Home Loan EMI Calculator
Instantly calculate your monthly EMI, total interest payable, and see how your loan breaks down over time.
Loan Details
₹80 L
₹10 L₹10 Cr
20%
10%50%
8.75%
6%15%
20 Years
1 yr30 yrs
Loan Amount
₹64 L
Home Price minus Down Payment
Monthly EMI
₹56,322
per month for 20 years
Principal
₹64 L
Total Interest
₹71.2 L
Total Payment
₹1.35 Cr
Principal vs Interest
Principal 47%
Interest 53%
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Talk to a Loan Expert on WhatsAppFrequently Asked Questions
How is home loan EMI calculated? +
EMI = P × r × (1+r)^n ÷ ((1+r)^n – 1), where P = principal, r = monthly rate (annual rate ÷ 12 ÷ 100), and n = tenure in months. This calculator runs that formula live as you move the sliders.
What is a good home loan rate in India in 2026? +
Rates in 2026 range from 8.5% to 9.5% p.a. SBI, HDFC, ICICI, and Axis Bank are most competitive. A CIBIL score above 750 unlocks the lowest rates. Floating rates are generally lower than fixed but carry interest-rate risk.
How much loan can I get on my salary? +
Banks typically lend up to 60× your net monthly salary. A ₹1 lakh/month salary qualifies for roughly ₹60–70 L. Your existing EMIs are deducted — lenders keep total EMI burden below 50% of income. Our agents can help you compare pre-approval offers from 10+ banks.
Should I choose a 20-year or 30-year tenure? +
A longer tenure reduces your monthly EMI but significantly increases total interest paid. Use the slider above to compare — you'll see that 30 years can cost 30–40% more in interest than 20 years on the same loan. Choose the shortest tenure your budget comfortably allows.