Home Loan EMI Calculator
A home loan is the biggest, longest debt most people take on, often 15 to 30 years. A small difference in interest rate compounds into lakhs over that span, so it's worth modelling before you sign.
- Compare the effective rate (not just the headline rate) across at least three lenders, processing fees and insurance add up.
- A 20% down payment usually unlocks a better rate slab and avoids costlier top up loans later.
- Under Section 24, interest paid on a self occupied home loan is deductible up to ₹2 lakh per year, factor this into your real cost.
- Prepaying even 5% of the principal in year 2 to 3 can cut years off a 20 year tenure, try the prepayment simulator.
Well qualified borrowers with strong credit scores are typically seeing rates in the 8.3% to 9.5% range from major banks, though this shifts with RBI policy, always check current published rates before comparing.
A longer tenure lowers your monthly EMI but increases total interest paid significantly. Use the slider above to see the trade off directly, if you can afford a shorter tenure, you'll usually save far more than the EMI difference suggests.
Yes, principal repayment qualifies under Section 80C (up to ₹1.5 lakh) and interest under Section 24 (up to ₹2 lakh for self occupied property), subject to current tax rules.
Prepayment Simulator
Drop a lumpsum or bump your monthly EMI. Watch interest and tenure shrink in real time.
Open →Loan Decision Engine
Enter every loan you have. We rank them by avalanche or snowball and tell you which to kill first.
Open →Debt Free Countdown
A live clock ticking down to the day your last EMI clears, years, days, hours, and seconds.
Open →