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Home loan EMI calculator
Your monthly instalment, the interest you will pay over the full term, and the true cost once the processing fee is added.
What drives your home loan cost
A ₹50 lakh loan at 8.5% for 20 years costs ₹43,391 a month and about ₹54.1 lakh in interest, more than the amount borrowed. Three levers change that most:
- Rate: every 0.5 point on a ₹50 lakh, 20-year loan moves the EMI by roughly ₹1,600 a month. The RBI repo rate rose to 5.50% in October 2026, so floating rates may reset upward.
- Tenure: 15 years instead of 20 raises the EMI to about ₹49,200 but cuts interest by about ₹15.5 lakh.
- Prepayment: an early lump sum shortens the loan sharply. See the prepayment calculator.
Before you sign
Compare offers on the annual rate and the total cost including fees, not the EMI alone. Check how the rate is linked to the repo rate and how often it resets. Floating-rate home loans to individuals carry no prepayment penalty. Use the eligibility calculator to see how much lenders may offer.
Questions
Is home loan interest tax-deductible?
Under the old regime, up to ₹2 lakh of interest a year on a self-occupied home and up to ₹1.5 lakh of principal under Section 80C. The new regime does not allow these for a self-occupied home.
What is a good EMI-to-income ratio?
Lenders typically allow all EMIs to take up to 40% to 50% of take-home pay. Keeping it nearer 30% leaves room for savings and rate rises.