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Loan & EMI Calculators

Home Loan Calculator

Home loan EMI, interest outgo and affordability check.

Enter your details

₹
₹
Used only for the EMI-to-income check; enter 0 to skip.
₹
Enter 0 for no prepayment.
After prepayment
Estimate only. Results depend on the inputs and the rules and rates described below. Verify with the official source or a professional before filing or investing; this is not tax, legal or investment advice.

How it is calculated

EMI = P × r × (1 + r)n ÷ [(1 + r)n − 1] on the loan amount P = property value × (1 − down payment %). With a prepayment after month k, the balance is reduced by the amount paid. Reduce tenure keeps the EMI and the loan closes earlier; reduce EMI recomputes the EMI on the new balance for the remaining n − k months.

Worked example

Property ₹75,00,000, 20% down → loan ₹60,00,000 at 8.75% for 20 years gives an EMI of about ₹53,026. A ₹5,00,000 prepayment after 36 EMIs, keeping the EMI, shortens the loan by roughly two years and saves interest of several lakh rupees; the calculator shows exact figures.

About the Home Loan Calculator

Home loan EMI, interest outgo and affordability check. This free loan & emi tool runs entirely in your browser: nothing you type is sent to a server, and you can save, print or download the result.

What you need to enter

You will be asked for property value, down payment (% of property value), interest rate (% per year), loan tenure (years), monthly take-home income (₹, optional), one-time part-prepayment (₹) and a few more details. Fields marked * are required. Every field shows a hint and the allowed range.

How to use it

  1. Fill in the inputs (sample values are pre-filled so you can see how it works).
  2. Press Calculate to see the result, breakdown and chart.
  3. Use Print, Download PDF or Share to keep the result, or come back to it from your saved history.

Who it helps

Salaried individuals, business owners, investors and professionals who want a quick, transparent estimate before they file, invest or plan. If your case has special facts, our team can review it - ask for a consultation.

Results are estimates based on the rules and rates described under "How it is calculated". Laws change and individual facts differ, so confirm with official sources or a qualified professional before acting. This is not tax, legal or investment advice.

Frequently asked questions

Is it better to reduce tenure or reduce EMI after a prepayment?

Reducing tenure saves more total interest because you keep paying the higher EMI. Reducing EMI eases monthly cash flow but saves less. Choose based on how stable your income is.

Can I claim tax benefits on my home loan?

Possibly, but the deduction available depends on the tax regime you opt for, the use of the property and the limits in force for that year. Confirm on incometax.gov.in or ask us before planning around it.

Does the down payment include stamp duty and registration?

No. Stamp duty, registration and other costs are paid separately and are not part of the loan here, so budget for them on top of the down payment.

Need help beyond the calculator?

Talk to our tax and compliance team for advice based on your documents.

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