Calculate your home loan monthly EMI, total interest payable, and amortization schedule instantly. Plan your home purchase with confidence using India's most accurate free EMI calculator.
| Loan Amount | Tenure | Rate | Monthly EMI | Total Interest |
|---|---|---|---|---|
| ₹30 Lakh | 20 years | 8.5% | ₹26,035 | ₹32.5 Lakh |
| ₹50 Lakh | 20 years | 8.5% | ₹43,391 | ₹54.1 Lakh |
| ₹75 Lakh | 25 years | 8.75% | ₹61,825 | ₹1.1 Crore |
| ₹1 Crore | 30 years | 9% | ₹80,462 | ₹1.9 Crore |
Indicative values. Use the calculator for exact amounts based on your loan details.
Up to ₹2 Lakh
Annual deduction on home loan interest for self-occupied property
Up to ₹1.5 Lakh
Annual deduction on principal repayment (combined with other 80C)
Note: These deductions are only available under the old tax regime. The new tax regime does not allow home loan interest deduction (except for let-out property under section 71).
A home loan is likely the largest financial commitment of your life. The EMI you pay each month depends on three factors: the loan amount, the interest rate, and the loan tenure. Understanding how these interact helps you make a smarter home buying decision.
For a ₹50 lakh loan over 20 years, a 1% difference in interest rate changes your EMI by approximately ₹3,300/month and total interest by ₹8 lakh. Always compare rates across at least 3-4 lenders before finalizing. Even 0.25% better rate matters significantly over a 20-year loan.
Making partial prepayments whenever you have surplus funds (bonus, maturity proceeds) is the most effective way to reduce total interest. Even ₹1 lakh extra payment in year 3 of a ₹50 lakh loan can save ₹2-3 lakh in interest and reduce tenure by 1-2 years. Our EMI calculator helps you visualize the impact of prepayments.