EMI uses the standard reducing-balance formula: EMI = P × r × (1+r)n / ((1+r)n – 1) where P is your loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly instalments (years × 12).
Financial Planning
Estimate Your Monthly Instalment
Use the sliders below to estimate your EMI for any property. We'll walk you through the full loan process once you're ready to move forward.
Home Loan EMI Calculator
Adjust the sliders to estimate your monthly instalment.
Property Price₹ 80,00,000
Down Payment₹ 16,00,000
Interest Rate (per annum)8.50 %
Loan Tenure20 Years
Monthly EMI
₹ 0
Based on the numbers above. Actual rates vary by bank and credit profile.
Loan Amount₹ 0
Total Interest₹ 0
Total Payable₹ 0
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EMI & Home Loan FAQs
How is EMI calculated?
What's a typical down payment in India?
Most banks finance up to 80–85% of the property value, so you'll need 15–20% upfront plus stamp duty and registration (typically another 6–8% on top). Luxury properties over ₹75 lakh may require a higher down payment of 25%.
Should I choose a longer or shorter tenure?
Longer tenure lowers monthly EMI but increases total interest paid. Shorter tenure means higher EMI but much lower total cost. A good rule of thumb: keep EMI under 40% of your monthly take-home income for comfort.
Are interest rates fixed or floating?
Most home loans in India are floating (linked to RBI's repo rate or MCLR). Fixed-rate options exist but are usually 0.5–1% higher. Floating rates benefit you when RBI cuts rates; fixed gives predictability during rising-rate cycles.