What is the EMI on a ₹30 lakh home loan at 9% for 15 years?
A ₹30,00,000 home loan at 9% over 15 years works out to an EMI of about ₹30,428, with total interest of ₹24,77,040.
What is an EMI calculator?
An EMI (Equated Monthly Installment) calculator computes the fixed monthly amount you repay on a loan, using the reducing-balance method — the standard method used by Indian banks and NBFCs for home, car, and personal loans.