ₹3,68,710 | ₹42,54,375 |
| 7 | ₹1,65,418 | ₹3,55,276 | ₹40,88,957 |
| 8 | ₹1,80,039 | ₹3,40,655 | ₹39,08,918 |
| 9 | ₹1,95,953 | ₹3,24,741 | ₹37,12,965 |
| 10 | ₹2,13,274 | ₹3,07,420 | ₹34,99,691 |
| 11 | ₹2,32,125 | ₹2,88,569 | ₹32,67,566 |
| 12 | ₹2,52,643 | ₹2,68,051 | ₹30,14,923 |
| 13 | ₹2,74,974 | ₹2,45,720 | ₹27,39,949 |
| 14 | ₹2,99,279 | ₹2,21,415 | ₹24,40,670 |
| 15 | ₹3,25,733 | ₹1,94,961 | ₹21,14,937 |
| 16 | ₹3,54,525 | ₹1,66,169 | ₹17,60,412 |
| 17 | ₹3,85,862 | ₹1,34,832 | ₹13,74,550 |
| 18 | ₹4,19,968 | ₹1,00,726 | ₹9,54,582 |
| 19 | ₹4,57,090 | ₹63,604 | ₹4,97,492 |
| 20 | ₹4,97,492 | ₹23,202 | ₹0 |
EMI formula: how Hindustan Calculator EMI works it out
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1) P = loan amount, r = yearly rate ÷ 12 ÷ 100, n = number of months
Banks in India calculate EMIs on a reducing balance: each month's interest is charged only on what is still owed, so early EMIs are mostly interest and later ones mostly principal. The amortization table above shows this shift year by year.
What is the EMI for a ₹10 lakh home loan at 8.5% for 20 years?
About ₹8,678 a month. Over 240 months that is roughly ₹20.83 lakh in total, so the interest (about ₹10.83 lakh) is more than the loan itself, which shows how much tenure matters.
How tenure changes the total interest
| Tenure | EMI | Total interest |
|---|---|---|
| 10 years | ₹61,993 | ₹24.4 lakh |
| 15 years | ₹49,237 | ₹38.6 lakh |
| 20 years | ₹43,391 | ₹54.1 lakh |
| 25 years | ₹40,261 | ₹70.8 lakh |
Stretching from 20 to 25 years lowers the EMI by about ₹3,100 but adds over ₹16 lakh of interest. Many families in Pune, Bengaluru and Hyderabad now take a longer tenure for eligibility and then prepay aggressively, which gives flexibility without paying the full long-tenure interest.
Flat rate vs reducing balance EMI
Some two-wheeler, consumer-durable and personal loans quote a flat rate, charging interest on the full original amount for the whole tenure. A 10% flat rate is roughly equal to an 18% reducing rate over three years. Always ask for the reducing-balance rate (or the APR in the key fact statement) before comparing offers.
Prepayment: reduce EMI or tenure?
- Reducing tenure saves the most interest; the EMI stays the same and the loan ends sooner.
- Reducing EMI eases the monthly budget but saves less interest.
- Under RBI rules, banks can't charge a prepayment penalty on floating-rate loans taken by individuals for non-business purposes; fixed-rate loans may carry a charge.
Even one extra EMI a year towards principal cuts a 20-year home loan by several years. Check the effect by lowering the tenure in the calculator.
Bank or NBFC?
Banks usually offer lower rates linked to the repo rate (EBLR); housing finance companies and NBFCs may approve faster or lend to self-employed borrowers with less paperwork, often at a slightly higher rate. Compare the full cost (processing fee, insurance and rate reset terms), not just the headline rate.
EMI Calculator: questions people ask
What is EMI and how is it calculated?
EMI is the fixed monthly payment that repays a loan with interest. EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where r is the monthly rate and n the number of months.
What is the EMI for ₹10 lakh home loan at 8.5% for 20 years?
About ₹8,678 per month, with roughly ₹10.83 lakh of total interest.
Does reducing EMI tenure save money?
Yes. A shorter tenure means a higher EMI but much less total interest.
What is the difference between flat rate and reducing balance EMI?
Flat rate charges interest on the original amount throughout; reducing balance charges only on the outstanding amount, so it is cheaper at the same quoted rate.
Does prepayment reduce EMI or loan tenure?
Either, depending on what you choose with the lender; reducing tenure saves more interest.
Which is better: a home loan from a bank or an NBFC?
Banks are usually cheaper; NBFCs and HFCs can be more flexible. Compare total cost including fees.