Home Loan Calculator

Most lenders require a minimum down payment of 10-20% of the property value, meaning they finance 80-90% of it as a home loan, though this can vary by lender and property type.

Home loan interest rates vary by lender, loan amount, and your credit profile, and change over time with RBI policy rates — it's worth comparing current offers from multiple banks and NBFCs rather than relying on a fixed benchmark.

A longer tenure lowers your monthly EMI but increases total interest paid over the loan; a shorter tenure means higher EMIs but significantly less interest overall — the right choice depends on your monthly budget versus your goal of minimizing total cost.

Yes, most home loans in India allow prepayment (often without penalty on floating-rate loans), and prepaying reduces the outstanding principal, which lowers the total interest you'll pay over the remaining tenure.

No, this calculator estimates EMI and interest based on loan amount, rate, and tenure only — lenders may charge separate processing fees, insurance, or other charges not reflected here.

It's a month-by-month (or year-by-year) breakdown of each EMI payment showing how much goes toward interest versus principal, and what's left outstanding — early payments are interest-heavy, and the split shifts toward principal as the loan matures.

It should be very close for a standard reducing-balance loan, but banks may round differently, apply charges from the first EMI, or use a slightly different day-count convention — treat this as a close estimate, not a substitute for your loan statement.

Keeping the EMI unchanged and letting the tenure shorten saves more total interest, since you keep paying down principal faster; reducing the EMI instead eases monthly cash flow but stretches out interest payments over the original tenure.