Planning tools
Home loan EMI calculator
Work out your monthly instalment, total interest and total cost before you start visiting properties.
Your monthly EMI
—
- Loan amount
- Total interest
- Total payable
Indicative only. Actual EMI depends on your bank’s rate and fees.
Frequently asked questions
How is home loan EMI calculated?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments.
How much down payment do I need?
Banks in India usually lend 75–90% of the property value depending on the loan amount, so plan for at least 10–25% as down payment, plus stamp duty, registration and other charges.
Does a longer tenure reduce my EMI?
Yes, a longer tenure lowers the monthly EMI, but you pay more interest in total. Use the calculator to compare tenures before deciding.
Personal advice
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