Buyer tools
Home loan EMI calculator
Move the sliders to see your monthly EMI, the interest you will pay and how the loan reduces each year — then ask us for a quote.
Year-by-year repayment schedule
| Year | Principal paid | Interest paid | Loan left |
|---|
Indicative only. Your actual EMI depends on the lender, your eligibility, whether the rate is floating or fixed, and the final cost sheet.
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Tell us roughly what you need. An advisor will come back with current offers from banks and housing finance companies, matched to the project you are buying.
- Offers compared on rate, processing fee and tenure
- Help with the paperwork and the bank's project approval
- Loans for salaried, self-employed and NRI buyers
- Balance transfer of an existing home loan
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How your EMI is worked out
Banks use one standard formula: EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1). P is the loan amount, r is the yearly rate divided by 12 and by 100, and n is the number of monthly instalments.
In the early years most of each EMI goes towards interest, and only a small part reduces the loan. That is why a part-prepayment made early saves far more interest than the same amount paid near the end.
How much can you borrow?
RBI caps the loan-to-value ratio: up to 90% of the property value for loans up to ₹30 lakh, 80% for ₹30–75 lakh and 75% above ₹75 lakh. Banks usually don't fund stamp duty and registration, so plan for those separately — the stamp duty calculator shows how much.
FAQ
Questions buyers ask
It depends on the RBI repo rate, your credit score, income and the lender. Small differences matter: 0.25% less on a ₹1 crore, 20-year loan saves well over ₹3 lakh of interest. Ask us for a quote and we will compare current offers for you.
A longer tenure gives a lower EMI but more total interest. Many buyers take a longer tenure for comfort and make part-prepayments when they can; most floating-rate loans to individuals have no prepayment penalty.
Under the old tax regime, interest on a self-occupied home is deductible up to ₹2 lakh a year (Section 24(b)) and principal counts towards the ₹1.5 lakh Section 80C limit. The new regime does not allow these for a self-occupied home. Check with your tax adviser.
Yes. EMIs are paid from an NRE or NRO account, and lenders usually ask for a passport, visa or work permit, overseas salary slips and bank statements.
No. You also pay stamp duty (7% for men, 5% for women, 6% joint in Gurugram), the registration fee (up to ₹50,000), GST on under-construction homes and any extra charges. The property cost calculator adds all of these up.
Buyer tools