₹
%
years
Up to 30 years
%
Usually 0.25–1% for home loans
Monthly EMI
₹0
Fill in the details
Year-wise breakdown
Fill in the details to see the year-wise breakdown.
Calculate the EMI on your home loan, the total interest you will pay, and how your balance falls year by year.
Up to 30 years
Usually 0.25–1% for home loans
Fill in the details to see the year-wise breakdown.
People who use this calculator are ready to borrow. We build websites for DSAs, NBFCs and lenders with calculators like this one that capture applicant details and send them to your WhatsApp.
Example: ₹50 lakh for 20 years at 8.5% gives an EMI of ₹43,391. You repay ₹1.04 crore in total, so interest is ₹54.14 lakh.
| Rate | 15 years | 20 years | 25 years | 30 years |
|---|---|---|---|---|
| 8.0% | ₹956 | ₹836 | ₹772 | ₹734 |
| 8.5% | ₹985 | ₹868 | ₹805 | ₹769 |
| 9.0% | ₹1,014 | ₹900 | ₹839 | ₹805 |
| 9.5% | ₹1,044 | ₹932 | ₹874 | ₹841 |
At 8.5% a year for 20 years:
| Loan amount | Monthly EMI | Total interest |
|---|---|---|
| ₹20 lakh | ₹17,356 | ₹21.66 lakh |
| ₹30 lakh | ₹26,035 | ₹32.48 lakh |
| ₹40 lakh | ₹34,713 | ₹43.31 lakh |
| ₹50 lakh | ₹43,391 | ₹54.14 lakh |
| ₹75 lakh | ₹65,087 | ₹81.21 lakh |
| ₹1 crore | ₹86,782 | ₹1.08 crore |
Over 20 years, the interest on a home loan is usually more than the loan itself. That is why prepayment and a shorter tenure matter so much.
Take a ₹30 lakh loan at 8.5% for 20 years (EMI ₹26,035, total interest ₹32.48 lakh):
| Section | What you can claim | Limit per year |
|---|---|---|
| 80C | Principal repayment, stamp duty and registration (in the year paid) | ₹1.5 lakh (shared with PPF, ELSS, etc.) |
| 24(b) | Interest on a self-occupied home | ₹2 lakh |
| 24(b) | Interest on a let-out home | No cap, but loss set-off limited to ₹2 lakh |
Under the new tax regime, interest on a let-out property is still deductible against its rent, but the self-occupied deductions are not available.
Under the old tax regime: up to ₹1.5 lakh on principal under Section 80C and up to ₹2 lakh on interest for a self-occupied home under Section 24(b). The new regime does not allow these for self-occupied homes.
No. RBI does not allow prepayment penalties on floating-rate home loans taken by individuals.
Most Indian home loans are floating and linked to the repo rate. Fixed rates are usually higher and often reset after a few years.
Banks usually let your total EMIs reach 50–60% of your take-home pay. Try our home loan eligibility calculator for your exact figure.
At 8.5%, about ₹26,035 a month. At 9% it is about ₹26,992.
For floating-rate loans, banks usually keep your EMI the same and change the tenure. You can ask them to change the EMI instead.
These figures are estimates for planning only and are not financial advice. Actual returns, rates and charges depend on your bank, fund or scheme. Check the latest rates before you invest or borrow.