Home Loan EMI Calculator - Calculate Housing Loan EMI
Calculate your home loan EMI with live in-table floating rates and custom prepayments. Get monthly payments, total interest outgo, and complete interactive amortization schedules for housing loans.
Calculation Summary
Pradhan Mantri Awas Yojana (PMAY) Subsidy Estimator
Check your eligibility for Credit Linked Subsidy Scheme (CLSS / PMAY-U 2.0) interest subsidy up to ₹2.67 Lakh.
Home Loan Prepayment vs Mutual Fund SIP Arbitrage Simulator
0% RBI Foreclosure • Post-Tax Equity AlphaShould you prepay your floating home loan to save interest or invest your surplus in equity mutual funds via SIP? Compare guaranteed interest savings under RBI zero foreclosure penalty rules against Budget 2024–2026 post-tax LTCG returns.
Accelerated Prepayment Strategy Matrix
Compare the 3 most potent Indian home loan prepayment strategies against regular 20-year amortization.
| Prepayment Strategy | New Payoff Tenure | Tenure Slashed | Total Interest | Interest Saved | Total Outflow |
|---|
FOIR (Fixed Obligation to Income Ratio) & Bank Eligibility Gauge
Check if your proposed home loan EMI passes the RBI and Indian banking benchmark 40%–50% FOIR threshold.
Visualizations
Payment Breakdown
Balance Over Time
Monthly Breakdown
Cumulative View
Amortization Schedule
About Home Loan EMI Calculator & Indian Bank Rates (2026)
EMICalcPro's Home Loan EMI Calculator provides immediate, verified monthly amortization calculations tailored to Indian banking standards. Whether you are financing a ready-to-move apartment, purchasing an under-construction flat, or transferring an existing home loan balance, calculate your exact EMI, total interest liability, and payoff date instantly.
Home Loan EMI Quick Reference Table (At 8.50% Benchmark ROI)
Pre-computed monthly EMI and total interest outgo across standard Indian housing loan amounts (₹30 Lakh, ₹50 Lakh, ₹75 Lakh, ₹1 Crore) from 10 to 30 years:
| Loan Amount (Principal) | 10 Years (120 Mo) | 15 Years (180 Mo) | 20 Years (240 Mo) | 25 Years (300 Mo) | 30 Years (360 Mo) |
|---|---|---|---|---|---|
| ₹20 Lakh (₹20,00,000) | ₹24,797/mo Int: ₹9.76L |
₹19,695/mo Int: ₹15.45L |
₹17,356/mo Int: ₹21.66L |
₹16,105/mo Int: ₹28.31L |
₹15,378/mo Int: ₹35.36L |
| ₹28 Lakh (₹28,00,000) | ₹34,716/mo Int: ₹13.66L |
₹27,573/mo Int: ₹21.63L |
₹24,299/mo Int: ₹30.32L |
₹22,546/mo Int: ₹39.64L |
₹21,530/mo Int: ₹49.51L |
| ₹30 Lakh (₹30,00,000) | ₹37,196/mo Int: ₹14.64L |
₹29,542/mo Int: ₹23.18L |
₹26,035/mo Int: ₹32.48L |
₹24,157/mo Int: ₹42.47L |
₹23,067/mo Int: ₹53.04L |
| ₹35 Lakh (₹35,00,000) | ₹43,395/mo Int: ₹17.07L |
₹34,466/mo Int: ₹27.04L |
₹30,374/mo Int: ₹37.90L |
₹28,183/mo Int: ₹49.55L |
₹26,912/mo Int: ₹61.88L |
| ₹38 Lakh (₹38,00,000) | ₹47,115/mo Int: ₹18.54L |
₹37,420/mo Int: ₹29.36L |
₹32,977/mo Int: ₹41.15L |
₹30,599/mo Int: ₹53.80L |
₹29,219/mo Int: ₹67.19L |
| ₹45 Lakh (₹45,00,000) | ₹55,794/mo Int: ₹21.95L |
₹44,313/mo Int: ₹34.76L |
₹39,052/mo Int: ₹48.72L |
₹36,235/mo Int: ₹63.71L |
₹34,601/mo Int: ₹79.57L |
| ₹50 Lakh (₹50,00,000) | ₹61,993/mo Int: ₹24.39L |
₹49,237/mo Int: ₹38.63L |
₹43,391/mo Int: ₹54.14L |
₹40,261/mo Int: ₹70.78L |
₹38,446/mo Int: ₹88.41L |
| ₹75 Lakh (₹75,00,000) | ₹92,989/mo Int: ₹36.59L |
₹73,855/mo Int: ₹57.94L |
₹65,087/mo Int: ₹81.21L |
₹60,392/mo Int: ₹1.06 Cr |
₹57,669/mo Int: ₹1.33 Cr |
| ₹1 Crore (₹1,00,00,000) | ₹1,23,986/mo Int: ₹48.78L |
₹98,474/mo Int: ₹77.25L |
₹86,782/mo Int: ₹1.08 Cr |
₹80,523/mo Int: ₹1.42 Cr |
₹76,891/mo Int: ₹1.77 Cr |
| ₹1.5 Crore (₹1,50,00,000) | ₹1,85,979/mo Int: ₹73.18L |
₹1,47,711/mo Int: ₹1.16 Cr |
₹1,30,173/mo Int: ₹1.62 Cr |
₹1,20,784/mo Int: ₹2.12 Cr |
₹1,15,337/mo Int: ₹2.65 Cr |
Compare Top Indian Bank Home Loan Rates (2026)
| Bank / Lending Institution | Indicative Floating ROI (% p.a.) | Max Tenure | Processing Fees | Prepayment Penalty |
|---|---|---|---|---|
| State Bank of India (SBI) | 8.50% - 9.25% | 30 Years | 0.17% - 0.35% (Max ₹10,000 + GST) | 0% (Nil) |
| HDFC Bank | 8.70% - 9.40% | 30 Years | Up to 0.50% (Max ₹3,000 - ₹5,000 + GST) | 0% (Nil) |
| ICICI Bank | 8.75% - 9.50% | 30 Years | 0.50% (Min ₹3,000 + GST) | 0% (Nil) |
| Punjab National Bank (PNB) | 8.60% - 9.30% | 30 Years | 0.35% (Max ₹15,000 + GST) | 0% (Nil) |
| Bank of Baroda (BOB) | 8.60% - 9.40% | 30 Years | Nil to 0.25% (Special campaigns) | 0% (Nil) |
| Bank of Maharashtra | 8.35% - 9.15% | 30 Years | Nil / 0.15% (Maha Super Housing) | 0% (Nil) |
| Bank of India (BOI) | 8.40% - 9.25% | 30 Years | Up to 0.25% (Star Home Loan) | 0% (Nil) |
| Axis Bank | 8.65% - 9.35% | 30 Years | Up to 1% (Min ₹10,000 + GST) | 0% (Nil) |
Home Loan Interest in New Tax Regime vs Old Tax Regime
A common question in 2026 is: Can I claim home loan interest deduction under the New Tax Regime? The answer is: No for self-occupied properties. Section 24(b) (up to ₹2,00,000 interest deduction) and Section 80C (up to ₹1,50,000 principal deduction) are exclusively available under the Old Tax Regime. Under the New Tax Regime, no deduction is permitted for self-occupied homes, but for let-out (rented) properties, interest can be deducted up to the net annual rental value.
RBI Prepayment & Foreclosure Rules
As per Reserve Bank of India (RBI) circulars, banks and HFCs cannot levy any foreclosure or part-prepayment charges on floating-rate individual home loans. Paying even 1 extra EMI every year can shave 4 to 6 years off a 20-year loan!
Frequently Asked Questions (अक्सर पूछे जाने वाले सवाल)
10 lakh ka home loan lene par kitni emi aayegi?
8.50% interest rate par ₹10,00,000 ka home loan lene par 20 saal (240 mahine) ke tenure par monthly EMI ₹8,678 aayegi. Yadi aap 15 saal ka tenure chunte hain toh EMI ₹9,847/mahina aur 10 saal ke liye ₹12,399/mahina banegi.
25 lakh aur 30 lakh ke home loan par kitni emi banti hai?
8.50% benchmark rate par 20 saal ke liye ₹25 lakh loan ki EMI ₹21,695/mahina aati hai (kul byaj: ₹27.08 lakh). Wahi ₹30 lakh home loan ki 20 saal ki EMI ₹26,035/mahina banti hai (kul byaj: ₹32.48 lakh).
45 lakh and 65 lakh home loan emi for 20 years kitni hogi?
At an 8.50% standard home loan interest rate for a 20-year tenure (240 months): a ₹45 Lakh home loan requires a monthly EMI of ₹39,052/month (total interest: ₹48.72 Lakh). A ₹65 Lakh home loan results in an EMI of ₹56,408/month (total interest: ₹70.38 Lakh).
NRI Home Loan Eligibility & FOIR Calculator Rules: How much can NRIs borrow?
Under RBI and FEMA regulations, Non-Resident Indians (NRIs) can secure home loans up to 80%–85% of property value with tenures up to 20–30 years. Banks (such as SBI, HDFC, and ICICI) enforce a Fixed Obligation to Income Ratio (FOIR) between 45% and 55% of net foreign remittance income. Monthly EMIs must be serviced via an NRE or NRO savings bank account in Indian Rupees (INR).
What is a home loan EMI and how is it calculated?
Home loan EMI (Equated Monthly Installment) is the fixed monthly payment you make towards repaying your housing loan. It consists of both principal and interest components calculated using the standard formula: EMI = [P x r x (1+r)^n] / [(1+r)^n - 1].
What is the current home loan interest rate in India (2026)?
Current home loan interest rates for borrowers with a 750+ CIBIL score start from 8.50% at SBI, 8.70% at HDFC Bank, 8.75% at ICICI Bank, and 8.60% at Bank of Baroda and PNB.
How much home loan can I get?
The loan amount depends on your income, credit score, existing debts, and the property value. Typically, banks finance up to 75% - 90% of property cost, keeping your total EMIs within 50% of monthly net income.
What is the ideal home loan tenure?
Most Indian borrowers choose 20 years (240 months) to balance affordable EMIs with manageable interest outgo. With zero prepayment penalty, you can keep your mandatory monthly commitment low while prepaying chunks to close the loan early.
Can I claim home loan interest deduction under the New Tax Regime?
Under the New Tax Regime (Section 115BAC), deductions under Section 24(b) (up to ₹2 Lakh for self-occupied home loan interest) and Section 80C (up to ₹1.5 Lakh principal repayment) are not allowed. However, if the property is rented out (let-out), interest deduction is permitted up to the net annual rental income.