Home Loan EMI Calculator
Plan your home loan in one place: the EMI and full schedule, how much prepayments and rate changes matter, the most you can borrow on a property, the tax you save and the loan your income supports.
At a glance
- Example: a ₹50 lakh loan at 8.5% for 20 years has an EMI of ₹43,391 and total interest of ₹54,13,879 – more than the loan itself.
- Prepayments: an extra ₹1 lakh once a year on that loan saves ₹18.55 lakh of interest and closes it 6 years sooner; ₹5,000 more every month saves ₹13.89 lakh.
- Choose whether a prepayment shortens the tenure or lowers the EMI, and add one-time prepayments such as a bonus.
- Floating rates: a rise from 8.5% to 9.5% after 3 years keeps the EMI but adds 3 years 3 months and ₹16.9 lakh of interest – or raises the EMI to ₹46,265 to finish on time.
- Checks RBI’s loan-to-value limits – 90% for loans up to ₹30 lakh, 80% up to ₹75 lakh, 75% above – and shows the largest loan the property allows.
- Tax benefit (old regime): interest up to ₹2 lakh and principal within ₹1.5 lakh of 80C a year, per co-owner borrower – ₹93,448 saved in year 1 at the 30% slab. The new regime gives none for a self-occupied home.
- Eligibility from income and other EMIs, a year-by-year schedule with prepayments and a CSV download. Nothing you enter leaves your browser.
Step by step
How to calculate your home loan EMI
- 1
Enter the price and loan
Type the property price and the loan amount; the share of the price and RBI’s limit appear below.
- 2
Set the rate and tenure
Enter the interest rate and choose a tenure from 10 to 30 years, and the processing fee if any.
- 3
Add prepayments
Add an extra amount every month or year, or one-time prepayments, and choose whether they shorten the tenure or lower the EMI.
- 4
Try a rate change
Switch on See a rate change to see a floating rate move after a few years.
- 5
Check tax and eligibility
Pick your regime and slab for the tax saved, and enter your income to see the loan it supports.
Features
Everything you need, nothing you don’t
More than an EMI
Loan, rate, tenure and processing fee give the EMI, the APR with the fee and the full repayment schedule.
Prepayment planner
Monthly, yearly and one-time prepayments together, with the interest saved and the years cut – the best lever most borrowers have.
Rates that move
Most home loans float with the repo rate. See what a change does to the tenure or the EMI.
Within RBI limits
The loan is checked against the loan-to-value ceilings, with the largest loan the price allows one tap away.
Tax saved, year by year
Interest and principal deductions are capped exactly, doubled for two co-owner borrowers, and priced at your slab plus cess.
Borrow what you can repay
Enter your income and other EMIs to see the loan lenders are likely to offer.
EMI on ₹50 lakh at 8.5% by tenure
Going from 20 to 30 years lowers the EMI by under ₹5,000 but adds over ₹34 lakh of interest. A longer tenure with regular prepayments keeps the EMI flexible while still cutting the cost.
| Tenure | EMI | Total interest |
|---|---|---|
| 10 years | ₹61,993 | ₹24,39,141 |
| 15 years | ₹49,237 | ₹38,62,656 |
| 20 years | ₹43,391 | ₹54,13,879 |
| 25 years | ₹40,261 | ₹70,78,406 |
| 30 years | ₹38,446 | ₹88,40,443 |
Reduce the EMI or the tenure?
When you prepay, lenders usually let you keep the EMI and finish sooner, or keep the end date and pay a smaller EMI. Shortening the tenure saves far more interest, because the whole EMI keeps working against a smaller balance. Lowering the EMI makes sense when you need breathing space in the monthly budget.
Under RBI’s pre-payment directions, floating-rate loans to individuals for non-business purposes sanctioned or renewed from 1 January 2026 cannot carry pre-payment charges, whatever the source of the money.
RBI loan-to-value limits
The rest is your down payment (margin). Stamp duty and registration are usually not counted in the property value for this, so plan for them separately.
| Loan amount | Largest loan as a share of the property value |
|---|---|
| Up to ₹30 lakh | 90% |
| Above ₹30 lakh up to ₹75 lakh | 80% |
| Above ₹75 lakh | 75% |
Home loan tax benefits
Each co-owner who also pays the EMIs can claim up to the limits separately. The Income-tax Act, 2025, in force from 1 April 2026, keeps these deductions under new section numbers.
| Deduction | Old regime | New regime |
|---|---|---|
| Interest, self-occupied home (section 24(b)) | up to ₹2 lakh a year | not allowed |
| Principal repaid (section 80C) | within the ₹1.5 lakh 80C limit | not allowed |
| Interest, let-out home | against the rent; a loss up to ₹2 lakh can reduce other income | against that home’s rent only |
FAQ
Frequently asked questions
How is home loan EMI calculated?
Is it better to prepay or invest?
Should I reduce my EMI or tenure after prepaying?
How much home loan can I get on my salary?
Can I claim home loan benefits in the new tax regime?
What happens when the repo rate changes?
Keep going
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