Home Loan Calculator
Calculate home loan EMI, compare bank-wise rates and move into detailed amount and tenure pages.
Continue with bank-specific home loan pages
Use these bank pages when you want a faster comparison of indicative EMI, interest range, repayment amount and popular loan amount-tenure combinations for each lender.
What you can calculate
Monthly EMI
Enter loan amount, interest rate and tenure to estimate the monthly payment.
Total interest
See how much interest may be paid across the selected repayment period.
Total repayment
Use the result as a planning benchmark before checking lender-specific terms.
Source, update and assumptions
Last reviewed
12 July 2026. Rate values are planning inputs and can be updated from the LCS admin rate page.
Bank source
Indian bank categories are aligned with the RBI public bank list. View RBI source.
Rate source
Admin-maintained indicative rates reviewed against public lender disclosures where available. Final rates depend on borrower profile and lender approval.
Calculation assumptions
Reducing balance EMI
The EMI estimate uses the standard reducing-balance formula with monthly compounding.
Charges excluded
Processing fee, GST, insurance, legal valuation, stamp duty and rate-reset impact are not included unless stated.
Planning only
Use the result as a first planning benchmark before confirming exact terms with the bank.
Indicative home loan EMI comparison by bank
Use this table as a first shortlist. It keeps the tenure fixed at 15 years and compares the same loan amounts across popular banks, so the difference caused by indicative rate changes is easier to scan.
| Bank | Rate used | 20 Lakh EMI | 50 Lakh EMI | 75 Lakh EMI |
|---|---|---|---|---|
 SBI
|
8.50% | ₹19,695 | ₹49,237 | ₹73,855 |
 HDFC Bank
|
8.70% | ₹19,930 | ₹49,825 | ₹74,737 |
 ICICI Bank
|
8.90% | ₹20,167 | ₹50,416 | ₹75,624 |
 Axis Bank
|
9.00% | ₹20,285 | ₹50,713 | ₹76,070 |
 Kotak Bank
|
8.85% | ₹20,107 | ₹50,268 | ₹75,402 |
 PNB
|
8.60% | ₹19,812 | ₹49,531 | ₹74,296 |
 Bank of Baroda
|
8.55% | ₹19,753 | ₹49,384 | ₹74,075 |
 Canara Bank
|
8.65% | ₹19,871 | ₹49,678 | ₹74,516 |
If you want lower EMI
Compare longer tenures, but check the increase in total interest before choosing the lowest monthly number.
If you want lower total cost
Try shorter tenures or partial prepayments. The EMI may rise, but total interest usually falls sharply.
If you want easier approval
Keep income proof, existing obligation details, property documents and credit report checks ready before applying.
Before you apply for a home loan
Use this guide after checking the EMI. It is arranged around the questions most borrowers should answer before choosing a bank, tenure and application amount.
Check EMI affordability before you apply
Start with the EMI number, then test whether it still feels comfortable after rent, household costs, insurance, school fees, investments and existing EMIs. A lower EMI can look attractive, but it should not leave your monthly budget too tight.
- Compare EMI against monthly take-home income, not gross salary.
- Keep room for repairs, furnishing, property tax and emergency savings.
- Stress-test the loan by increasing the rate by 0.50% to 1.00%.
Compare interest rate, tenure and total interest together
The lowest EMI is not always the cheapest loan. A longer tenure reduces monthly pressure but can increase total interest sharply. Use the calculator to compare a comfortable EMI with the total repayment you are willing to accept.
- Shorter tenure usually means higher EMI and lower total interest.
- Longer tenure usually means lower EMI and higher total interest.
- Compare nearby rates because the final rate depends on credit score, income, property and lender policy.
Know the true cost beyond EMI
Before applying, ask for a full charge sheet. Processing fee is only one part of the cost. Legal verification, valuation, technical inspection, document handling, insurance and GST on service charges can change the actual upfront expense.
- Ask whether processing fee is fixed, percentage based or campaign-discounted.
- Check legal, valuation, franking, documentation and account charges.
- Confirm whether insurance is optional, bundled or financed into the loan.
Prepare eligibility and documents early
A clean file improves speed. Keep income proof, bank statements, KYC, property documents, down payment proof and existing loan details ready. Also check your credit report before submitting applications to multiple lenders.
- Review credit score, active loans and repayment history.
- Keep salary slips or ITRs, bank statements and identity/address proof ready.
- Verify builder, property title and approved project status before paying large advances.
Plan prepayment and balance transfer decisions
Prepayments can reduce interest, especially in the early years. A balance transfer can help if another lender offers a meaningfully lower rate, but switching costs must be compared with the interest saved.
- Ask if partial prepayment is allowed online and how often.
- Check charges for fixed-rate loans or special loan variants.
- For a transfer, compare processing fee, legal charges and remaining tenure.
Understand floating rate, fixed rate and pre-EMI risk
Floating-rate EMIs or tenures can change when benchmark rates move. Under-construction properties may involve pre-EMI, where you pay interest before full disbursement. Know how rate resets and disbursement schedules affect cash flow.
- Ask whether rate changes alter EMI, tenure or both.
- Check reset frequency and benchmark spread in the sanction letter.
- For under-construction homes, estimate pre-EMI until possession.
Avoid missed EMI and penal charges
A missed EMI can trigger late payment charges, penal interest and credit score damage. Keep the debit account funded before the due date and maintain a repayment buffer for income delays.
- Keep at least one EMI as a buffer in the repayment account.
- Set payment reminders before the auto-debit date.
- Contact the bank early if repayment stress is likely.
Check tax and GST basics
GST is generally not charged on the EMI itself, but it can apply to loan-related services and fees. Home loan principal and interest may qualify for tax benefits depending on usage, ownership and current tax rules.
- Confirm deductions with a tax advisor before relying on them.
- Ask the bank which fees attract GST.
- Keep interest certificates and repayment statements for tax filing.
Final checklist before submitting the application
Use this quick checklist before you share documents or pay processing fees. It keeps the decision practical and reduces surprises after sanction.
- Compare EMI, total interest, fees, prepayment rules and service convenience.
- Read sanction conditions, reset terms and insurance clauses.
- Keep written confirmation for special offers or waived charges.
After this checklist, open a bank-wise calculator to compare indicative rates and repayment values. Final loan approval, rate and charges depend on the bank's current policy and your profile.