Free Tool · Home Loan Calculator
Loan details
Monthly instalment (EMI)
for 240 months at 8.5% p.a.
Principal vs. interest
Amortization details
Tap a year to see the month-by-month split
Figures are indicative and depend on the lender's exact terms. EMI = P·r·(1+r)ⁿ ÷ ((1+r)ⁿ−1)
EMI is calculated using the formula EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the tenure in months. This calculator applies that formula automatically as you adjust the sliders above.
Lenders in India typically finance 75-90% of a property's value depending on the loan amount, so you'll usually need to arrange the remaining 10-25% yourself as a down payment.
Yes — spreading the same loan amount over more years lowers each monthly payment. The trade-off is more total interest paid over the life of the loan, which you can see reflected in the amortization details above.
In India, borrowers can typically claim deductions on principal repayment under Section 80C and on interest paid under Section 24b, subject to applicable limits. Speak to a tax advisor for guidance specific to your situation.