How much home loan can I get on my salary?

Banks typically approve a home loan where EMI is 40-50% of your net monthly income. Use the eligibility calculator section — enter your monthly income to see the maximum loan amount.

Should I make prepayments on my home loan?

Yes! Even small monthly prepayments can save lakhs in interest and reduce your tenure significantly. Use our prepayment calculator to see the exact savings.

What is the ideal home loan tenure?

A 15-20 year tenure balances affordable EMIs with reasonable total interest. Shorter tenures mean higher EMIs but much less total interest. A 30-year loan can cost nearly double in interest vs. 15 years.

How does down payment affect my EMI?

A larger down payment reduces your loan principal, which lowers both your monthly EMI and total interest. Most banks require a minimum 10-20% down payment for home loans.

What is a processing fee?

Banks charge a one-time processing fee of 0.25% to 1% of the loan amount to cover administrative costs. This is typically paid upfront and is non-refundable.

Home Loan EMI Calculator

See your exact home loan EMI, total interest cost, and how much prepayments can save you.

Property Value₹50,00,000

Down Payment (%)20% = ₹10,00,000

Interest Rate (% p.a.)8.5%

Loan Tenure (years)20 yr

Processing Fee (%)1% = ₹40,000

Monthly Prepayment₹0

Monthly EMI

₹34,713

Loan Amount

₹40,00,000

Total Interest

₹43,31,103

Total Payment

₹83,31,103

Processing Fee

₹40,000

Principal 48.0%Interest 52.0%

Loan Eligibility Estimator

Your Monthly Income

Rate Comparison

7.5% EMI: ₹32,224Total: ₹77,33,695

8.0% EMI: ₹33,458Total: ₹80,29,825

8.5% (current)EMI: ₹34,713Total: ₹83,31,103

9.0% EMI: ₹35,989Total: ₹86,37,369

9.5% EMI: ₹37,285Total: ₹89,48,459

* EMI calculations are indicative. Actual EMI may vary based on the lender's terms, processing fees, and applicable charges. Interest rates are subject to change. Consult your bank for exact figures.

Home Loan EMI Calculator का उपयोग कैसे करें

1
Enter the property value and your down payment percentage.
2
Set the home loan interest rate (check your bank's current rate).
3
Choose the loan tenure in years (5-30 years).
4
Optionally add processing fee and monthly prepayment amount.
5
View your monthly EMI, total payment, and interest breakdown.
6
Check the amortization schedule for year-by-year details.
7
Use the eligibility estimator to verify your loan capacity.

Home Loan EMI Calculator के बारे में

Here's a number that might shock you: on a ₹40 lakh home loan at 8.5% for 20 years, you'll pay about ₹41 lakh in interest alone — more than the loan itself. That's the hidden cost of a home loan, and this home loan EMI calculator makes sure you see it before you sign.

The prepayment trick most people miss

Even a small monthly prepayment of ₹5,000 on that ₹40 lakh loan can save you ₹8-10 lakh in interest and cut your tenure by 4-5 years. The calculator has a dedicated prepayment field — play with it and watch the interest savings add up. It's often smarter to prepay your home loan than to invest that money elsewhere (especially if your post-tax investment return is lower than your loan rate).

What this calculator covers

EMI based on property value, down payment, rate, and tenure
Processing fee estimation (typically 0.25-1% of loan amount)
Year-by-year amortization — see how the principal vs. interest ratio shifts over time
Rate comparison showing your EMI at ±0.5% and ±1% rate changes
Loan eligibility estimator — enter your monthly income to see what banks might approve

Quick reference

Indian home loan rates currently range from about 8.25% to 9.5% depending on the lender, your credit score, loan amount, and property type. SBI and LIC HFL tend to be competitive for salaried borrowers. The general rule of thumb: your EMI shouldn't exceed 40% of your net monthly income — banks use this as a rough eligibility check.