Home Loan Calculator

Calculate EMI, interest, and repayment schedule for home loans

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Loan Details
₹
₹1 L ₹5 Cr
%
10% 90%
Down Payment Amount: ₹10,00,000
₹
%
5% 15%
Years
5 Years 30 Years
Loan Summary
₹0
Monthly EMI
₹0
Total Interest
₹0
Total Payment
0%
Interest % of Total

Amortization Schedule (First 12 Months)

Month EMI Principal Interest Balance
Calculate to see amortization schedule
Home Loan Information

EMI Formula

EMI = [P × r × (1+r)ⁿ] / [(1+r)ⁿ - 1]
Where:
P = Loan Amount
r = Monthly Interest Rate
n = Number of Months

Key Terms

  • LTV Ratio: Loan-to-Value ratio
  • Processing Fee: 0.5-1% of loan amount
  • Prepayment Charges: 0-2% of prepaid amount
  • Tax Benefits: Up to ₹2 lakh under Section 24

Tips

  • Maintain credit score above 750
  • Compare interest rates from multiple banks
  • Consider shorter tenure for less interest
  • Check for prepayment flexibility