Home Loan EMI Calculator

Home Loan EMI Calculator

🏠 Home Loan EMI Calculator

Calculate your monthly payments with precision and plan your dream home purchase

₹
₹5,000,000
%
8.50%
Years
20 Yr
₹43,391
Monthly EMI
₹10,413,879
Total Amount
₹5,413,879
Total Interest
Chart
Schedule
Prepayment
Year Principal Interest Balance
1 ₹99,511 ₹421,182 ₹4,900,489
2 ₹108,307 ₹412,387 ₹4,792,181
3 ₹117,881 ₹402,813 ₹4,674,300
4 ₹128,300 ₹392,394 ₹4,546,000
5 ₹139,641 ₹381,053 ₹4,406,359
6 ₹151,984 ₹368,710 ₹4,254,375
7 ₹165,418 ₹355,276 ₹4,088,957
8 ₹180,039 ₹340,655 ₹3,908,918
9 ₹195,953 ₹324,741 ₹3,712,965
10 ₹213,274 ₹307,420 ₹3,499,691
11 ₹232,125 ₹288,569 ₹3,267,566
12 ₹252,643 ₹268,051 ₹3,014,923
13 ₹274,974 ₹245,720 ₹2,739,949
14 ₹299,279 ₹221,415 ₹2,440,670
15 ₹325,733 ₹194,961 ₹2,114,937
16 ₹354,525 ₹166,169 ₹1,760,412
17 ₹385,862 ₹134,832 ₹1,374,550
18 ₹419,968 ₹100,726 ₹954,582
19 ₹457,090 ₹63,604 ₹497,492
20 ₹497,492 ₹23,202 ₹0

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  1. What is the EMI for a 20 lakh home?
    The EMI for a ₹20 lakh home loan depends on the interest rate and tenure. For example, at 8.5% interest over 20 years, the EMI would be approximately ₹17,356 per month.
  2. How much home loan can I get if my salary is 50000?
    Banks typically offer loans where EMI is up to 40–50% of your monthly salary. With a ₹50,000 salary, you may get a loan up to ₹20–25 lakh, depending on your credit score and existing liabilities.
  3. How much salary is required for a 40 lakh home loan?
    To qualify for a ₹40 lakh home loan, you should ideally earn ₹80,000 to ₹1,00,000 per month, assuming 40–50% of income is allocated for EMI.
  4. Can I get a 90% home loan?
    Yes, banks and NBFCs may offer up to 90% loan-to-value (LTV) for properties under ₹30 lakh. For higher-value properties, the LTV reduces (typically 75–80%).
  5. What is 40 lakh monthly EMI?
    At 8.5% interest for 20 years, the EMI for ₹40 lakh would be around ₹34,712 per month.
  6. How much EMI for 15 lakhs?
    At 8.5% interest for 20 years, the EMI for ₹15 lakh is approximately ₹13,017 per month.
  7. Can I get 1 crore home loan?
    Yes, if your income and credit profile qualify. You’ll generally need a monthly income of ₹2,00,000 or more to be eligible, assuming other debts are minimal.
  8. What is the EMI for 25 lakhs home loan for 20 years?
    At 8.5% interest, the EMI would be around ₹21,695 per month for 20 years.
  9. Can I get a home loan without a job?
    It’s difficult, but possible. Lenders may consider other income sources like rent, business income, or a co-applicant with stable income. Documentation and credit history become more important.
  10. How is EMI calculated for home loan?
    EMI = [P × R × (1+R)^N] / [(1+R)^N – 1],
    where:
  • P = Principal loan amount
  • R = Monthly interest rate (Annual rate / 12 / 100)
  • N = Number of monthly installments
  1. What is 2 percent of 40 lakhs?
    2% of ₹40,00,000 is ₹80,000.
  2. What is the interest of 40 lakh in SBI per month?
    Assuming an 8.5% annual rate, monthly interest = ₹40,00,000 × (8.5/100)/12 ≈ ₹28,333.
    Actual EMI will include both interest + principal.
  3. Which bank gives 100% home loans?
    Most banks do not offer 100% home loans. RBI regulations limit loans to 75–90% of property value. However, some NBFCs may offer higher funding through combined loan products.
  4. Who is eligible for HDFC car loan?
    Eligibility includes:
    • Salaried or self-employed individuals
    • Age between 21–65 years
    • Stable income with required documentation
    • Minimum annual income: ₹2.5–3 lakh (varies by location)
  5. What is the best age for home loan?
    Ideal age: 25–40 years. This ensures:
    • Longer tenure eligibility
    • Lower EMI burden
    • Easier loan approval due to stable income phase
  6. What is the charge of HDFC home loan?
    Typical charges include:
    • Processing fee: 0.5% to 1.5% of the loan
    • Legal & technical charges
    • Prepayment or foreclosure charges (only for fixed-rate loans)
  7. Can I pay a home loan early?
    Yes, most banks allow early repayment. Floating-rate loans have zero prepayment penalty. Fixed-rate loans may have small charges.
  8. What is the EMI for 40 lakhs home loan in SBI?
    At 8.5% for 20 years, EMI = ₹34,712/month (approx). Use SBI’s EMI calculator for exact values.
  9. Can I get home loan with 30k salary?
    Yes, but the eligible amount will be limited. You may qualify for ₹12–15 lakh depending on other obligations and tenure.
  10. Who is eligible for LIC home loan?
    LIC HFL eligibility includes:
    • Indian resident or NRI
    • Age: 21–65 years
    • Stable income with proof
    • Good credit history