Calculate your housing loan EMI
Monthly EMI
₹21,695.58
Principal
₹25,00,000
48.0%
Interest
₹27,06,939
52.0%
Total Payment
₹52,06,939
Total
₹52,06,939
48.0%
52.0%
| Year | Principal | Interest | Total Payment | Balance |
|---|---|---|---|---|
| Year 1 | ₹49,756 | ₹2,10,591 | ₹2,60,347 | ₹24,50,244 |
| Year 2 | ₹54,154 | ₹2,06,193 | ₹2,60,347 | ₹23,96,091 |
| Year 3 | ₹58,940 | ₹2,01,407 | ₹2,60,347 | ₹23,37,150 |
| Year 4 | ₹64,150 | ₹1,96,197 | ₹2,60,347 | ₹22,73,000 |
| Year 5 | ₹69,820 | ₹1,90,527 | ₹2,60,347 | ₹22,03,180 |
| Year 6 | ₹75,992 | ₹1,84,355 | ₹2,60,347 | ₹21,27,188 |
| Year 7 | ₹82,709 | ₹1,77,638 | ₹2,60,347 | ₹20,44,479 |
| Year 8 | ₹90,020 | ₹1,70,327 | ₹2,60,347 | ₹19,54,459 |
| Year 9 | ₹97,977 | ₹1,62,370 | ₹2,60,347 | ₹18,56,482 |
| Year 10 | ₹1,06,637 | ₹1,53,710 | ₹2,60,347 | ₹17,49,846 |
| Year 11 | ₹1,16,063 | ₹1,44,284 | ₹2,60,347 | ₹16,33,783 |
| Year 12 | ₹1,26,321 | ₹1,34,026 | ₹2,60,347 | ₹15,07,462 |
| Year 13 | ₹1,37,487 | ₹1,22,860 | ₹2,60,347 | ₹13,69,974 |
| Year 14 | ₹1,49,640 | ₹1,10,707 | ₹2,60,347 | ₹12,20,335 |
| Year 15 | ₹1,62,866 | ₹97,480 | ₹2,60,347 | ₹10,57,468 |
| Year 16 | ₹1,77,262 | ₹83,085 | ₹2,60,347 | ₹8,80,206 |
| Year 17 | ₹1,92,931 | ₹67,416 | ₹2,60,347 | ₹6,87,275 |
| Year 18 | ₹2,09,984 | ₹50,363 | ₹2,60,347 | ₹4,77,291 |
| Year 19 | ₹2,28,545 | ₹31,802 | ₹2,60,347 | ₹2,48,746 |
| Year 20 | ₹2,48,746 | ₹11,601 | ₹2,60,347 | ₹0 |
| Total | ₹25,00,000 | ₹27,06,939 | ₹52,06,939 | - |
Planning to buy your dream home? Use our Home Loan Calculator to instantly estimate your monthly EMI and make informed financial decisions.
A Home Loan is a financial product that helps you purchase a house, apartment, or plot of land. The loan is provided by banks and financial institutions at a specific interest rate, which you repay in the form of Equated Monthly Installments (EMIs) over a predetermined tenure.
Home loans typically cover up to 80-90% of the property value, requiring you to pay the remaining amount as a down payment. The loan amount, interest rate, and tenure are the key factors that determine your monthly EMI and total interest outgo.
Your Home Loan EMI depends on three main factors:
Your Home Loan EMI is calculated using the following formula:
EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ - 1)
For buying a new or existing house, apartment, or flat
For constructing a house on owned land
For extending or adding floors to existing property
Transfer your existing home loan to another lender for better rates
Input the home loan amount you need (₹1 Lakh to ₹10 Crore)
Enter the interest rate offered by your bank (typically 6.5% - 10%)
Select your preferred repayment period (5-30 years)
View your monthly EMI, total interest, and download amortization schedule
Research and compare home loan rates from different banks before finalizing
Longer tenure reduces your monthly EMI burden
Pay extra towards principal to reduce interest burden
Transfer to a lender offering lower interest rates
Most banks offer home loans starting from ₹1 lakh with no upper limit, depending on your eligibility and property value.
Home loan interest rates typically range from 6.5% to 10% p.a. depending on the lender, your credit score, and loan tenure.
Most banks finance up to 80-90% of the property value. You need to pay the remaining amount as down payment.
Home loans in India can be availed for tenure ranging from 5 years to 30 years, depending on your age and repayment capacity.
Eligibility is calculated based on your income, age, credit score, existing obligations, and the property value. Banks typically allow EMI up to 40-50% of your net income.
Yes, most banks allow prepayment of home loan without any penalty for floating rate loans. For fixed rate loans, a small prepayment charge may apply.
Fixed rate keeps your EMI constant throughout the loan tenure, while floating rate changes with market conditions, affecting your EMI.
You can reduce interest by maintaining a good credit score, comparing rates across banks, opting for shorter tenure, and making regular prepayments.
Use our free Home Loan Calculator to plan your housing loan. Compare different loan options, understand your EMI commitment, and make an informed decision.