Housing Loan Calculator
Calculate monthly repayments for a housing loan using equated or reducing balance
Loan Details
Payment Method
Loan Amount
The total housing loan amount
Loan Term
5 years · maximum 20 years
Annual Interest Rate
Typical housing loan rates range from 10% – 18%
Monthly Payment
Rs. 111,222.24
fixed · for 5 years
Total Payable
Rs. 6,673,334.31
Total Interest
Rs. 1,673,334.31
cost of borrowing
Loan Amount
Rs. 5,000,000.00
principal
Interest Share
25.1%
of total payable
Breakdown
Your monthly payment stays the same throughout the loan term. Interest is calculated on the outstanding balance each month, so more of each payment goes toward principal over time.
Equated balance · fixed equal monthly payment throughout
Plan home loan repayments before you sign. Enter loan amount, tenure in months or years, and the annual interest rate your bank quoted to see EMI and total interest.
Frequently asked questions
- Is this the same as a mortgage calculator?
- Yes. In Sri Lanka we usually say housing or home loan; the mathematics is the same fixed monthly payment on a reducing balance.
- Should I include life insurance in the EMI?
- Banks often bundle insurance. Add those separately if your bank quotes them outside the base rate.
- How do I compare with vehicle finance?
- Use the Vehicle Loan Calculator with similar rates and tenures to compare monthly cash flow across car and home priorities.