Lucknow Property EMI Calculator
Monthly instalment, total interest and the year-by-year balance for a home or plot loan.
Work out the monthly instalment (EMI) on a home or plot loan before you commit to a price. Enter the property price, how much you will pay from your own money, the interest rate your lender quotes and the number of years. You get the EMI, the total interest over the life of the loan and the balance left at the end of each year.
Use it to compare a shorter loan with a longer one, or to see how much a larger down payment saves.
Your loan
Loan —Interest —
Year by year
| Year | Interest paid | Principal paid | Balance |
|---|---|---|---|
| Enter the details to see the schedule. | |||
How it is calculated
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r is the interest rate per month (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments. Total interest = EMI × n − P.
A worked example
A property priced at ₹50 lakh, with a 20% down payment of ₹10 lakh, needs a loan of ₹40 lakh. At 9% a year over 20 years (240 instalments) the EMI is ₹35,989. You repay ₹86.37 Lakh in all, of which ₹46.37 Lakh is interest.
The same ₹40 lakh over 15 years costs ₹40,571 a month and ₹33.03 Lakh in interest; over 25 years it costs ₹33,568 a month and ₹60.7 Lakh in interest. A longer loan lowers the EMI but raises the total interest.
Things to keep in mind
- 9% is only an example. Enter the rate in your lender's sanction letter: it depends on the lender, your profile and the type of loan.
- Processing fees, insurance and other charges are not included.
- On a floating-rate loan the EMI or the tenure changes when the lender's rate changes.
Frequently asked questions
How is the EMI of a home loan calculated?
The EMI depends on the loan amount, the monthly interest rate and the number of months: EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1). Every instalment is the same amount; at the start most of it is interest and over time more of it repays the loan.
Does a longer tenure reduce my EMI?
Yes, but you pay more interest in total. For a ₹40 lakh loan at 9%, a 15-year loan has an EMI of ₹40,571 and a 25-year loan ₹33,568 (₹33.03 Lakh versus ₹60.7 Lakh of interest).
What interest rate should I enter?
Use the rate your lender has quoted to you. Rates differ between banks and housing finance companies and between borrowers. LucknowSquare does not publish lenders' rates, so the 9% shown is only a starting value.
Does the EMI include processing fees, insurance and stamp duty?
Can I get the same loan terms for a plot?
Not necessarily. Lenders often treat plot and construction loans differently from loans on a ready home, with different rates and a different share of the price they will finance. Ask your lender.
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Guides that explain more
Free to use, no sign-up. Results are estimates for planning, not legal, tax or financial advice. How we calculate · Editorial policy · All tools