India 💰 INR Last updated2026-05-28

Home loan EMI Calculator India

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Quick answer (India)

A ₹50 lakh home loan at 8.5% p.a. over 20 years works out to a monthly payment of about ₹43,391, with total interest of ₹54,13,879 over the full term.

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Mortgage Calculator

INR

Home Value

₹

LTV 80% · No PMI ✓

Loan Amount

₹

Interest Rate

Term

Total Monthly

₹51,724

PITI

Principal + Interest

₹43,391

52% goes to interest

Total Interest

₹54,13,879

over 20 years

Monthly Breakdown

Principal & Interest₹43,391

Property Tax (1.1%/yr)₹5,729

Homeowner's Insurance (0.5%/yr)₹2,604

Total Monthly₹51,724

Principal vs Interest Split

48% principal

52% interest

✨ Live recalculation·Includes P&I, property tax, insurance. Estimates only — consult a licensed lender for exact rates.

Reviewed by

Aisha Rahman, CFP®, MBA LinkedIn ↗

CFP® with 12+ years in mortgage & retirement planning.

Local context

Home loan EMIs in India

Typical loan

₹50,00,000

in India

Typical rate

8.5% p.a.

prime borrower, 2026

Typical term

20 years

most common

Market overview

Indian home loans (legally called housing finance) are floating-rate by default, repriced quarterly against the RBI repo rate or each bank's MCLR/EBLR. The market is dominated by SBI, HDFC Bank, ICICI Bank, Axis Bank, and LIC Housing Finance. EMIs run for 20-30 years and average ticket sizes have crossed ₹50 lakh in metro markets.

Why 8.5% is the typical rate

8.5% is the typical post-2024 floating rate for salaried borrowers with a 750+ CIBIL score on a home loan up to ₹75 lakh. Self-employed and high-LTV loans see 9–11%.

Tax & regulatory notes

Section 80C allows up to ₹1.5 lakh deduction on principal repayment. Section 24(b) allows up to ₹2 lakh deduction on interest paid for a self-occupied property. Pre-EMI interest is amortized over 5 years post-possession. Stamp duty and registration are separate (5-7% of property value, state-dependent).

🧮 Worked example

A ₹50 lakh home loan at 8.5% p.a. over 20 years

Loan amount

₹50,00,000

Annual interest rate

8.5%

Term

20 years (240 months)

Monthly payment

₹43,391

Total interest paid

₹54,13,879

Total paid (principal + interest)

₹1,04,13,879

❓ FAQ (India)

Common questions in India.

Floating vs fixed home loan in India — which is better?

Indian banks predominantly offer floating-rate loans tied to the repo rate or MCLR. Fixed-rate options exist but typically only for the first 1-5 years before resetting to floating. With RBI rates trending downward in 2026, floating remains the default choice for most borrowers.

What is the difference between EMI calculator and home loan calculator?

Both compute the same thing — your equated monthly installment. "EMI calculator" is the term used in India and South Asia; "mortgage calculator" or "home loan calculator" is more common elsewhere. The math is identical.

How much home loan can I get on a ₹1 lakh salary?

Most Indian banks lend 60-80% of property value AND cap your EMI at 50-60% of net monthly income. On a ₹1 lakh/month salary, your EMI capacity is around ₹50,000-₹60,000 → roughly ₹50-60 lakh loan at current rates over 20 years.

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