Home loan EMI calculator

The full property price includes the value of the home being purchased; your down payment is money you contribute yourself. Enter ₹80 lakh for property price and ₹16 lakh for your contribution to model a ₹64 lakh borrowing requirement. The calculator displays the proportion funded by the loan as an LTV ratio.

The amount the lender sanctions may differ because a bank can use its property valuation, eligibility rules and policies about registration charges. The estimate does not mean an 80% LTV loan will automatically be approved.

EMI means Equated Monthly Instalment. With a constant annual nominal rate, every monthly payment contains both interest on the remaining loan balance and a principal repayment. Interest decreases over time as the balance falls; principal repayment generally increases.

The formula uses the nominal annual rate divided by twelve. An advertised floating rate can reset, potentially changing the EMI, the remaining tenure or both. A fixed EMI in our result is a scenario, not a promise that your bank will preserve the same amount.

Start with the example ₹64 lakh principal and 20 years at an illustrative annual 8.25%. Note the monthly EMI and total interest. Keeping the same principal and rate, lower the repayment term to 15 years; notice the higher monthly payment and lower total interest.

Then restore 20 years and increase your down payment while keeping the property price constant. The difference shows how your own funds can reduce borrowing costs. Compare loan fees, floating-rate terms and prepayment options with actual lender documents before deciding.

Stamp duty, registration, GST on certain services, legal checks, interiors, maintenance, municipal tax, insurance and moving costs do not automatically become part of mortgage EMI. Add regular housing bills only if you intentionally use the optional monthly cost field; it does not finance them.

Home loan tax deductions and eligibility depend on your circumstances and relevant tax regime. This calculator does not determine lender eligibility, income-based affordability, credit score, PMAY benefits or allowable deductions.