Home Loan EMI Calculator
This home loan EMI calculator shows your monthly instalment, total interest and the full cost of your housing loan before you walk into a bank. Home loans are the largest debt most Indians ever take, and small differences in rate or tenure move lakhs of rupees — so model your exact scenario here: enter the loan amount after your down payment, the rate your bank quoted, and the tenure you are considering.
Property cost minus your down payment. Banks typically fund 75–90% of the property value; the rest is your contribution.
Your bank's quoted rate. Compare the effective rate after processing fees — a 8.4% loan with 1% fee can cost more than a fee-free 8.5% loan.
Up to 30 years with most lenders. Keep the end of the loan before your planned retirement age.
Monthly EMI
सेव करने के लिए लॉग इन करें₹43,391
What leaves your account each month for the whole tenure — e.g. ₹43,391/month on a ₹50,00,000 loan at 8.5% over 20 years.
The cost of borrowing, separate from what you actually receive as the loan. On long tenures this can exceed the loan amount itself.
Principal plus total interest — the honest, all-in price of the property once the loan is fully repaid.
The home loan amount you're borrowing, shown for quick comparison against the totals above.
Frequently asked questions
How much home loan can I get on my salary?+
Banks typically allow total EMIs up to 50–60% of net monthly income. On ₹1,00,000 take-home with no other loans, that supports roughly a ₹45,000 EMI — about ₹52 lakh over 20 years at 8.5%. Existing car or personal loans reduce this.
Should I choose a 20-year or 30-year tenure?+
Take the longer tenure for cash-flow safety, then prepay aggressively — there is no penalty on floating-rate loans. You get the low mandatory EMI of a 30-year loan with the interest cost of a shorter one if you prepay even one extra EMI per year.
How much does 0.25% rate difference matter?+
On a ₹50 lakh, 20-year loan, 0.25% changes the EMI by about ₹780/month and total interest by roughly ₹1.9 lakh. Always negotiate, and consider a balance transfer if your existing lender will not match market rates.
What is a home loan balance transfer?+
Moving your outstanding loan to a bank offering a lower rate. It makes sense when the rate gap is at least 0.5% and you have many years left — the saving must exceed the new lender's processing and legal fees, typically 0.5–1% of the balance.
Is the EMI different for under-construction properties?+
Yes. Until full disbursement you usually pay only pre-EMI interest on the amount disbursed so far. Full EMI begins after the final disbursement. This calculator shows the full-EMI figure on the complete loan amount.
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