Calculate your home loan EMI, interest, and total payments in India
📊 Loan Details
₹
%
years
%
Additional Annual Costs
Monthly EMI
₹67,765
Principal + Interest
💰 Monthly Payment
EMI
₹67,765
Total Monthly
₹67,765
📋 Loan Summary
Property Value
₹80,00,000
Down Payment
₹16,00,000
Loan Amount
₹64,00,000
Total Interest
₹98,63,550
Total Payment
₹1,62,63,550
Year-wise Repayment Schedule
| Year | Principal | Interest | Balance |
|---|
📚 About Home Loans in India
EMI (Equated Monthly Installment): The fixed monthly payment comprising both principal and interest components.
Interest Rate: Current home loan rates in India typically range from 8.5% to 11% per annum, depending on the lender and your credit profile.
Loan Tenure: Most banks offer home loans for 5 to 30 years. A longer tenure means lower EMI but higher total interest paid.
Tax Benefits: Under Section 80C, principal repayment up to ₹1.5 lakh and under Section 24, interest payment up to ₹2 lakh can be claimed as deductions annually.