🏠 Home Loan EMI Calculator
Work out your exact home loan EMI from property value and down payment, with RBI LTV caps applied automatically. Switch to Advanced for eligibility, fixed-vs-floating, Sec 24b/80C tax savings, prepayment impact, balance transfer and down-payment optimisation.
EMI Calculator
Full 6-module loan deep analysis
🔒 Locked to Home. Switch loan type.
Step 1 of 7
How much loan can you get?
Banks use FOIR (Fixed Obligation to Income Ratio) to cap your total EMI burden.
Net Monthly Income
Take-home salary or business income after tax
Existing EMIs / Month
All current loan repayments combined
FOIR Limit
Most banks allow 40–50% of income toward all EMIs
Enter your monthly income to calculate maximum loan eligibility.
Index
EMI & Loan Questions — Answered Directly
25 questions across Home, Personal, Car, and Education loans. India-specific, updated for RBI 2025–26 rules, no lender recommendations.
Home Loan EMI
Personal Loan EMI
Car Loan EMI
Education Loan EMI
General EMI
What This Home Loan Calculator Does
- EMI from property value minus down payment, with RBI LTV cap (90/80/75%) enforced by loan size
- Stamp duty and registration cost estimate added to total acquisition cost
- Section 24(b) interest deduction up to ₹2L/yr and Section 80C principal up to ₹1.5L/yr (Old Regime)
- Prepayment simulator — reduce-tenure vs reduce-EMI, with RBI 2025 zero-charge rule for floating loans
- Balance transfer verdict with break-even months after processing fee + 18% GST
Home Loan EMI — Frequently Asked Questions
How is home loan EMI calculated?
EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ – 1], where P = principal (property value minus down payment), r = monthly rate (annual ÷ 12) and n = months. Example: a ₹50L loan at 8.5% over 20 years gives an EMI of about ₹43,391/month.
How much home loan can I get on my salary?
Banks cap total EMIs at 40–50% of net monthly income (FOIR). On ₹60,000/month with no existing EMIs at 40% FOIR, your maximum EMI is ₹24,000 — roughly ₹27.6L of home loan at 8.5% for 20 years. Adding a co-applicant's income increases eligibility.
What tax benefits apply to a home loan?
Under the Old Tax Regime: Section 24(b) allows up to ₹2L/year deduction on interest for a self-occupied property, and Section 80C allows up to ₹1.5L/year on principal repaid. Combined, that is up to ₹3.5L/year — about ₹1.05L tax saved at the 30% slab.
Are there prepayment charges on home loans?
Under RBI's Pre-Payment Charges Directions 2025 (effective 1 January 2026), floating-rate home loans for individual borrowers carry zero prepayment charges — part or full. Fixed-rate home loans may still charge 2–3% of the outstanding principal.
Other Loan Types
Each loan type has its own calculator with type-specific logic. The all-in-one EMI Calculator hub lets you pick any type and switch freely.