Home Loan EMI Calculator
Calculate your monthly EMI instantly. Adjust loan amount, interest rate, and tenure to find the perfect plan for your dream home.
🧮 Calculate Your EMI
💡 Ready to apply for this loan?
Your EMI is ₹40,280/month. Our experts will help you get the best rate.
📊 Repayment Schedule
| Year | Principal | Interest | EMI Paid | Balance |
|---|
| Month | Principal | Interest | EMI | Balance |
|---|
Showing first 12 months. Principal portion increases each month as balance reduces.
💡 Smart Home Loan Tips
Check Your CIBIL Score First
A CIBIL score above 750 gets you interest rates 0.25–0.5% lower — saving lakhs over the loan tenure. Check your score for free at CIBIL.com before applying.
Compare At Least 3–5 Lenders
Interest rates vary significantly across banks. SBI, HDFC, ICICI, and Bajaj Finserv all offer different rates. Even a 0.1% difference on ₹50L saves over ₹70,000.
Shorter Tenure = Less Interest
A 15-year loan costs far less interest than a 20-year loan, even though EMIs are higher. Use the calculator above to see the difference.
Keep EMI Below 40% of Income
Lenders prefer your total EMI obligations (all loans) to be below 40–50% of your monthly income. This improves approval chances and prevents financial stress.
Make Regular Pre-payments
Even one extra EMI per year can reduce your 20-year loan to 17 years. Most lenders allow pre-payment without penalty after 6 months.
Construction-Linked Plan is Safer
For under-construction projects, opt for a construction-linked payment plan rather than a time-linked plan. You pay interest only on the amount disbursed.
Claim Tax Benefits
Under Section 80C, principal repayment (up to ₹1.5L/year) is tax deductible. Under Section 24, interest paid (up to ₹2L/year) is also deductible.
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