Home Loan Calculator
Work out home loan EMI and lifetime interest on your mortgage.
Your biggest loan
A home loan runs 15–30 years, so the interest paid over its life often rivals the principal itself. Even a 0.25% lower rate, or a few extra prepayments, can save lakhs.
Tax benefit
Under the old regime, home-loan interest (up to ₹2L/year, Sec 24b) and principal (Sec 80C) are deductible. Factor this in when comparing renting vs buying.
Frequently asked questions
Fixed or floating rate?
Most Indian home loans are floating (linked to the repo rate). Floating rates fall when the RBI cuts rates but can rise too. Fixed rates cost more but give certainty.
How do prepayments help?
Prepaying reduces the outstanding principal, so future EMIs contain less interest. Prepaying early in the tenure — when interest dominates — saves the most.