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India Home Loan Calculator

Calculate your home loan EMI for properties in India with PMAY subsidies and Section 80C tax benefits

Loan Details
Enter your mortgage information to get accurate calculations

₹3,00,000

20.0% of home price (₹60,000)

Additional Costs
Monthly expenses beyond mortgage

₹3,000

₹1,200

Required if down payment < 20% (₹0)

₹0

Extra Payments
Pay off your mortgage faster

Monthly Payment

₹1,517

Principal & Interest

Total Monthly

₹1,867

Including all costs

Total Interest

₹3,06,107

Over life of loan

Total Cost

₹5,46,107

Principal + Interest

Payment Breakdown

Total Cost

₹5,46,107
Over 30 years

Principal

₹2,40,000
43.9% of total

Interest

₹3,06,107
56.1% of total

Payment Breakdown

Principal43.9%
₹2,40,000
Interest56.1%
₹3,06,107
Interest vs Principal Ratio
You'll pay 56% in interest
That's ₹66,107 more than the original loan amount
Amortization Schedule
See how your loan balance decreases over time
YearPaymentPrincipalInterestBalance
1₹1,517₹217₹1,300₹2,39,783
1₹1,517₹230₹1,287₹2,37,317
2₹1,517₹246₹1,271₹2,34,455
3₹1,517₹262₹1,255₹2,31,401
4₹1,517₹280₹1,237₹2,28,143
5₹1,517₹298₹1,219₹2,24,666
6₹1,517₹318₹1,199₹2,20,957
7₹1,517₹340₹1,177₹2,16,999
8₹1,517₹362₹1,155₹2,12,776
9₹1,517₹387₹1,130₹2,08,270
10₹1,517₹413₹1,104₹2,03,463
11₹1,517₹440₹1,077₹1,98,333
12₹1,517₹470₹1,047₹1,92,860
13₹1,517₹501₹1,016₹1,87,021
14₹1,517₹535₹982₹1,80,790
15₹1,517₹571₹946₹1,74,142
16₹1,517₹609₹908₹1,67,049
17₹1,517₹650₹867₹1,59,481
18₹1,517₹693₹824₹1,51,405
19₹1,517₹740₹777₹1,42,790
20₹1,517₹789₹728₹1,33,597
21₹1,517₹842₹675₹1,23,788
22₹1,517₹898₹619₹1,13,323
23₹1,517₹958₹559₹1,02,156
24₹1,517₹1,023₹494₹90,242
25₹1,517₹1,091₹426₹77,530
26₹1,517₹1,164₹353₹63,967
27₹1,517₹1,242₹275₹49,495
28₹1,517₹1,325₹192₹34,054
29₹1,517₹1,414₹103₹17,579
30₹1,517₹1,509₹8₹0

India Home Loan Calculator Guide

Our comprehensive India home loan calculator is designed specifically for the Indian property market. Whether you're buying in Mumbai, Delhi, Bangalore, or any other city, our calculator accounts for PMAY subsidies, Section 80C and Section 24 tax benefits, and various EMI options offered by Indian banks.

India Home Loan Features

PMAY Subsidies:Government subsidies up to ₹2.67 lakh for eligible income groups.
Tax Benefits:Section 80C (₹1.5 lakh) + Section 24 (₹2 lakh) deductions annually.
High LTV Ratios:Up to 90% LTV for loans below ₹30 lakh, 80% for higher amounts.
Flexible EMI Options:Step-up, step-down, and part-payment options available.
All Major Banks:SBI, HDFC, ICICI, Axis, and all leading banks supported.
Long Tenure:Home loan tenure up to 30 years for lower EMIs.

India Home Loan Market Overview

Indian home loans are regulated by the Reserve Bank of India (RBI) with interest rates typically ranging from 7% to 9.5%. The government's PMAY scheme provides substantial subsidies for eligible buyers, and tax benefits under Sections 80C and 24 make home loans attractive. Most loans are floating rate, linked to external benchmarks like the repo rate, offering better transparency and lower rates when RBI cuts rates.