Home Loan EMI Calculator

Calculate your exact monthly mortgage payment and view how much of your EMI goes towards interest vs. principal over the lifetime of your loan.

＋Equis / Liability Analytics

FORM AMRT · REV. 02

Loan Amount

Principal

₹

Interest Rate

Annual Rate (Reducing)

Tenure

Duration in Months

LIABILITY

Cost of Debt Ledger

Base EMI (Without GST)₹43,391/mo

Total Bank Interest+₹54,13,879

Total Repayment₹1,04,13,879

EQUIS VERIFIED MATHEMATICAL AUDIT • 0% BANK COMMISSIONS

The Math Behind Home Loan EMI Calculator

When you take a loan, banks calculate your Equated Monthly Installment (EMI) using the reducing balance method. Understanding the exact breakdown of your principal and interest over the tenure helps you make informed financial decisions.

real_estate_agent

1. The 20-Year Debt Trap

In a 20-year home loan, your first 5 years of EMIs go almost entirely toward interest. The bank recovers its profit long before you start owning the house.

account_balance

2. Tax Benefit Illusion

While Section 24(b) offers tax breaks on home loan interest, paying ₹100 to the bank to save ₹30 in taxes is a mathematical loss. Prepayment is usually better.

warning

3. Repo Rate Risks

Home loans are floating rate (repo-linked). A 1% repo rate hike can extend your loan tenure by 4-5 years without you realizing it.

Frequently Asked Questions

SBI vs HDFC home loan rate 2026?expand_more

In 2026, both SBI and HDFC offer competitive rates starting around 8.4% to 8.5% for high CIBIL scores. However, HDFC often runs festive processing fee waivers, while SBI has historically lower spread markups. Always check the Effective Annual Rate (EAR) using our calculator.

Can I get a home loan on a 30K salary?expand_more

Yes, you can. Banks typically allow up to 50% of your net income for EMIs (FOIR). On a ₹30,000 salary, you can afford an EMI of ₹15,000. At 8.5% interest for 20 years, you are eligible for a loan of approximately ₹17-18 Lakhs.

What is the prepayment penalty in a home loan?expand_more

As per RBI guidelines, banks cannot charge any prepayment penalty on floating-rate home loans for individual borrowers. However, fixed-rate loans or loans taken by non-individuals (like a company) may still carry a penalty of 1% to 2%.

Home loan EMI SBI 30 lakh 20 years — exact kitna hoga?expand_more

At SBI's current rate of ~8.5% for 20 years (240 months), on a ₹30 Lakh loan: EMI = ₹26,035/month. Total repayment = ₹62.48 Lakhs. Interest paid = ₹32.48 Lakhs — meaning you pay more in interest than the loan itself. Use our calculator above to see the exact month-by-month breakdown.

Home loan ke liye kitna down payment dena padta hai?expand_more

RBI ke norms ke hisaab se: Up to ₹30 Lakh loan — bank 90% finance karega (10% aapka down payment). ₹30-75 Lakh — bank 80% finance karega (20% aapka). ₹75 Lakh se upar — bank 75% finance karega (25% aapka). High property values mein down payment ek bada financial shock ho sakta hai.

Live Market Benchmarks • RBI Repo: 6.50%

Home Loan Lending Rates (Repo-Linked)

Verified • Updated October 2026

Lending Institution / Scheme	Indicative Benchmark Rate	Processing Fee / Charges	Max Tenure	Key Insight / Terms
State Bank of India (SBI)	8.50% - 9.65%	0.17% to 0.35% (Min ₹2,000 + GST)	Up to 30 Years	Lowest rate for CIBIL 750+. Concession for women borrowers.
HDFC Bank	8.70% - 9.80%	Up to 0.50% or ₹3,000 (whichever is higher)	Up to 30 Years	Standard benchmark prime lending rate linked to repo.
ICICI Bank	8.75% - 9.90%	0.50% (Min ₹3,000 + GST)	Up to 30 Years	Special rates for pre-approved corporate salary accounts.
Bank of Baroda (BOB)	8.40% - 9.50%	Zero to 0.25% under festive / digital campaigns	Up to 30 Years	Very competitive for central/state govt employees.

*Disclaimer: Benchmark rates are compiled directly from public bank filings and schedule circulars. Individual rate offers vary based on bureau score (CIBIL 750+), risk tiering, and loan-to-value (LTV) ratios.

EQUIS DECISION INTELLIGENCE • NEXT LOGICAL CALCULATION