Down Payment Calculator
Calculate down payment amount and remaining loan amount needed.
📐 Down Payment = Home Price × Down Payment% · Loan Amount = Home Price − Down Payment
A down payment is the upfront cash payment you make when buying a home, car, or other high-value purchase — the difference between the purchase price and the loan amount. The size of your down payment affects your loan eligibility, interest rate, monthly EMI, and total interest paid over the loan tenure. This calculator shows how different down payment percentages impact your EMI, total interest cost, and the trade-off between cash outflow now versus monthly outflow over years.
📋 How to Use This Calculator
Enter the total purchase price and your available down payment amount (or percentage). The calculator shows loan amount, monthly EMI at standard interest rates, total interest over the loan tenure, and the effective cost of the asset (purchase price + total interest). Use the comparison tool to see how increasing the down payment by ₹1 lakh affects lifetime interest savings.
💡 Key Facts & Information
RBI LTV (Loan-to-Value) guidelines for home loans: up to ₹30 lakh — maximum 90% LTV (minimum 10% down payment). ₹30–75 lakh — maximum 80% LTV (20% down). Above ₹75 lakh — maximum 75% LTV (25% down). Car loans: banks typically finance 80–100% of ex-showroom price. Personal loans: 100% (no down payment, but higher interest rate). Benefits of larger down payment: lower EMI, less total interest, faster equity build-up, higher loan approval probability, sometimes lower interest rate. Trade-off: money used for down payment cannot be invested — opportunity cost at 10–12% equity returns should be considered vs 8–9% home loan interest (especially with tax deductions).