How this calculation works
This calculator uses: Payment = Loan × r × (1+r)ⁿ / ((1+r)ⁿ − 1). Enter your values above to get an immediate result. Results are rounded for readability.
Using the mortgage calculator
Start by entering values in the units shown. The result updates immediately, and the shareable link preserves your inputs without creating a separate indexable page. Use this as a clear estimate and check important assumptions before relying on it.
Common questions
What is a good down payment for a home loan in India?
Most banks in India require a minimum down payment of 10–20% of the property value. A higher down payment reduces your EMI, total interest paid, and improves your loan approval chances.
What is the maximum home loan tenure in India?
Most banks offer home loans for up to 30 years. Longer tenure reduces monthly EMI but significantly increases total interest. Most financial advisors recommend keeping tenure to 15–20 years.
How does home loan interest rate affect my EMI?
Even a 1% change in interest rate can significantly affect your EMI and total repayment. For a ₹50 lakh loan over 20 years, a 1% rate increase adds approximately ₹3,000–4,000 to the monthly EMI.
What is the difference between a fixed and floating home loan rate?
A fixed rate stays constant throughout the loan tenure, giving payment predictability. A floating rate changes with market conditions — it can go up or down. In India, most home loans are floating rate linked to an external benchmark like the RBI repo rate.