Home Loan Calculator India
Calculate your home loan EMI, total interest, repayment amount, upfront costs, prepayment savings and amortization schedule.
Enter Your Home Loan Details
Additional Purchase Costs
Optional Monthly Housing Costs
Your Home Loan Results
Home Loan Cost Breakdown
| Component | Amount |
|---|---|
| Property Price | ₹0 |
| Down Payment | ₹0 |
| Home Loan | ₹0 |
| Total Interest | ₹0 |
| Stamp Duty & Registration | ₹0 |
| Processing Fee | ₹0 |
| Other Purchase Costs | ₹0 |
| Estimated Cash Required Upfront | ₹0 |
Extra EMI / Prepayment Comparison
Yearly Home Loan Amortization
| Year | Opening Balance | Principal Paid | Interest Paid | Closing Balance |
|---|
Monthly Amortization Schedule
The table below displays the first 60 estimated monthly payments.
| Month | EMI | Principal | Interest | Balance |
|---|
Calculation Status
Copyable Results
Home Loan Calculator India
This free home loan calculator India helps estimate your monthly EMI, total interest, total repayment, down payment, loan-to-value ratio and overall purchase costs. It can also show how extra monthly prepayments could reduce your interest and shorten your loan tenure.
How to Use This Home Loan EMI Calculator
- Enter the property price.
- Enter your planned down payment.
- Enter your expected annual interest rate.
- Select your loan tenure.
- Enter estimated stamp duty and registration costs.
- Enter the lender’s processing fee.
- Add other purchase expenses.
- Enter any extra monthly EMI or prepayment.
- Add optional maintenance and insurance costs.
- Click Calculate Home Loan EMI.
What Is Home Loan EMI?
EMI stands for Equated Monthly Instalment. It is the regular amount paid toward an amortizing loan. A typical EMI contains both principal repayment and interest.
Home Loan EMI Formula
The standard EMI formula for a monthly amortizing loan is:
EMI = P × r × (1 + r)n ÷ [(1 + r)n − 1]
- P = loan principal
- r = monthly interest rate
- n = number of monthly payments
How Down Payment Affects Your Home Loan
A larger down payment reduces the amount you need to borrow. A smaller loan generally means a lower EMI and less total interest, assuming the interest rate and tenure remain the same.
How Loan Tenure Affects EMI
A longer tenure can reduce the required monthly EMI because the loan is spread across more payments. However, the borrower can pay substantially more interest over the full repayment period.
A shorter tenure generally increases the EMI but can reduce total interest.
What Are Stamp Duty and Registration Charges?
Stamp duty and registration expenses are property transaction costs. The applicable rates can vary between Indian states and may depend on the property, transaction value and applicable government rules.
This calculator allows you to enter your own estimated percentage instead of assuming one nationwide rate.
What Is a Home Loan Processing Fee?
A processing fee is a charge that a lender may apply when processing a home loan application. The amount and structure vary between lenders and loan products.
How Can Prepayments Reduce Home Loan Interest?
Additional principal payments can reduce the outstanding loan balance faster. Because interest is generally calculated using the outstanding principal, reducing the balance can potentially lower the interest paid over the remaining loan period.
₹50 Lakh Home Loan EMI
The EMI for a ₹50 lakh home loan depends on the interest rate and loan tenure. Enter ₹50 lakh as the loan amount or adjust the property price and down payment so that the calculated loan amount equals ₹50 lakh.
₹60 Lakh Home Loan EMI
The EMI for a ₹60 lakh home loan varies according to the interest rate and tenure. Use the calculator to compare 10-, 15-, 20-, 25- and 30-year repayment periods.
₹1 Crore Home Loan EMI
A ₹1 crore home loan can have substantially different EMIs depending on the interest rate and repayment period. A longer tenure may reduce the monthly payment while increasing lifetime interest.
Frequently Asked Questions
A home loan calculator estimates EMI, total interest and total repayment based on the loan amount, interest rate and tenure.
A standard monthly EMI is calculated using the loan principal, monthly interest rate and number of monthly payments.
It depends on the applicable interest rate and tenure. Enter the loan amount, rate and tenure above to calculate an estimate.
The EMI depends on the interest rate and repayment period. Use the calculator to compare different combinations.
The EMI depends on the interest rate and tenure. A longer tenure usually lowers the required EMI but increases total interest.
Generally, yes. A larger down payment reduces the principal that needs to be financed.
Additional principal payments can potentially reduce the outstanding balance and future interest. Check your lender’s applicable prepayment rules.
Yes. Enter your estimated stamp duty and registration percentage to include these costs in the estimated upfront cash requirement.
No. Home loan approval depends on income, credit history, existing obligations, property details, lender policies and other underwriting factors.