Home Loan EMI Calculator
Calculate your home loan EMI, total interest payable, and get a detailed amortization schedule for your housing loan.
Home Loan Details
₹50.00 L
₹1 Lakh₹10 Crore
8.5%
5%20%
20 Years
1 Year30 Years
Monthly EMI
₹43,391
Principal Amount
₹50.00 L
Total Interest
₹54.14 L
Total Payment
₹1.04 Cr
Payment Breakdown
Principal (48.0%)
Interest (52.0%)
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Balance |
|---|---|---|---|
| 1 | ₹99,511 | ₹4,21,182 | ₹49,00,489 |
| 2 | ₹1,08,307 | ₹4,12,387 | ₹47,92,181 |
| 3 | ₹1,17,881 | ₹4,02,813 | ₹46,74,300 |
| 4 | ₹1,28,300 | ₹3,92,394 | ₹45,46,000 |
| 5 | ₹1,39,641 | ₹3,81,053 | ₹44,06,359 |
| 6 | ₹1,51,984 | ₹3,68,710 | ₹42,54,375 |
| 7 | ₹1,65,418 | ₹3,55,276 | ₹40,88,957 |
| 8 | ₹1,80,039 | ₹3,40,655 | ₹39,08,918 |
| 9 | ₹1,95,953 | ₹3,24,741 | ₹37,12,965 |
| 10 | ₹2,13,274 | ₹3,07,420 | ₹34,99,691 |
Showing first 10 years of 20 years
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Frequently Asked Questions
What is a typical home loan interest rate in India?
Home loan interest rates in India typically range from 8.5% to 10.5% per annum, depending on the lender, loan amount, and borrower's credit profile. Public sector banks often offer slightly lower rates than private banks.
What is the maximum tenure for a home loan?
Most banks offer home loans with a maximum tenure of 30 years. However, the actual tenure depends on your age at the time of loan maturity, which typically should not exceed 60-70 years.
What is the ideal EMI to income ratio for a home loan?
Financial experts recommend that your home loan EMI should not exceed 40% of your monthly income. This ensures you have sufficient funds for other expenses and emergencies.
Can I prepay my home loan?
Yes, most banks allow home loan prepayment without any penalty for floating rate loans as per RBI guidelines. For fixed rate loans, there may be prepayment charges of 2-3%.