Principal vs interest
Lifetime mortgage repayment
Principal$0
Interest$0
India · INR
Indian home loan EMI calculator.
Estimate EMI, interest and ownership costs using Indian home-loan conventions.
Balance over time
How your remaining principal declines
Amortization schedule
Annual summary including extra payments
| Year | Principal | Interest | Extra payments | Total paid | Ending balance |
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Compare deposit and loan tenure
See how EMI and total interest change across different down payments and tenures.
Interest-rate stress test
See how EMI and total interest could change if the home-loan rate rises.
0%+2.5%+5%
Stressed rate—
Stressed EMI—
Monthly difference—
Additional total interest—
The stressed rate is held constant for comparison. A floating-rate lender may instead change EMI, tenure or both.
Save with prepayments
Add recurring or lump-sum prepayments and estimate interest and tenure savings.
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Total interest saved₹0
Tenure savedNo change
New payoff date—
Balance comparison
Standard EMIWith prepayments
India planning estimate only. LTV guidance, stamp duty, registration, taxes, lender policies, rate resets, processing fees, legal charges, GST and pre-EMI treatment vary.
India home-loan guide
Calculate home loan EMI in India
An EMI is the equated monthly instalment used to repay a home loan. It includes interest on the outstanding balance and a principal component. This India home loan EMI calculator uses a monthly reducing-balance formula and shows the estimated EMI, total interest, total repayment and annual amortisation.
Enter the property price, down payment, loan tenure and annual interest rate. You can also include annual property tax, home insurance, monthly maintenance, estimated stamp duty and registration charges, and optional prepayments.
How Indian home loan EMI is calculated
The loan principal is the property price minus the down payment. The monthly rate is the annual rate divided by 12, and the number of instalments is the tenure in years multiplied by 12. Early EMIs usually contain more interest; the principal share rises as the outstanding balance declines.
A longer tenure lowers the EMI but generally increases total interest. A shorter tenure raises the required EMI and can reduce lifetime interest substantially. Use the tenure comparison rather than selecting a term only from its initial monthly payment.
Floating-rate loan
The rate can reset with the lender’s benchmark and spread. A reset may change EMI, tenure or both, subject to the loan terms and regulatory requirements.
Fixed-rate loan
The rate is fixed for the agreed period or structure. Check whether it is fixed for the full tenure and whether foreclosure or prepayment charges can apply.
Hybrid home loan
A hybrid loan combines fixed and floating periods. Model the current rate here, then use the stress test for a possible later reset.
Pre-EMI
Construction-linked loans may charge interest on amounts disbursed before full EMI begins. This calculator assumes the full loan is disbursed immediately and does not model pre-EMI.
Home loan LTV and down payment
Loan-to-value ratio compares the housing loan with the lender-accepted property value. RBI prudential guidance applies different LTV treatment by lender category, loan amount and risk band; actual margins can be stricter. Stamp duty, registration and documentation charges are generally separate from the property value financed for LTV purposes.
The calculator reports the implied LTV in its policy note but does not treat one percentage as a universal approval limit. Review the applicable lender rules and current RBI housing-loan guidance.
Stamp duty and registration charges
Stamp duty and registration charges vary by state or union territory, property value, location, property type, ownership structure and buyer eligibility. They are usually paid separately from the down payment. Enter current local percentages rather than relying on a national average.
The estimate is added to the policy note for cash-planning purposes but is not included in the EMI or financed loan. Also allow for processing, valuation, legal, documentation, insurance, maintenance and applicable taxes.
Home loan prepayments and rate changes
Prepayments reduce principal earlier, which can shorten the tenure and reduce future interest. The savings section models extra monthly payments, an annual prepayment and a one-time lump sum. Confirm how the lender applies a prepayment and whether it changes EMI or tenure.
RBI rules and the loan contract determine whether prepayment charges may apply. Floating- and fixed-rate treatment can differ, and the purpose and borrower category matter. Obtain the lender’s written terms before relying on a savings result.
Indian home-loan tax treatment
Tax benefits depend on the tax regime, property use, completion conditions, ownership, payment evidence and current law. The Income Tax Department explains that treatment for a self-occupied property differs between the old and new tax regimes. This calculator deliberately shows finance costs before tax rather than assuming a deduction.
Check the current Income Tax Department regime guidance or consult a qualified tax professional.
India home loan EMI questions
What does EMI mean?
EMI means equated monthly instalment: the scheduled monthly amount containing principal and interest.
Does a lower EMI always mean a cheaper home loan?
No. Extending the tenure can lower EMI while increasing total interest substantially.
How does a floating-rate reset affect the loan?
The lender may change EMI, tenure or both according to the contract and applicable rules. Use the stress test to compare a higher constant rate.
Are stamp duty and registration included in EMI?
No. The calculator estimates them separately from editable percentages because they vary locally and are normally paid outside the financed loan.
Can prepayments reduce home-loan interest?
Yes. Reducing principal earlier usually lowers later interest and may shorten tenure. Charges and application rules depend on the loan.
Does this calculator include tax deductions?
No. Eligibility differs by tax regime, property use and current law, so results are shown before tax.