Jio Blockrock Home Loan EMI Calculator: Easy Use, Start Calculate ₹1 Lakh to ₹500 Lakh -

Home Loan EMI Calculator

Calculate your monthly payments and plan your home loan effectively

Loan Details

Loan Amount (₹) Adjustable 30,00,000

₹ 30,00,000

Interest Rate (%) Current: 8.4% 8.4%

8.4%

Loan Tenure (Years) Max: 30 yrs 20

20 Years

Calculation Results

Monthly EMI

₹25,482

Total Interest

₹31,15,680

Total Payment

₹61,15,680

Year	Principal (₹)	Interest (₹)	Balance (₹)

About The Creator

Pradeep Chauhan

Financial Tools Developer & Investment Specialist

With over 12 years of experience in financial technology and investment planning, I create powerful tools that simplify complex financial calculations. My mission is to empower individuals with accurate, easy-to-use calculators to make informed financial decisions.

I’ve developed numerous financial tools used by thousands of people to plan their investments, loans, and savings. My expertise lies in creating intuitive interfaces that transform complicated financial data into actionable insights.

As a certified financial planner and technology enthusiast, I bridge the gap between complex financial concepts and everyday users, helping people make better financial decisions for their future.

Jio Blockrock Home Loan EMI Calculator

Frequently Asked Questions

What is a home loan EMI?

EMI (Equated Monthly Installment) is the fixed payment amount you pay each month towards your home loan. It includes both principal repayment and interest charges, calculated so that the loan is fully repaid over the chosen tenure.

How is home loan EMI calculated?

Home loan EMI is calculated using the formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P is the loan amount, R is the monthly interest rate (annual rate divided by 12), and N is the loan tenure in months. Our calculator does this math automatically for you.

What factors affect my home loan EMI?

Three main factors affect your EMI:

Loan Amount: Higher loan amounts result in higher EMIs
Interest Rate: Higher rates increase your EMI
Loan Tenure: Longer tenures reduce EMI but increase total interest paid

Should I choose a longer or shorter loan tenure?

This depends on your financial situation:

Shorter tenure: Higher EMIs but less total interest paid
Longer tenure: Lower EMIs but more total interest paid

Use our calculator to compare different tenures and find the right balance between affordable EMIs and reasonable interest costs.

Can I prepay my home loan to reduce interest?

Yes, most lenders allow partial or full prepayment of home loans, though some may charge a prepayment penalty (usually 0-2% of the prepaid amount). Prepaying reduces your principal amount, which lowers your total interest burden. Use our calculator to see how prepayments can affect your loan.

What is the maximum home loan amount I can get?

Lenders typically offer up to 75-90% of the property value as loan, depending on your income, credit score, and other factors. Most banks calculate loan eligibility as about 60 times your monthly income. However, your EMI shouldn’t exceed 40-50% of your monthly income.