₹
iHisab.in SIP, EMI, Tax & FD Hub
Bank EMI Planner Updated for FY 2026-27 (April 2026)

EMI Calculator — Home, Car & Personal Loan Planner

Calculate your exact monthly Equated Monthly Installment (EMI), total interest outgo, and complete year-by-year loan amortization schedule for any bank loan in India.

Loan Calculation Parameters

Drag sliders or type amounts
₹
Min ₹1 Lakh
Max ₹1 Crore
%
5%
20%
Yrs
1 Year (12 Mo)
30 Years (360 Mo)
Monthly EMI Payable
Fixed monthly payment over
Principal Amount
Total Interest Payable
Total Repayment Amount:

Principal vs Interest Breakdown

Loan Repatment & Amortization Trend

Yearly Principal vs Interest outgo progression

Reducing Balance Amortization
Year Opening Balance Total EMI Paid Principal Paid Interest Paid Closing Balance

Live Bank Home Loan Interest Rates (2026)

Compare leading Indian bank interest rates for ₹30 Lakh Home Loan (20Y Tenure)

Bank / Institution Interest Rate (p.a.) Monthly EMI for ₹30L Max Tenure Processing Fee
State Bank of India (SBI) 8.40% – 9.65% ₹25,845 / mo 30 Years 0.35% (Max ₹10,000)
HDFC Bank 8.50% – 9.40% ₹26,035 / mo 30 Years 0.50% (Max ₹3,000)
ICICI Bank 8.55% – 9.50% ₹26,130 / mo 30 Years 0.50% (Max ₹5,000)
Axis Bank 8.75% – 9.65% ₹26,511 / mo 30 Years 1.00% (Min ₹10,000)

The 1 Extra EMI Hack

Paying just 1 extra EMI every year on a 20-year home loan reduces your tenure to 15.5 years and saves ₹5 Lakhs+ in interest outgo!

The 40% FOIR Rule

Financial advisors recommend keeping total monthly EMIs across all loans under 40% of your monthly take-home salary.

Reducing Balance Method

Banks calculate interest on the remaining principal balance every month. Early prepayments slash future interest exponentially.

Frequently Asked Questions (FAQ)

Common queries regarding loan EMI calculations and repayments

EMI (Equated Monthly Installment) is a fixed monthly payment made by a borrower to a bank on a specified date. It is calculated using the formula: EMI = [P × r × (1+r)^n] / [(1+r)^n - 1].
In a flat rate loan, interest is calculated on the entire initial loan amount for the full tenure. In a reducing balance loan (used by standard banks), interest is calculated only on the remaining principal balance, making it far cheaper.
Reducing loan tenure saves significantly more interest because it cuts down the compounding time period. Reducing EMI amount only helps if you need to improve your immediate monthly cash flow.

iHisab — Loan EMI Calculation Report

Website: https://ihisab.in | Generated: 25 Jul 2026

FY 2026-27
Loan Principal
Interest Rate
Loan Tenure
Monthly Payable EMI
Total Interest Outgo:
Total Repayment:
Disclaimer: This report is generated by iHisab.in for illustrative purposes based on reducing balance compounding formulas. Actual bank EMIs may include processing fees or taxes.