Home Loan Calculator
Calculate EMI for your home loan or housing loan. Plan your dream home purchase with accurate monthly payment estimates.
Results
Loan Amount
₹0
Monthly EMI
₹0
Total Interest
₹0
Total Payment
₹0
How to Use Home Loan Calculator
- 1
Enter the property value
- 2
Input your down payment amount
- 3
Specify the interest rate and tenure
- 4
View your EMI and total payment details
Home Loan Calculator Formula
Loan Amount = Property Value - Down Payment; EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]Example Calculation
Input Values
Property Value
₹50,00,000
Down Payment
₹10,00,000
Interest Rate (Annual)
8.5 %
Loan Tenure
20 years
Results
Loan Amount
₹40,00,000
Monthly EMI
₹34,712
Total Interest
₹43,30,880
Total Payment
₹83,30,880
Frequently Asked Questions
What is the minimum down payment for home loan?
Banks typically require 10-20% down payment. For loans above ₹75 lakhs, the minimum is usually 20%.
Can I get tax benefits on home loan?
Yes, principal repayment up to ₹1.5 lakh under 80C and interest up to ₹2 lakh under Section 24(b) are tax deductible.
What is the maximum home loan tenure?
Most banks offer up to 30 years tenure, but the loan must be repaid before retirement age (usually 60-65 years).