🏠 Loan Calculator

Home Loan EMI
Calculator

Calculate your home loan EMI, total interest payable, and complete amortization details. Plan your dream home purchase with accurate numbers.

8–9%Current home loan rates

20 yrsTypical home loan tenure

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Home Loan EMI Calculator

EMI & interest estimator

Loan Amount (₹)

Interest Rate (% p.a.)

5%8.5%20%

Loan Tenure (Years)

1yr20 yrs30yrs

Monthly EMI

₹0

Total Payment

₹0

Total Interest

₹0

Principal Amount

₹0

Interest %

EMI Formula

Standard EMI Formula

EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ − 1] P = Loan amount | r = Monthly interest rate | n = Total months

What is the current home loan interest rate?▼

Home loan rates range from 8–10% p.a. depending on the lender, loan amount, and credit score. Public banks typically offer lower rates.

Can I prepay my home loan?▼

Yes. Partial or full prepayment reduces the outstanding principal and saves substantial interest, especially in the early years of the loan.

Is home loan interest tax deductible?▼

Under Section 24(b), you can claim up to ₹2 lakh deduction on home loan interest for a self-occupied property under the old tax regime.

What is the minimum down payment for a home loan?▼

RBI mandates a minimum 10–25% margin (LTV ratio). For loans above ₹75 lakh, the margin is 25%.