Mortgage Calculator
Estimate monthly home loan payments, total interest and the payoff timeline.
A home loan is usually your biggest financial commitment. On a ₹50 lakh loan at 8.75% for 20 years, the EMI is about ₹44,200 — and you’ll pay roughly ₹56 lakh in interest, more than the principal itself. Even small prepayments in the early years cut lakhs off that interest.
How to use the mortgage calculator
- Enter the home loan amount.
- Set the interest rate and tenure.
- See EMI, total interest and payoff timeline.
Mortgage Calculator — FAQs
How much home loan can I afford?
Banks generally cap your EMI at 40–50% of monthly income and lend up to 75–90% of the property value. The rest is your down payment.
What is the current home loan rate in India?
Rates move with the RBI repo rate; in recent years they’ve ranged roughly 8.3–9.5% for salaried borrowers with good credit.
Should I prepay my home loan or invest?
If your investments reliably earn more than the loan rate (after tax), investing can win. But prepaying a 9% loan is a guaranteed 9% return — most people should do a mix.
What are the tax benefits?
Under the old regime: up to ₹1.5 lakh principal under 80C and up to ₹2 lakh interest under Section 24 for self-occupied property.
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