Home Loan EMI Calculator
Calculate monthly EMI, total interest and cost of your home loan.
Results are estimates. Actual EMI may vary by lender.
Buying a home is the largest financial decision most Indians make in their lifetime. A home loan EMI calculator helps you understand exactly how much your monthly repayment will be, how much of it goes towards interest versus principal, and the total cost of your home over the loan tenure — enabling smarter decisions before you visit the bank.
📋 How to Use This Calculator
Enter the loan amount you plan to borrow (typically 75–90% of the property value, as Indian banks require 10–25% down payment under LTV norms), the annual interest rate from your lender, and the loan tenure up to 30 years. The calculator shows your monthly EMI, total interest payable, and total repayment. Try different combinations — for instance, compare a 20-year vs 15-year tenure to see exactly how much interest you save by paying slightly more each month.
💡 Key Facts & Information
Home loan interest rates in India (as of 2025) range from 8.40% to 9.50% p.a. for most public and private sector banks. SBI, HDFC, ICICI, and Axis Bank are among the largest home loan lenders. Under Section 24(b) of the Income Tax Act, you can claim a deduction of up to ₹2 lakh per year on home loan interest under the old tax regime. Under Section 80C, principal repayment qualifies for up to ₹1.5 lakh deduction. Home loans above ₹75 lakh require a minimum 25% down payment as per RBI guidelines. Women borrowers often get 0.05–0.10% lower interest rates from many lenders, which over 20 years can save several lakhs.