Home Loan EMI Calculator
Calculate your monthly EMI, total interest, and understand your home loan amortization schedule.
Select Loan Type
Monthly EMI
₹0
Total Interest Payable
₹0
Total Payment
₹0
Loan Summary
Loan Amortization Schedule
Principal/Interest Ratio
With Prepayment
₹0 Saved
Interest saved with prepayment
Loan Tenure
20 years
With prepayment
Yearly Amortization Schedule
| Year | EMI | Principal | Interest | Balance | Principal Paid |
|---|
Interest Rate Comparison
SBI
8.40%
vs 8.50%
HDFC
8.35%
vs 8.50%
ICICI
8.45%
vs 8.50%
Your Savings
₹0
if rate 0.1% lower
First Year Monthly Breakdown
| Month | EMI | Principal | Interest | Balance |
|---|
Tax Benefits (Section 80C & 24)
Features of Home Loans
Own Your Home
Fulfill your dream of owning a house
Competitive Rates
Interest rates starting from 8.35% p.a.
Long Tenure
Repayment up to 30 years available
Tax Benefits
Save tax on principal & interest
Understanding Your EMI
Principal
The actual loan amount you borrow
Interest
Cost of borrowing, calculated on outstanding balance
EMI Formula
EMI = P × r × (1+r)^n/((1+r)^n-1)
Note: In initial years, a larger portion of EMI goes towards interest.
Smart Home Loan Strategies
Make Prepayments
Even small prepayments can save significant interest and reduce tenure
Compare & Negotiate
Compare rates across banks and negotiate for better terms
Balance Transfer
Transfer to lower rate lenders to reduce interest burden
Increase EMI Annually
Increase EMI by 5-10% annually with salary hikes to close loan faster
