Calculator
Home Loan EMI Calculator
Plan a home purchase end-to-end — property value, down payment, EMI, processing fee, and year-by-year repayment.
Monthly EMI
₹52,069
for 20 years
Total Interest
₹64,96,655
Total Payable
₹1,24,96,655
Processing Fee
₹30,000
0.50% of loan
EMI
₹52,069
- Principal
- Interest
Monthly EMI
₹52,069
Year-by-year amortization
| Year | Opening | Interest | Principal | Closing |
|---|---|---|---|---|
| 1 | ₹60,00,000 | ₹5,05,419 | ₹1,19,414 | ₹58,80,586 |
| 2 | ₹58,80,586 | ₹4,94,864 | ₹1,29,969 | ₹57,50,617 |
| 3 | ₹57,50,617 | ₹4,83,376 | ₹1,41,457 | ₹56,09,161 |
| 4 | ₹56,09,161 | ₹4,70,872 | ₹1,53,960 | ₹54,55,200 |
| 5 | ₹54,55,200 | ₹4,57,264 | ₹1,67,569 | ₹52,87,631 |
| 6 | ₹52,87,631 | ₹4,42,452 | ₹1,82,381 | ₹51,05,250 |
| 7 | ₹51,05,250 | ₹4,26,331 | ₹1,98,501 | ₹49,06,749 |
| 8 | ₹49,06,749 | ₹4,08,786 | ₹2,16,047 | ₹46,90,702 |
| 9 | ₹46,90,702 | ₹3,89,689 | ₹2,35,144 | ₹44,55,558 |
| 10 | ₹44,55,558 | ₹3,68,904 | ₹2,55,928 | ₹41,99,629 |
| 11 | ₹41,99,629 | ₹3,46,283 | ₹2,78,550 | ₹39,21,079 |
| 12 | ₹39,21,079 | ₹3,21,661 | ₹3,03,171 | ₹36,17,908 |
| 13 | ₹36,17,908 | ₹2,94,864 | ₹3,29,969 | ₹32,87,939 |
| 14 | ₹32,87,939 | ₹2,65,697 | ₹3,59,135 | ₹29,28,803 |
| 15 | ₹29,28,803 | ₹2,33,953 | ₹3,90,880 | ₹25,37,924 |
| 16 | ₹25,37,924 | ₹1,99,403 | ₹4,25,430 | ₹21,12,494 |
| 17 | ₹21,12,494 | ₹1,61,799 | ₹4,63,034 | ₹16,49,460 |
| 18 | ₹16,49,460 | ₹1,20,871 | ₹5,03,962 | ₹11,45,498 |
| 19 | ₹11,45,498 | ₹76,325 | ₹5,48,508 | ₹5,96,991 |
| 20 | ₹5,96,991 | ₹27,842 | ₹5,96,991 | ₹0 |
Frequently asked questions
Home loan rates in 2026 start around 8.25% for prime borrowers (CIBIL 800+) and range up to 11% for higher-risk profiles. PSU banks (SBI, BOB) tend to be 25–50 bps cheaper than private banks; HFCs like LIC HF and Bajaj Housing are competitive but charge higher processing fees.
EMI uses the standard formula: P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly rate (annual / 12 / 100), and n is the number of months. Each EMI splits into interest (high in early years) and principal (high in later years) — see the year-by-year amortization for the breakdown.
Most lenders cap EMI at 50%–60% of net monthly income. On ₹50,000 take-home, that is roughly ₹25,000–₹30,000 EMI capacity. At 9% over 25 years, that supports a loan of ₹30–₹35 lakh. Add your down payment for the property budget.
Most lenders cap home loan tenure at 30 years, subject to retirement age (usually loan must close by age 70). For salaried borrowers, 20–25 years is the sweet spot — longer tenures cut EMI but balloon total interest.
For floating-rate home loans, RBI prohibits prepayment penalties for individual borrowers. Fixed-rate loans typically charge 2%–3% on the prepaid amount. Always prepay early — a ₹1 lakh prepayment in year 2 of a 20-year loan saves around ₹2 lakh in interest.
Fixed rates stay constant (typically only for the first 1–5 years, then convert to floating); floating rates are linked to RBI repo or external benchmarks and reset every 3–6 months. Floating wins when rates trend down; fixed protects you in a rising-rate cycle but costs 50–100 bps more upfront.
Buying a home — the numbers behind the EMI
A home loan is the largest financial commitment most Indians make. The EMI is just the monthly headline — the real number to watch is the total interest over the tenure, which often exceeds the principal itself. Stretching tenure cuts the EMI but piles on interest; shortening it does the opposite.
Down payment — pay more if you can
RBI requires a minimum 10% down payment for loans up to ₹30 lakh, 20% for ₹30–₹75 lakh, and 25% for above ₹75 lakh. Going beyond the minimum is almost always smart — every extra ₹1 lakh down saves ₹1.5–₹2 lakh in interest over 20 years.
Things to check before signing
- Confirm whether the rate is repo-linked or bank-internal (MCLR / older). Repo-linked is more transparent.
- Read the prepayment clause — floating-rate loans cannot charge prepayment fees for individuals.
- Negotiate processing fee — most lenders waive 50–100% during campaigns or if you have a long-standing relationship.
Disclaimer: EMI is indicative. Actual disbursal and repayment depend on lender approval, credit appraisal, property valuation, and floating-rate revisions through the tenure.
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