Home Loan EMI Calculator
Calculate your monthly home loan EMI and total interest payable.
Input Values
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₹
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Years
Results
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⚠️ Results are indicative only. Consult a qualified professional before making any decisions.
What is this Calculator?
The Home Loan EMI Calculator helps you estimate your monthly home loan instalment, total interest payable, and total repayment amount. It factors in the property value, down payment, interest rate, and loan tenure to give you a complete picture of your home loan.
How to Use
1
Enter Property Value: Enter the total cost of the property you plan to buy.
2
Enter Down Payment: Enter the down payment amount you will pay upfront (typically 20%).
3
Enter Interest Rate: Enter the home loan interest rate offered by your bank (p.a.).
4
Enter Tenure: Enter the loan repayment period in years (up to 30 years).
5
View Results: See Loan Amount, Total Interest, Total Payment, and Monthly EMI.
Frequently Asked Questions
A home loan is a secured loan where a bank or financial institution lends you money to purchase a property. The property itself serves as collateral. Repayment is made in EMIs over the chosen tenure.
Home loan interest rates in India typically range from 8.5% to 9.5% p.a. Rates vary by lender, loan amount, credit score, and whether it is a fixed or floating rate.
Typically, banks finance up to 80% of the property value (75% for loans above ₹75 lakh). Your EMI should not exceed 40–50% of your monthly income for eligibility.
Most banks offer home loans for up to 30 years. A longer tenure reduces EMI but increases total interest paid. Choose a tenure where EMI is comfortable without stretching too long.
Yes. Principal repayment qualifies under Section 80C (up to ₹1.5 lakh). Interest paid is deductible under Section 24(b) (up to ₹2 lakh for self-occupied property).
Fixed rate loans have a constant interest rate for the entire tenure, while floating rate loans change with market rates (linked to REPO rate). Most home loans in India are floating rate.