Home Loan EMI Calculator
Find the monthly home-loan EMI, total interest paid, and total outflow. Indian banks fund up to 80–90% LTV at floating rates 7.5–9%.
🇮🇳All amounts in ₹ INR · India tax law · FY 2025–26
Loan inputs
Monthly EMI
₹43,391
Total interest
₹54,13,879
Total payment
₹1,04,13,879
Home loan in India — what to know
- LTV: 90% for loans up to ₹30L, 80% for ₹30L–75L, 75% above ₹75L.
- Rates: floating, EBLR-linked. PSU banks 7.5–8.5%, private 8.5–9.5%.
- Tenure: up to 30 years or age 70, whichever earlier.
- Tax: Section 24(b) — interest up to ₹2L/yr; 80C — principal up to ₹1.5L/yr.
- No prepayment penalty on floating-rate retail home loans (RBI).
Tips to reduce home-loan interest
- Pay 1 extra EMI every year — cuts interest dramatically.
- Top up your prepayment from annual bonus.
- Negotiate spread after 12 EMIs of clean repayment.
- Balance transfer to a cheaper lender if spread > 0.5%.
- Shorter tenure beats lower EMI on total cost.
Each co-borrower can claim ₹2L u/s 24(b) and ₹1.5L u/s 80C — effectively doubling deductions if the property is jointly owned.
Pradhan Mantri Awas Yojana CLSS provides interest subsidy on home loans for EWS/LIG/MIG categories — check current eligibility on official PMAY portal.