Home Loan EMI Calculator (Bank Accurate) Calculate your EMI using the same reducing balance method used by banks . This calculator also shows how paying extra EMIs every year reduces loan tenure and saves huge interest. Loan Amount (₹) Annual Interest Rate (%) Loan Tenure (Years) Extra EMI per Year Calculate EMI 📥 Download Google Sheet EMI Calculator 👉 Enter loan details and click Calculate EMI Month EMI (₹) Interest (₹) Principal (₹) Extra EMI (₹) Balance (₹)