Home Loan EMI Calculator

100% private

The EMI, plus the stamp duty, fees and taxes nobody else adds up. No lead form, and your numbers never leave this tab.

Where is the home?

State or city

Property price

Down payment

Tenure (years)

Interest rate (% a year)

Every sum is done in this tab. Your price, loan and income are never sent anywhere — and there is no “get a call from our loan expert” form.

Your monthly EMI

—

Checking usage…

The home & who’s buying

Whose name is it in?

Many states charge women less stamp duty — Delhi 4% instead of 6%, Haryana 5% instead of 7%. Left on the first option, the total errs high, not low.

It’s still being built (adds GST) It counts as affordable housing — ₹45 lakh or less, and a carpet area up to 60 m² in a metro or 90 m² elsewhere (1% GST instead of 5%)

Stamp duty % (optional)

Processing fee % (optional)

Only if you know better than our table — your builder’s cost sheet, or the bank’s sanction letter.

Buying as

Stamp Duty Land Tax for England and Northern Ireland. Scotland and Wales have their own taxes — set this to a home mover and treat the figure as a rough guide.

Buying as

I’m a UAE national (higher loan limit) Bought through an agent (2% commission)

Running costs (optional)

Property tax / year

Insurance / year

Maintenance / month

Added to the EMI to show what owning the home really costs each month.

Prepay early

One lump sum

…in year

Every year

Every month

Finish sooner Same EMI · saves most Lower my EMI Same end date

The yearly amount starts at the end of year 1. In India there is no prepayment penalty on a floating-rate home loan.

Cash you need on day one

If your rate goes up

Rise by

Can you afford it?

Take-home pay / month

Other EMIs / month

Where your money goes, year by year

Year	Principal	Interest	Prepaid	Still owed

Tap a year to see its months. Year 1 is your first twelve EMIs, not the financial year.

Today’s advertised home loan rates

Income tax you could save (India)

Your income tax slab, old regime

Step by step

How to calculate your home loan EMI — and the real cost

Four steps, no account, and no phone number between you and the answer.

Say where the home is

Pick the country and, in India, the state. That decides the stamp duty, the registration fee and the currency. In Maharashtra and Haryana you also choose the city or area, because the rate changes with it.

Enter the price and your deposit

Type the price however you like — 75L, 1.2cr or 7500000. The down payment can be a percentage like 20% or an amount like 15L. The calculator warns you if the loan is more than the bank is allowed to lend.

Choose a rate and tenure

Pick a bank from the list to use its lowest advertised rate, or type the rate on your sanction letter. Then open “The home & who’s buying” for GST and stamp duty concessions, and “Prepay early” to see what paying extra saves.

Read the real cost

You get the EMI, the cash you need on day one, the total interest, a year-by-year schedule and what a rate rise would do. One button copies the whole summary as plain text, ready to send to your partner or your bank.

Private by design

Why your salary and loan figures never leave this tab

Almost every EMI calculator in India is run by a bank or a loan marketplace, and it is there for one reason: to turn your price, salary and city into a sales lead. Type them in and the next screen asks for your phone number. This one has no form, no server doing the sums, and nothing to sell you — and you can check that in about ten seconds.

Nothing is uploaded

Every figure is worked out on your device. Your price, loan, pay and prepayments are never placed in a network request, so there is no copy of them for us to keep, sell, or hand to a loan agent.

Nothing is saved

We deliberately do not remember what you calculated, not even in your browser’s storage, and the figures never go into the page address. Close the tab and they are gone.

No lead form, no call

No sign-up, no phone number, no “check your eligibility” wall. The bank rates are a dated list we research by hand, so looking at them tells no bank anything about you.

To be precise about what does leave your device — because “100% private” is easy to say and worth checking. Three things, none of them your numbers:

1. The first time you change something, this page sends one anonymous message to our counter saying “home-loan-emi-calculator was used”. Not your price, not your loan, not your pay, nothing identifying you.
2. Google Analytics records the page view and that the calculator was used, as on every page of this site. It is told which country you picked and whether you tried a prepayment — never an amount, a rate or a state. Block it and the calculator works exactly the same.
3. When the page first loads, its fonts come from Google Fonts, which means Google sees your IP address at that moment — the same as on every page of this site.

The bank names in the rates table are plain links: nothing is sent to a bank unless you click one. And unlike most of the web, this page does not look up your location from your IP address — it guesses your country from your device’s own time-zone setting, which never leaves the browser. Turn off your wifi, reload, and keep calculating. It still works.

At a glance

Tool specifications

Input	Where the home is, its price, your down payment, the interest rate and tenure — plus, optionally, who is buying, GST, prepayments, running costs and your take-home pay
Output	Monthly EMI, cash needed on day one with every charge itemised, total interest, the full year-by-year and month-by-month schedule, a rate-rise stress test, an affordability check and the old-regime tax saving
EMI method	Reducing balance, the standard used by every Indian bank: EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1). Canada uses half-yearly compounding, as its law requires
Places covered	India by state (24 states and union territories with their own rules, plus a typical rate for the rest), the United States, United Kingdom, UAE, Canada, Australia and Singapore
India charges included	Stamp duty by state, area and buyer; registration fee with its caps; transfer duty or cess where it applies; GST on under-construction homes (5%, or 1% if affordable); processing fee plus 18% GST; a legal and valuation estimate
Loan limits	RBI loan-to-value caps (90% / 80% / 75%), UAE Central Bank and Singapore MAS limits, Canada’s minimum down payment and CMHC insurance, US PMI with automatic cancellation at 78%
Bank rates	Lowest advertised rates for 12 Indian lenders, and a typical rate for each other country, each with its source and date. A hand-researched snapshot, not a live feed — the date is on the page
Prepayments	A one-off lump sum, a yearly top-up and a monthly extra, together or separately, with the choice of a shorter loan or a lower EMI
Accuracy	Full double precision; nothing is rounded until it is displayed. Checked against an independent calculation across hundreds of loans
Libraries used	None. No vendored code, no CDN, no third-party request
Where processing happens	In your browser, on your device — nothing is uploaded
Saved anywhere	No. Not on a server, not in your browser’s storage, not in the page address
Works offline	Yes, once the page has loaded, including as an installed app
Sign-up	Not required, not offered
Price	Free

Questions

Home loans, answered

Is anything I type uploaded or saved?

No. The calculator is downloaded to your browser once and then works out every figure on your own device, so the price, loan, income and prepayments you type are never put in a network request. They are not saved in your browser either, so nothing lingers on a shared computer. That is the opposite of how most EMI calculators work: on a bank or loan-marketplace site, the calculator is the top of a sales funnel, and the next step is a form asking for your phone number. The easy proof: turn off your wifi after the page loads and keep calculating — it still works.

How is a home loan EMI calculated?

EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan, r is the yearly rate divided by 12, and n is the number of months. A ₹50 lakh loan at 8.5% for 20 years works out to ₹43,391 a month, of which ₹35,417 is interest in the very first month — which is why the first years of a home loan barely dent the balance. Every Indian bank uses this reducing-balance method. This calculator also builds the full month-by-month schedule from it, and handles Canada’s half-yearly compounding properly, which a plain r ÷ 12 calculator gets wrong.

What will stamp duty and registration cost in my state?

It depends heavily on the state, the buyer and sometimes the city. Maharashtra charges 6% in Mumbai and 7% in Pune and Thane, with registration capped at ₹30,000. Karnataka charges 5% above ₹45 lakh plus cess, and its registration fee doubled to 2% in August 2025. Telangana and Andhra Pradesh both come to about 7.5% once transfer duty is added. Delhi, Haryana, Punjab, Uttar Pradesh and others charge women 1–2% less. Pick your state and who the home will be registered to, and the calculator adds it all up. One caution: states charge on the higher of the price you agreed and the government’s guideline (circle) value, so if the guideline value is higher, your bill will be too.

Can I prepay my home loan without a penalty?

In India, yes, if the loan is on a floating rate. The RBI does not allow banks or housing finance companies to charge a prepayment or foreclosure penalty on a floating-rate home loan taken by an individual, whether you pay part of it early or close it completely. Fixed-rate loans are different and often carry a charge of around 2–3% of the amount prepaid, so check your sanction letter. Open “Prepay early” in the calculator to see how much interest a lump sum, a yearly top-up or a little extra every month would save.

What happens to my EMI when the RBI raises the repo rate?

Most new home loans in India are linked to the repo rate, so when it rises your interest rate rises at the next reset, usually within three months. What surprises people is what the bank does next: by default it keeps your EMI the same and quietly extends the tenure. On a ₹60 lakh, 20-year loan at 8.5%, a 1% rise keeps the EMI at ₹52,069 but adds 5 years and 9 months to the loan. The “If your rate goes up” panel shows this for your own loan, along with the higher EMI you would pay instead if you asked the bank to keep the original end date.

How much home loan can I get?

Two limits apply, and the lower one wins. First, the RBI caps how much of the home’s value a bank can lend: 90% for a loan up to ₹30 lakh, 80% up to ₹75 lakh and 75% above that, so you need at least a 10–25% down payment, and stamp duty and registration are not financed at all. Second, banks generally will not let all your EMIs together go above about half of your take-home pay. Enter your pay in “Can you afford it?” to see the largest loan that fits under that limit at your rate and tenure.

Should prepayment reduce my tenure or my EMI?

Reducing the tenure saves far more interest, because the money you prepay keeps cutting the balance for the rest of the loan instead of just lowering each payment. It is also what most banks do by default. Choose to lower the EMI instead if your monthly budget is the real constraint — after a pay cut, say, or before a second big expense. The calculator lets you switch between the two and shows the interest saved either way.

Do I get a tax benefit on my home loan?

Only under the old tax regime. For a home you live in, Section 24(b) lets you deduct up to ₹2 lakh of interest a year, and Section 80C lets you deduct up to ₹1.5 lakh of principal — though 80C is shared with PF, PPF, ELSS and insurance premiums, so it is often already used up. The new regime, which has been the default since FY 2023-24, gives no deduction for a self-occupied home. The tax panel shows what the first year’s deductions are worth at your slab, so you can weigh it when choosing a regime.

Keep it handy

Save it, share it, or tell us what’s missing

Come back to it

Bookmark the page, or pin it to your saved tools so it sits at the top of the tools list on this device.

A number look wrong?

If a figure here disagrees with your bank’s, your state’s stamp duty has changed, or you need something this page does not do, tell us. The form opens with the tool already filled in, so you only have to describe what happened.

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