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Analyze housing loan EMIs, property down payments, total interest payable over 30 years, and tax savings under Indian tax sections 24 and 80C.
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Explore pre-filled assumptions and calculation scenarios for home loan emi calculator.
Calculate State Bank of India (SBI) home loan monthly EMI, illustrative interest rates (8.50% p.a.), tax savings under Sec 24b, and partial prepayment payoff schedules.
Calculate HDFC Bank home loan EMIs, 8.70% benchmark rate schedules, processing fees, and Section 24b tax deductions with full year-by-year amortization schedules.
Calculate ICICI Bank home loan EMI at 8.75% interest. View monthly installment breakdowns, prepayment interest cuts, and Section 24 tax relief.
Calculate Bank of Baroda (BoB) home loan EMIs at competitive 8.40% interest rates. Model 20-year and 30-year repayments with zero prepayment penalty.
Calculate 30 Lakh home loan monthly EMI at 8.5% interest across 10, 20, and 30 years. Compare total interest, tax savings, and prepayment payoff dates.
Calculate monthly EMI for a 50 Lakh home loan at 8.5% p.a. for 20 years (₹43,391/mo). View total interest cost, amortization schedule, and prepayment impact.
Calculate 1 Crore home loan monthly EMI at 8.5% (₹86,782/mo for 20 yrs). Analyze tax deduction limits under Section 24b and partial prepayment savings.
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Finance & Wealth
Analyze housing loan EMIs, property down payments, total interest payable over 30 years, and tax savings under Indian tax sections 24 and 80C.
Enter loan amount, interest rate, and tenure. The calculator computes your monthly EMI using the standard reducing-balance formula, and adds property tax, insurance, and HOA fees for a full monthly payment picture.
Calculate home loan EMIs, down payment %, and tax benefits under Sec 24 & 80C. Yuitility keeps the workflow fast and focused, so you can complete the job without creating an account.
So you can check the result rather than take it on trust.
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
A ₹75,00,000 home loan at 8.75% for 25 years.
EMI = ₹61,659 per month. Total repaid ₹1,84,97,643, of which ₹1,09,97,643 is interest.
Over 25 years at 8.75%, the interest paid (₹1.10 Crore) is 1.46 times the amount borrowed. Prepaying even ₹5,000 extra per month cuts your repayment tenure by over 4 years and saves over ₹22 Lakhs in net interest.
All floating rate home loans in India are pegged to the RBI Repo Rate. When the RBI raises or cuts the repo rate, your interest rate and tenure adjust automatically.
Under the Old Tax Regime, interest up to ₹2 Lakh/year is deductible under Section 24(b), and principal up to ₹1.5 Lakh under Section 80C. Under the New Tax Regime (Section 115BAC), self-occupied home loan deductions are disallowed.
References for the rules or methods discussed here. Check applicability to your situation.
RBI/2019-20/54 DBR.DIR.BC.No.14/08.12.001/2019-20 (Mandatory benchmarking of retail loans to external benchmarks)
Master Circular on Housing Finance Lending Norms and Loan-to-Value (LTV) limits
Frequently asked questions about calculation formulas, privacy, and usage.
Principal, Interest, Taxes, and Insurance - the four components that typically make up a full monthly mortgage payment in the US.
Longer tenures lower your monthly EMI but significantly increase total interest paid over the loan's life. Shorter tenures cost more per month but save substantially on total interest.
In India, home loan interest is deductible under Section 24(b) (up to ₹2 lakh/year for self-occupied property) and principal repayment under Section 80C.
No. All calculations run strictly in your browser memory. Your loan amount, interest rate, and property figures are 100% private and never uploaded to any server.
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Calculate your monthly home loan installment, compare bank interest benchmarks, and model prepayment savings.
Simulate partial prepayments to cut years and save thousands in interest.
Monthly Home Loan Installment
$34,713
Loan: $4,000,000 • Down Payment: $1,000,000
Includes up to ₹2 Lakh interest deduction (Sec 24b) and ₹1.5 Lakh principal (Sec 80C).
| Year | Principal Repaid | Interest Paid | Total Installments | Est. Tax Benefit | Ending Balance |
|---|---|---|---|---|---|
| Year 1 | $79,609 | $336,946 | $416,555 | ~$83,883 | $3,920,391 |
| Year 2 | $86,646 | $329,909 | $416,555 | ~$85,994 | $3,833,745 |
| Year 3 | $94,305 | $322,251 | $416,555 | ~$88,291 | $3,739,440 |
| Year 4 | $102,640 | $313,915 | $416,555 | ~$90,792 | $3,636,800 |
| Year 5 | $111,713 | $304,842 | $416,555 | ~$93,514 | $3,525,087 |
| Year 6 | $121,587 | $294,968 | $416,555 | ~$96,476 | $3,403,500 |
| Year 7 | $132,334 | $284,221 | $416,555 | ~$99,700 | $3,271,166 |
| Year 8 | $144,031 | $272,524 | $416,555 | ~$103,209 | $3,127,134 |
| Year 9 | $156,763 | $259,793 | $416,555 | ~$105,000 | $2,970,372 |
| Year 10 | $170,619 | $245,936 | $416,555 | ~$105,000 | $2,799,753 |
| Year 11 | $185,700 | $230,855 | $416,555 | ~$105,000 | $2,614,053 |
| Year 12 | $202,114 | $214,441 | $416,555 | ~$105,000 | $2,411,939 |
| Year 13 | $219,979 | $196,576 | $416,555 | ~$103,973 | $2,191,959 |
| Year 14 | $239,424 | $177,132 | $416,555 | ~$98,139 | $1,952,536 |
| Year 15 | $260,586 | $155,969 | $416,555 | ~$91,791 | $1,691,949 |
| Year 16 | $283,620 | $132,935 | $416,555 | ~$84,881 | $1,408,329 |
| Year 17 | $308,689 | $107,866 | $416,555 | ~$77,360 | $1,099,640 |
| Year 18 | $335,975 | $80,581 | $416,555 | ~$69,174 | $763,665 |
| Year 19 | $365,672 | $50,883 | $416,555 | ~$60,265 | $397,994 |
| Year 20 | $397,994 | $18,561 | $416,555 | ~$50,568 | $0 |
• Section 24(b): Allows deduction up to ₹2,00,000 per financial year against home loan interest paid for a self-occupied property.
• Section 80C: Allows deduction up to ₹1,50,000 for principal repayment (subject to overall Section 80C limit).
• RBI Floating Rate Norm: As per RBI circulars, banks and HFCs cannot levy prepayment foreclosure penalties on floating-rate individual home loans.
