Home Loan EMI Calculator

Calculate your monthly EMI, total interest payable, and get complete amortization schedule. Compare rates from major Indian banks.

Loan Details

10L 50L 1Cr 5Cr
%
6% 10% 15% 20%
Yrs
1Y 10Y 20Y 30Y

Current Bank Rates (p.a.)

SBI
8.4%
HDFC
8.7%
ICICI
8.6%
Axis
8.5%

Your EMI Breakdown

Monthly EMI
₹ 26,041
for 20 years at 8.5% interest
Total Interest
₹ 32,49,840
Total Payment
₹ 62,49,840
Principal Amount
₹ 30,00,000
Interest % of Total
52%

Tips to Reduce Your EMI

Increase Down Payment

Paying 20-30% upfront can significantly reduce your loan amount and EMI burden.

Choose Shorter Tenure

While EMI increases slightly, you save lakhs in total interest with shorter tenure.

Balance Transfer Option

Transfer your loan to another bank offering lower interest rates after 1-2 years.

Use PMAY Subsidy

Under PMAY, get interest subsidy up to ₹2.67 lakh on home loans.